Verum Partners LLC (Charlotte)


Verum Partners LLC is a large advisory firm based in Charlotte. It manages $188.16 million of regulatory assets for 239 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of North Carolina.

Verum Partners provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Verum Partners: assets under management

The assets under management (AUM) of Verum Partners LLC is $188.16 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $114.58 million in discretionary accounts and $73.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $506.99 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.66 million.

Investments

The firm invests in state and local bonds the most. They account for 38% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in other assets form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Verum Partners LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Verum Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Verum Partners is high net worth individuals with 39 clients and $182.65 million of assets under management. Among the 10 most similar advisory firms, Verum Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $188.16 million for 55 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Verum Partners doesn't advise any private funds.

Careers at Verum Partners LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert Christopher Gammon Managing member, co-founder and partner 1 Apr 2019 25% - 50% 3163885
Oliver Roane Cross Managing member, co-founder, partner and chief compliance officer 1 Apr 2019 25% - 50% 5837438
Dustin Anthony Barr Managing member, co-founder, and partner 1 Apr 2019 25% - 50% 6529215

Based in Charlotte

The principal office where Verum Partners LLC performs its advisory services is located at 200 Providence Road, Charlotte, NC 28207, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (980) 771-3999 or by fax (980) 771-3388. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at verumpartnership.com.

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