Veratis Advisors, Inc. is a pension cosultant based in Cary. It manages $81.5 million of regulatory assets for 53 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Louisiana, North Carolina, and Virginia.
Veratis Advisors provides portfolio management for businesses and institutional clients, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Veratis Advisors, Inc. is $81.5 million. The company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Veratis Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Veratis Advisors is high net worth individuals with 40 clients and $76.7 million of assets under management. Among the 3 most similar advisory firms, Veratis Advisors has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $81.5 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.
Veratis Advisors doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 3 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.
The principal office where Veratis Advisors, Inc. performs its advisory services is located at 1400 Crescent Green, Cary, NC 27518 8118, 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 919-460-8875 or by fax 919-460-9071. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at veratisadvisors.com.