Verity And Verity, LLC is a large advisory firm based in Beaufort. It manages $415.1 million of regulatory assets for 449 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Colorado, Florida, and 8 other states.
Verity And Verity provides portfolio management for individuals and small businesses, selection of other advisers, and sub adivsory services to other investment advisers. 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 Verity And Verity, LLC is $415.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 964% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Verity And Verity, LLC for their services and products based on a percentage of assets under management. 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, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of William Wymond Verity is high net worth individuals with 172 clients and $382.6 million of assets under management. Among the 11 most similar advisory firms, Verity And Verity has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $415.1 million for 256 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.
Verity And Verity doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
William Wymond Verity has been acting as President since 1 Feb 2002. Michael Wayne Nix has served as the Chief Investment Officer since 1 Feb 2018. Joseph J Costigan joined the executive team most recently as the Director Of Research/Senior Pm.
The principal office where Verity And Verity, LLC performs its advisory services is located at 2015 Boundary Street, Beaufort, SC 29902 The mailing address of the firm is P.O. Box 1086, Beaufort, SC 29901. An additional office of the firm is in Edwards, CO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 843-379-6661 or by fax 843-379-6664. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at verityvip.com.