Verdeam, LLC is a large advisory firm based in Denver. It manages $1.13 billion of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Colorado.
Verdeam provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Verdeam, LLC is $1.13 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1124% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Verdeam, LLC for their services and products based on a percentage of assets under management and performance-based 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 only and largest group of clients of Verdeam is pooled investment vehicles with 24 clients and $1.13 billion of assets under management. Among the 11 most similar advisory firms, Verdeam has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.13 billion for 24 clients. None of the firm’s clients are foreign persons or businesses.
Verdeam also advises several private funds. Namely, eleven real estate funds, one other private fund, and one securitized asset fund. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.
The company employs 7 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 Verdeam, LLC performs its advisory services is located at 3900 South Wadsworth Blvd., Denver, CO 80235, 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 303-962-3500 or by fax 303-962-0307. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at palm-advisors.com.