Verus Financial Partners
Assets Under Management
$1.0B
Number of Clients
642
Number of Advisors
11
Average Client AUM
$1.6M
AUM per Advisor
$91.3M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Verus Financial Partners offers investment advisory services, financial planning, and tax planning/preparation (separate agreement) to individuals and families. They provide discretionary investment advisory services on a fee-only basis, generally based on a percentage of assets under management. They may recommend other professionals like attorneys or accountants.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1.0M | 1.25% |
| $1.0M - $2.5M | 1.00% |
| $2.5M - $4.0M | 0.85% |
| $4.0M - $5.5M | 0.75% |
| $5.5M - $7.0M | 0.70% |
| $7.0M - $8.5M | 0.65% |
| $8.5M - $10.0M | 0.60% |
| $10M+ | 0.55% |
Fee Estimator
Verus Financial Partners charges an annual fee based on a percentage of your assets under management, as detailed in the fee schedule. The firm generally requires a minimum portfolio asset level of $1,000,000 for investment advisory services, but this may be waived at the firm's discretion. Clients who engaged the Registrant’s service subsequent to July 1, 2021 who maintain less than $1 million in assets under the Registrant’s management, the client will pay a higher percentage advisory fee than the 1.00% reflected in the fee schedule. The firm may charge a lesser or greater investment advisory fee, charge a flat fee, waive its fee entirely, or charge fee on a different interval, based upon certain criteria.
Areas of Practice
Location
9030 Stony Point Parkway, Suite 160, Richmond, VA, 23235