Verity And Verity, LLC (Beaufort)

Name: Verity And Verity, LLC
Address: 2015 Boundary Street, Beaufort, SC, 29902
Telephone: 843-379-6661

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.

Verity And Verity: assets under management

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 firm manages $415.1 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $924.5 thousand each.

Verity And Verity has custody of $154.6 million in cash and securities for 129 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is investment and business development companies, which make up 3% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

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.

What kind of clients William Wymond Verity serves?

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.

Careers at Verity And Verity, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Wymond Verity	Managing member/president/director	1 Feb 2002	75% - 100%	1426080
Paula Murray Verity	Chief compliance officer	1 Feb 2002	Other	4771705
Gregory Nelson Thomas	Member, director, chief investment officer	1 Feb 2002	Other	445150
David Ross Ryder	Member	1 May 2002	Other	4767238
Jonathan George Verity	Member	1 Jan 2006	Other	3012594
Peggy V. Power Trust	Member	1 Nov 2012	Other	xxx-xx-xxxx
Charles Collins Anderson	Member	1 Oct 2013	Other	1294479
Joseph J Costigan	Director of research/senior pm	1 Oct 2014	Other	4577597
Michael Wayne Nix	Chief investment officer	1 Feb 2018	Other	2627320

Based in Beaufort

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.