Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Verity Wealth Advisors, LLC Overview
Verity Wealth Advisors, LLC is a registered investment advisory firm that has been in business since 2003. The firm is based in Sausalito, CA, and primarily offers investment advice to its clients through a fee-based arrangement. They specialize in financial planning, portfolio management for individuals and small businesses, and take pride in providing their clients with sound investment advice to help them achieve their financial goals. As an investment advisory firm, Verity Wealth Advisors, LLC only offers investment advice, which means they do not engage in any other financial activities. The firm has built its reputation based on its commitment to always putting its client's interests first, ensuring that each client gets personalized financial advice that suits their unique financial needs. They believe in a client-centric approach and strive to build long-term relationships with their clients. At Verity Wealth Advisors, LLC, clients have access to a wide range of investment services, including financial planning, portfolio management, and the selection of other advisors. Their team of experienced and qualified advisors are committed to helping clients navigate the complexities of the financial world, providing them with the information they need to make informed investment decisions. The firm takes pride in offering its clients top-notch investment advice, and this dedication to excellence has made Verity Wealth Advisors, LLC a trusted name in the industry for nearly two decades.
VERITY WEALTH ADVISORS, LLC is known for catering to a diverse range of clientele. From individuals looking for guidance in financial planning to high net worth individuals seeking sophisticated investment management solutions, the firm offers customized services tailored to meet the unique needs of each client. They have a reputation for working closely with their clients to understand their goals, risk tolerance, and financial circumstances to generate optimal solutions that align with their needs. Through their expertise and varied experience, VERITY WEALTH ADVISORS, LLC has gained the trust of clients and has helped them achieve their financial goals. The firm provides fee structures depending on the services provided. For investment management, the firm operates with a percentage of AUM fee structure. This fee structure is calculated based on a percentage of the total assets under management, representing a transparent yet flexible payment structure. Clients can rest assured that the fees align with the level of service provided. The firm also offers an hourly fee structure whereby clients pay for advice and planning services on an hourly basis, based on the number of hours spent on each engagement. A fixed fee structure is available for simpler financial planning and advisory services, allowing clients to budget and plan ahead accordingly. The fee structure is always disclosed upfront, and clients can be confident that no hidden fees or surprises will arise. VERITY WEALTH ADVISORS, LLC prides itself on transparency with respect to fees, empowering clients to make informed decisions regarding their financial futures.
Typical Clients, Fee Structures & Investment Minimum
According to Verity Wealth Advisors, LLC's Part 2 Brochure, the firm does not mention any investment minimums.
How This Office Can Help Sausalito, CA Residents
VERITY Wealth Advisors provides personalized financial advice and investment management services to clients in Sausalito, CA. The company specializes in helping clients achieve their financial goals through a comprehensive approach that takes into account their unique needs and circumstances. For clients in Sausalito, CA, the firm can help with a range of financial situations, from managing investments to planning for retirement or college savings. With a deep understanding of the local economy and housing market, VERITY Wealth Advisors can also advise clients on real estate investment opportunities in the area. In addition, the firm offers estate planning services to help clients ensure that their assets are properly managed and distributed according to their wishes. Overall, VERITY Wealth Advisors provides the guidance and expertise that clients in Sausalito, CA need to achieve financial success and peace of mind.
Services Offered by Verity Wealth Advisors, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Verity Wealth Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Verity Wealth Advisors, LLC is registered to service clients in the following states:
- California
- New Hampshire
Disciplinary History
Verity Wealth Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.