Variant Private Wealth LLC (Vienna)

Name: Variant Private Wealth LLC
Address: 8133 Leesburg Pike, Vienna, VA, 22182
Telephone: 703-760-7600

Variant Private Wealth LLC is a large advisory firm based in Vienna. It manages $95.38 million of regulatory assets for 618 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, and 3 other states.

Variant Private Wealth provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Variant Private Wealth: assets under management

The assets under management (AUM) of Variant Private Wealth LLC is $95.38 million. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $91.8 million in discretionary accounts and $3.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $150.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $511.66 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 39% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in investment grade corporate bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Variant Private Wealth LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Variant Private Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Variant Private Wealth is individuals with 146 clients and $52.1 million of assets under management. Among the 10 most similar advisory firms, Variant Private Wealth has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $94.97 million for 175 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.

Variant Private Wealth doesn't advise any private funds.

Careers at Variant Private Wealth LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Anthony Morgante	Managing member/cco	1 Jun 2017	75% - 100%	4254550

Based in Vienna

The principal office where Variant Private Wealth LLC performs its advisory services is located at 8133 Leesburg Pike, Vienna, VA 22182, which is also the mailing address of the firm. An additional office of the firm is in Rochester, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-760-7600 or by fax 703-760-8900. The normal business hours are 9 am to 4 pm on Monday - Friday. You can find more information about the New York firm at variantprivatewealth.com/approach.html.