Verus Investment Advisory Group, Inc. (Appleton)

Name: Verus Investment Advisory Group, Inc.
Address: 5765 W. Grande Market Drive, Appleton, WI, 54913
Telephone: (920) 882-5299

Verus Investment Advisory Group, Inc. is a large advisory firm based in Appleton. It manages $111.49 million of regulatory assets for 347 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Wisconsin.

Verus Investment Advisory Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, publication of newsletters, educational seminars and workshops, and investment consulting. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Verus Investment Advisory Group: assets under management

The assets under management (AUM) of Verus Investment Advisory Group, Inc. is $111.49 million. The firm's AUM has grown by 24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $108.72 million in discretionary accounts and $2.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $315.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.38 million.

Investments

The firm invests in investment and business development companies the most. They account for 94% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Verus Investment Advisory Group, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Thomas John Suttner serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Thomas John Suttner is high net worth individuals with 46 clients and $79.15 million of assets under management. Among the 12 most similar advisory firms, Verus Investment Advisory Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $108.72 million for 115 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.

Verus Investment Advisory Group doesn't advise any private funds.

Careers at Verus Investment Advisory Group, Inc.

The company employs 2 people that are either part- or full-time employees. 50 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.

Thomas John Suttner has been acting as President since 1 Mar 2009. James Robert Allan joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas John Suttner	President/ chief compliance officer	1 Mar 2009	75% - 100%	2104792
James Robert Allan	Vice president	1 Mar 2009	50% - 75%	1189422

Based in Appleton

The principal office where Verus Investment Advisory Group, Inc. performs its advisory services is located at 5765 W. Grande Market Drive, Appleton, WI 54913, 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 (920) 882-5299. The normal business hours are m-th 8:00am - 4:00pm; fri 8am-3pm on Monday - Friday. You can find more information about the New York firm at twitter.com/verusinvadv.