Wealth manager, independent · Durham, NC
Verity Asset Management
Verity Asset Management, Inc. · SEC-registered investment adviser · CRD 158667 · SEC 801-66730
At a glance
Verity Asset Management is an SEC-registered investment adviser based in Durham, North Carolina, with $1.2B in regulatory assets under management as of its Form ADV filed June 5, 2026. It reports 5,803 individual clients, 201 of them high-net-worth, holding an average of about $0.1 million each, and 77 employees. That ranks it 953rd among the nation’s 5,657 independent wealth management RIAs and 22nd of 160 in North Carolina. It reports 3 custodians for its clients’ separately managed accounts: Axos, Fidelity and TIAA.
Main office 919-490-6717verityinvest.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.2B
- Rank among independent wealth managers
- #953 of 5,657
- Rank among all SEC RIAs
- #4,956 of 17,210
- Rank in North Carolina
- #22 of 160
- Individual clients
- 5,803
- High-net-worth clients
- 201
- Accounts
- 7,603
- Discretionary
- 100% of AUM
- Employees
- 77
- Advisory staff
- 54
- Offices
- 11
Owners and executives on its Form ADV
- Gordon T. WegwartPresident/chief Compliance Officer/chief Investment Officer
- Sean J. McGillVice President / Director of Advisor Services
- Amy L. SimonsonVice President/finance and Operations
- Jeff A. MunseyVice President
Custody and brokerage
Broker-dealer
Hybrid RIA
Verity Asset Management is a hybrid RIA: 26 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Corecap Investments, LLC, The Leaders Group, Inc. and Verity Investments, Inc..
- Corecap Investments, LLC ↗CRD 37068
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
- The Leaders Group, Inc. ↗CRD 37157
- Verity Investments, Inc. ↗CRD 41527
Its Form ADV brochure (filed June 2026) names Verity Investments as the broker-dealer its advisers are registered with.
stment Advisor Representatives of our Firm, certain management personnel of our Firm may be Registered Representatives of Verity Investments, Inc., our affiliated broker-dealer, or may be licensed as agents for various insurance companies.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 201 | $434M | 38% |
| Individuals | 5,602 | $412M | 36% |
| Other investment advisers | 14 | $186M | 16% |
| Investment companies | 1 | $91M | 8% |
| Pension and profit sharing plans | 17 | $31M | 3% |
| Corporations or other businesses | 3 | $0M | <1% |
Disciplinary disclosures
Verity Asset Management answers yes to 4 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗verityinvest.com ↗
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The full record on Verity Asset Management
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 3,165 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in North Carolina
All of North Carolina →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Arbor Investment AdvisorsWinston Salem | $1.3B | 471 |
| Hamilton Point Investment Advisors, LLCChapel Hill | $1.2B | 239 |
| Founders Financial Alliance, LLCRaleigh | $1.2B | 2,354 |
| Laurel Wealth Advisors, LLCCharlotte | $1.1B | 520 |
| Providence Capital Advisors, LLCCharlotte | $1.1B | 424 |
| Cardinal Capital Management IncRaleigh | $1.0B | 287 |
Background
Questions
How much does Verity Asset Management manage?
Verity Asset Management reports $1.2B in regulatory assets under management across 7,603 accounts, 100% of it on a discretionary basis, on its Form ADV filed June 5, 2026.
How many clients does Verity Asset Management have?
It reports 5,803 individual clients: 201 high-net-worth individuals and 5,602 other individuals. Individuals account for about 73% of its regulatory assets.
Where is Verity Asset Management headquartered?
Its main office is in Durham, North Carolina. It reports 11 offices in total and 77 employees, 54 of whom perform investment advisory functions.
How does Verity Asset Management charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Verity Asset Management use?
It reports 3 custodians for its clients’ separately managed accounts: Axos, Fidelity and TIAA. On Schedule D of its Form ADV filed June 5, 2026, it reports these amounts held: Axos ($404M); Fidelity ($267M); TIAA ($205M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Verity Asset Management a hybrid RIA with a broker-dealer?
Verity Asset Management is a hybrid RIA: 26 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Corecap Investments, LLC, The Leaders Group, Inc. and Verity Investments, Inc.. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Verity Asset Management a fiduciary?
As an SEC-registered investment adviser, Verity Asset Management owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 26 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Verity Asset Management’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-05), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →