Wealth manager, independent · Richmond, VA
Verus Financial Partners
Verus Financial Partners, Inc. · SEC-registered investment adviser · CRD 106744 · SEC 801-41983
At a glance
Verus Financial Partners is an SEC-registered investment adviser based in Richmond, Virginia, with $1.2B in regulatory assets under management as of its Form ADV filed May 18, 2026. It reports 636 individual clients, 265 of them high-net-worth, holding an average of about $1.9 million each, and 21 employees. That ranks it 925th among the nation’s 5,657 independent wealth management RIAs and 29th of 151 in Virginia. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 804-592-3465verusfinancialpartners.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.2B
- Rank among independent wealth managers
- #925 of 5,657
- Rank among all SEC RIAs
- #4,889 of 17,210
- Rank in Virginia
- #29 of 151
- Individual clients
- 636
- High-net-worth clients
- 265
- Accounts
- 1,935
- Discretionary
- 100% of AUM
- Employees
- 21
- Advisory staff
- 12
- Offices
- 2
Owners and executives on its Form ADV
- David A. KozlowskiPresident
- Julie A. WaitmanSR. Vice President, Chief Compliance Officer
- Edward L HoppeSR. Vice President
- William J. LagosSR. Vice President
- Brian J. WelchVice President
Custody and brokerage
Broker-dealer
No broker-dealer ties
Verus Financial Partners reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 265 | $909M | 77% |
| Individuals | 371 | $273M | 23% |
Disciplinary disclosures
Verus Financial Partners reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗verusfinancialpartners.com ↗
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The full record on Verus Financial Partners
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 3,087 peers of its type and size
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- Owners and executives, with titles and stakes
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- 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 Virginia
All of Virginia →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Canal Capital Management, LLCRichmond | $1.3B | 390 |
| Northwest Financial Advisors LLCHerndon | $1.2B | 1,908 |
| Graves Light LenhartHarrisonburg | $1.2B | 403 |
| Concord Wealth PartnersAbingdon | $1.1B | 1,232 |
| Yeske Buie Inc.Vienna | $1.1B | 466 |
| Alpha Omega Wealth Management, LLCRichmond | $1.0B | 473 |
Background
Questions
How much does Verus Financial Partners manage?
Verus Financial Partners reports $1.2B in regulatory assets under management across 1,935 accounts, 100% of it on a discretionary basis, on its Form ADV filed May 18, 2026.
How many clients does Verus Financial Partners have?
It reports 636 individual clients: 265 high-net-worth individuals and 371 other individuals. Individuals account for about 100% of its regulatory assets.
Where is Verus Financial Partners headquartered?
Its main office is in Richmond, Virginia. It reports 2 offices in total and 21 employees, 12 of whom perform investment advisory functions.
How does Verus Financial Partners charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; 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 Verus Financial Partners use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed May 18, 2026, it reports these amounts held: Charles Schwab ($1.2B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Verus Financial Partners a hybrid RIA with a broker-dealer?
Verus Financial Partners reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Verus Financial Partners a fiduciary?
As an SEC-registered investment adviser, Verus Financial Partners owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Verus Financial Partners’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 (2026-05-18), 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 →