# Verger Capital Management

> Verger Capital Management is an SEC-registered investment advisory firm in Winston-Salem, NC, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 21, 2026.

- CRD: 170125
- Filed as: VERGER CAPITAL MANAGEMENT
- Legal name: Verger Capital Management LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Winston-Salem, NC
- Filing period: October 2026
- Form ADV filing dated: July 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/170125
- AdvisorCensus page: https://advisorcensus.com/firm/verger-capital-management-winston-salem-nc-170125

## Quick answers

**How is Verger Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Verger Capital Management reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Verger Capital Management located?**
Verger Capital Management's principal office is in Winston-Salem, NC, according to its Form ADV.

**Is Verger Capital Management registered with the SEC or a state?**
Verger Capital Management is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 170125.

**How much does Verger Capital Management manage?**
Verger Capital Management reports $3,283,723,489 in regulatory assets under management in its Form ADV filing dated July 21, 2026 (100% discretionary).

**How have Verger Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Verger Capital Management: Regulatory assets under management: $1,951,485,308 in the October 2021 data and $3,283,723,489 in the October 2026 data, up 68%. Total employees: 15 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Verger Capital Management serve?**
By number of clients on Form ADV Item 5.D: other (7); pooled investment vehicles (other than investment companies and business development companies) (3).

**Which custodians does Verger Capital Management use?**
Verger Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fifth Third Bank, Morgan Stanley, National Financial Services and Northern Trust as custodians holding 10% or more of its separately managed account assets.

**Does Verger Capital Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/170125

**What changed in Verger Capital Management's recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fifth Third Bank
- Morgan Stanley
- National Financial Services
- Northern Trust

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $3,283,723,489
- Discretionary: $3,271,503,603
- Non-discretionary: $12,219,886

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $2,837,194,954 |
| Other | 7 | $446,528,535 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2014 (12 years)
- Employees: 18 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- linked.in/COM/COMPANY/VERGER-CAPITAL-MANAGEMENT LLC
- vergercapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,951,485,308 | 15 | August 6, 2021 |
| October 2022 | $2,382,627,323 | 13 | August 5, 2022 |
| October 2023 | $2,370,595,894 | 15 | August 29, 2023 |
| October 2024 | $2,659,803,874 | 16 | August 1, 2024 |
| October 2025 | $2,874,867,075 | 17 | March 18, 2025 |
| October 2026 | $3,283,723,489 | 18 | July 21, 2026 |

Regulatory assets under management: $1,951,485,308 in the October 2021 data and $3,283,723,489 in the October 2026 data, up 68%.
Total employees: 15 in October 2021 and 18 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $2,874,867,075 to $3,283,723,489 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Verger Capital Management (CRD 170125): Form ADV filing data as of October 2026.