AdvisorCensus / Financial advisors / Virginia / Richmond / Verus Financial Partners
Verus Financial Partners
Filed as VERUS FINANCIAL PARTNERS · Legal name Verus Financial Partners, Inc.
Verus Financial Partners is an SEC-registered investment advisory firm in Richmond, VA, registered since 1992, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 18, 2026.
Quick answers
From the filingHow is Verus Financial Partners compensated?
On its Form ADV (Item 5.E, October 2026), Verus Financial Partners reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
What does Verus Financial Partners' brochure say about its fees?
Its Form ADV Part 2A brochure dated March 18, 2026 states: Up to $500,000: 1.5% a year; $500,001 to $1,000,000: 1.25% a year; $1,000,001 to $2,500,000: 1% a year; $2,500,001 to $4,000,000: 0.85% a year; $4,000,001 to $5,500,000: 0.75% a year; $5,500,001 to $7,000,000: 0.7% a year; $7,000,001 to $8,500,000: 0.65% a year; $8,500,001 to $10,000,000: 0.6% a year; Above $10,000,001: 0.55% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Verus Financial Partners located?
Verus Financial Partners' principal office is in Richmond, VA, according to its Form ADV.
Is Verus Financial Partners registered with the SEC or a state?
Verus Financial Partners is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 106744.
How much does Verus Financial Partners manage?
Verus Financial Partners reports $1,181,875,242 in regulatory assets under management in its Form ADV filing dated May 18, 2026 (100% discretionary).
How have Verus Financial Partners' assets and staff changed since 2021?
In the Form ADV data for Verus Financial Partners: Regulatory assets under management: $855,349,922 in the October 2021 data and $1,181,875,242 in the October 2026 data, up 38%. Total employees: 17 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Verus Financial Partners serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (371); high net worth individuals (265).
Which custodians does Verus Financial Partners use?
Verus Financial Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Verus Financial Partners 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/106744
Does Verus Financial Partners state an account minimum?
Its Form ADV Part 2A brochure dated March 18, 2026 says: "The Registrant generally requires a portfolio minimum asset level of $1,000,000 for investment advisory services. The Registrant, in its sole discretion, may reduce or waive its minimum portfolio requirement."
What changed in Verus Financial Partners' recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $1,004,534,117 to $1,181,875,242 (+18%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2A| Assets | Annual rate |
|---|---|
| Up to $500,000 | 1.5% |
| $500,001 to $1,000,000 | 1.25% |
| $1,000,001 to $2,500,000 | 1% |
| $2,500,001 to $4,000,000 | 0.85% |
| $4,000,001 to $5,500,000 | 0.75% |
| $5,500,001 to $7,000,000 | 0.7% |
| $7,000,001 to $8,500,000 | 0.65% |
| $8,500,001 to $10,000,000 | 0.6% |
| Above $10,000,001 | 0.55% |
The brochure's wording
Generally (with exceptions at the discretion of the Registrant) the Registrant’s annual fee is based upon a percentage of the assets placed under the Registrant’s management per the following fee schedule: Assets Under Management Fee Rate $0 to $500,000 1.50% $500,001 to $1,000,000 1.25% $1,000,001 to $2,500,000: 1.00%; $2,500,001 to $4,000,000: 0.85%; $4,000,001 to $5,500,000: 0.75%; $5,500,001 to $7,000,000: 0.70%; $7,000,001 to $8,500,000: 0.65%; $8,500,001 to $10,000,000: 0.60%; Above $ $10,000,001: 0.55%
Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
The Registrant generally requires a portfolio minimum asset level of $1,000,000 for investment advisory services. The Registrant, in its sole discretion, may reduce or waive its minimum portfolio requirement.
As stated in the firm's Form ADV Part 2A brochure dated March 18, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,181,875,242 as of October 2026, filing dated May 18, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Legal name
- Verus Financial Partners, Inc.
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1992 (34 years)
- Employees
- Total: 21. Performing investment advisory functions: 12.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
15 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,181,875,242 | 21 | May 18, 2026 |
| October 2025 | $1,004,534,117 | 21 | March 27, 2025 |
| October 2024 | $920,759,221 | 20 | September 19, 2024 |
| October 2023 | $837,027,897 | 17 | September 21, 2023 |
| October 2022 | $983,047,963 | 18 | June 13, 2022 |
| October 2021 | $855,349,922 | 17 | July 2, 2021 |
Regulatory assets under management: $855,349,922 in the October 2021 data and $1,181,875,242 in the October 2026 data, up 38%.
Total employees: 17 in October 2021 and 21 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $1,004,534,117 to $1,181,875,242 (+18%).
- December 2025
- Registered or notice-filed in GA, MA.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Verus Financial Partners (CRD 106744): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/verus-financial-partners-richmond-va-106744