{
  "crd_number": 106744,
  "slug": "verus-financial-partners-richmond-va-106744",
  "primary_business_name": "VERUS FINANCIAL PARTNERS",
  "legal_name": "VERUS FINANCIAL PARTNERS, INC.",
  "dbas": [],
  "city": "Richmond",
  "state": "VA",
  "country": "United States",
  "cbsa_code": "40060",
  "metro": {
    "cbsa_code": "40060",
    "common_name": "Richmond",
    "msa_name": "Richmond, VA",
    "path": "/advisors/va/richmond"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1992-07-01",
  "years_registered": 34,
  "period": "2026-10-01",
  "filing_date": "2026-05-18",
  "carried_forward": false,
  "raum_total": 1181875242.0,
  "raum_discretionary": 1181875242.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 21,
  "advisory_employees": 12,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 273296105.0,
      "count": 371
    },
    "high_net_worth_individuals": {
      "raum": 908579137.0,
      "count": 265
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CO",
    "FL",
    "GA",
    "MA",
    "MD",
    "NC",
    "ND",
    "NE",
    "NH",
    "NY",
    "PA",
    "SC",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://facebook.com/profile.php?id=61584512378299",
    "https://instagram.com/verusfinancialpartners",
    "https://linkedin.com/company/verus-financial-partners",
    "https://verusfinancialpartners.com",
    "https://x.com/verusfp",
    "https://youtube.com/@verusfinancialpartnersinc.4254"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106744",
  "city_as_filed": "RICHMOND",
  "url": "https://advisorcensus.com/firm/verus-financial-partners-richmond-va-106744",
  "display_name": "Verus Financial Partners",
  "summary": "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.",
  "citation": "AdvisorCensus. Verus Financial Partners (CRD 106744): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Verus Financial Partners compensated?",
      "a": "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)."
    },
    {
      "q": "How much does Verus Financial Partners charge?",
      "a": "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."
    },
    {
      "q": "Where is Verus Financial Partners located?",
      "a": "Verus Financial Partners' principal office is in Richmond, VA, according to its Form ADV."
    },
    {
      "q": "Is Verus Financial Partners registered with the SEC or a state?",
      "a": "Verus Financial Partners is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 106744."
    },
    {
      "q": "How much does Verus Financial Partners manage?",
      "a": "Verus Financial Partners reports $1,181,875,242 in regulatory assets under management in its Form ADV filing dated May 18, 2026 (100% discretionary)."
    },
    {
      "q": "How have Verus Financial Partners' assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Verus Financial Partners serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (371); high net worth individuals (265)."
    },
    {
      "q": "Which custodians does Verus Financial Partners use?",
      "a": "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."
    },
    {
      "q": "Does Verus Financial Partners report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "Does Verus Financial Partners state an account minimum?",
      "a": "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.\""
    },
    {
      "q": "What changed in Verus Financial Partners' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $1,004,534,117 to $1,181,875,242 (+18%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 855349922.0,
      "total_employees": 17,
      "filing_date": "2021-07-02"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 983047963.0,
      "total_employees": 18,
      "filing_date": "2022-06-13"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 837027897.0,
      "total_employees": 17,
      "filing_date": "2023-09-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 920759221.0,
      "total_employees": 20,
      "filing_date": "2024-09-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1004534117.0,
      "total_employees": 21,
      "filing_date": "2025-03-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1181875242.0,
      "total_employees": 21,
      "filing_date": "2026-05-18"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $1,004,534,117 to $1,181,875,242 (+18%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in GA, MA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 18, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $500,000",
        "rate": "1.5%"
      },
      {
        "band": "$500,001 to $1,000,000",
        "rate": "1.25%"
      },
      {
        "band": "$1,000,001 to $2,500,000",
        "rate": "1%"
      },
      {
        "band": "$2,500,001 to $4,000,000",
        "rate": "0.85%"
      },
      {
        "band": "$4,000,001 to $5,500,000",
        "rate": "0.75%"
      },
      {
        "band": "$5,500,001 to $7,000,000",
        "rate": "0.7%"
      },
      {
        "band": "$7,000,001 to $8,500,000",
        "rate": "0.65%"
      },
      {
        "band": "$8,500,001 to $10,000,000",
        "rate": "0.6%"
      },
      {
        "band": "Above $10,000,001",
        "rate": "0.55%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "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"
        ],
        "quotes": [
          "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%"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "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."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 500000.0,
          "rate_pct": 1.5
        },
        {
          "min": 500001.0,
          "max": 1000000.0,
          "rate_pct": 1.25
        },
        {
          "min": 1000001.0,
          "max": 2500000.0,
          "rate_pct": 1.0
        },
        {
          "min": 2500001.0,
          "max": 4000000.0,
          "rate_pct": 0.85
        },
        {
          "min": 4000001.0,
          "max": 5500000.0,
          "rate_pct": 0.75
        },
        {
          "min": 5500001.0,
          "max": 7000000.0,
          "rate_pct": 0.7
        },
        {
          "min": 7000001.0,
          "max": 8500000.0,
          "rate_pct": 0.65
        },
        {
          "min": 8500001.0,
          "max": 10000000.0,
          "rate_pct": 0.6
        },
        {
          "min": 10000001.0,
          "max": null,
          "rate_pct": 0.55
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "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%",
      "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."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/verus-financial-partners-richmond-va-106744.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 371,
      "fewer_than_5": false,
      "raum": 273296105.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 265,
      "fewer_than_5": false,
      "raum": 908579137.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106744",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}