Skaneateles, NY Office

Verum Partners provides customized wealth management services and sponsors a wrap-fee program described as an appendix to its Disclosure Brochure. The firm’s client base is principally high-net-worth individuals, families, trusts and estates, and its services include discretionary portfolio management alongside financial planning.

The firm commonly engages Independent Managers for all or portions of client portfolios while retaining responsibility for initial policy recommendations, ongoing oversight and due diligence; clients also have direct access to Verum’s portfolio managers. Verum’s wrap-fee structure bundles securities transaction costs and the firm discloses institutional custody relationships with Schwab and Fidelity that provide technology, research and other support.

Verum’s use of client testimonials in advertising is an uncommon practice among similar multi-team advisers and is notable alongside its other disclosures. The firm also discloses that it does not accept proxy-voting responsibility (clients receive proxy materials directly) and that it receives various non-client-facing benefits from custodians, which it identifies as potential conflicts addressed through its Code of Ethics and client disclosures.