Virtus Wealth Solutions
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$550,653,734
Clients
307
Advisors
3
of 6 employees
About
Virtus Wealth Solutions provides financial planning and asset management to a range of clients, including individual (both non‑HNW and high‑net‑worth) investors, pension and profit‑sharing plans, charitable organizations, and corporations. Services include discretionary portfolio management, comprehensive financial planning, retirement plan consulting and participant advice, and access to a broad set of investments such as mutual funds, ETFs, individual securities, insurance products, private placements and other alternative investments.
Advisors work from client‑specific information on assets, goals and risk tolerance to construct asset allocation strategies and typically manage accounts on a discretionary basis with ongoing monitoring and at least annual reviews. The firm offers both fee‑for‑service consulting and managed account options and uses third‑party platform programs (Commonwealth’s PPS Custom/Select/Direct programs and LPL’s Strategic Wealth Management) alongside in‑house advice and model or third‑party strategies.
Distinctive features include acting as a wrap fee program sponsor through Commonwealth and absorbing certain platform or trade costs for PPS Custom accounts, a capability that is uncommon among similar team firms. The firm manages roughly $595 million in client assets and discloses formal service and compensation arrangements with Commonwealth and LPL, including advisor transition loans tied to continued affiliation after Commonwealth’s acquisition by LPL, which it identifies as a potential conflict of interest.
Client services
Expertise
Occupation focus
Fee options
Flat or fixed fees for consulting engagements and Retirement Plan Consulting
$0 - $500,000: 1.50% $500,001 - $1,000,000: 1.25% $1,000,001 - $2,000,000: 1.00% $2,000,001+: 0.75%
Up to $500 per hour for consulting services
Account minimum: $1,000,000 Minimum fee: Commonwealth PPS Select program minimum annual program fee of $600 ($150 quarterly) for certain accounts Fee-only: Wealth Management Consulting: negotiable annual fee or hourly up to $500; Retirement Plan Consulting: negotiable annual fee based on assets under advisement or flat fee or hourly up to $500; Plan Participant Consulting: fee schedule with annual fees varying by account size
Main office
517 Centennial Avenue, Suite 200
Cranford NJ 07016
Advisors at this office
3
Most active in
Arizona · California · Delaware · Florida · Maryland · New Jersey · New York · North Carolina · Pennsylvania · South Carolina · Texas · Virginia
Also doing business as
Innovative Financial Solutions Nj, LLC · Virtus Wealth Solutions
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Devang P
CFP®, Series 63, Series 65
Cranford, NJ
Virtus Wealth Solutions
Devang Patel is a CFP® professional with 24 years of experience in financial advising. He is currently with Virtus Wealth Solutions and previously worked at Commonwealth Financial Network and Mass Mutual Investors Services. Outside of his advisory work, he is a general partner in a film production venture, Chyna Project Partners. Virtus Wealth Solutions provides financial planning and asset management services to individual investors, pension plans, charitable organizations, and corporations. The firm offers discretionary portfolio management and comprehensive planning using a range of investment options and operates both fee-for-service and managed account programs.
Hirbod A
Series 63, Series 65
Cranford, NJ
Virtus Wealth Solutions
Hirbod Azmi is a financial advisor at Virtus Wealth Solutions with 18 years of industry experience. He holds Series 63 and Series 65 designations and has worked at several firms, including METLIFE Securities Inc and Massachusetts Mutual Life Insurance Company. Outside of finance, he is a general partner in Chyna Project Partners, a film production company. Virtus Wealth Solutions serves individual and high-net-worth clients, pension plans, charitable organizations, and businesses, offering financial planning, asset management, and consulting. The firm manages portfolios using multiple analytical approaches and provides access to a range of securities and alternative investments, including private placements and insurance products.
Dorota W
ChFC®, Series 63, Series 65
Cranford, NJ
Virtus Wealth Solutions
Dorota Warchol is a financial advisor at Virtus Wealth Solutions with 30 years of industry experience. She holds the ChFC® designation along with Series 63 and 65 licenses. Her prior experience includes roles at MetLife Securities Inc., Metropolitan Life Insurance Company, Mass Mutual Investors Services, and Commonwealth Financial Network. Warchol serves on the boards of the nonprofit organizations Blue Parasol Home Care and PSC Community Services. Virtus Wealth Solutions provides financial planning and asset management to a diverse client base, including individuals, pension plans, charitable organizations, and corporations. The firm offers discretionary portfolio management, comprehensive financial planning, and access to a broad range of investment products, utilizing both third-party platforms and in-house strategies.
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