Verity Investments, Inc. (Durham)


Verity Investments, Inc. is a large advisory firm based in Durham. It manages $286.9 million of regulatory assets for 3,976 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, Arkansas, Florida, and 14 other states.

Verity Investments provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Verity Investments: assets under management

The assets under management (AUM) of Verity Investments, Inc. is $286.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 289% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $286.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $72.16 thousand each.
Verity Investments has custody of $237.27 thousand in cash and securities for 33 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Verity Investments, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Verity Investments, Inc.

Gordon Thomas Wegwart has been acting as President since 1 Sep 1996. Sean Jennings Mcgill joined the executive team most recently as the Vice President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Verity Asset Management Parent company 1 Jul 1996 75% - 100% 56-1981689
Amy Louise Simonson Vice president/chief financial officer 1 Jul 1996 Other 2326511
Jeff Alan Munsey Vice president 1 Jul 1996 Other 2777033
Inc. Verity Financial Group Parent company 1 Jul 1996 75% - 100% 56-1981689
Gordon Thomas Wegwart President/executive rep/chief compliance officer 1 Sep 1996 Other 1108685
Sean Jennings Mcgill Vice president 1 Sep 1996 Other 2325931

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Gordon Thomas Wegwart Shareholder 1 Jul 1996 25% - 50% 1108685
Sean Jennings Mcgill Shareholder 1 Jul 1996 25% - 50% 2325931

Based in Durham

The principal office where Verity Investments, Inc. performs its advisory services is located at 280 S. Mangum Street, Durham, NC 27701, which is also the mailing address of the firm. An additional office of the firm is in Wilmington, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 919-490-6717 or by fax 919-489-8939. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.verityinvest.com.