Verus Advisory, Inc. (Seattle)

Name: Verus Advisory, Inc.
Address: 800 Fifth Avenue, Seattle, WA, 98104
Telephone: 206-622-3700

Verus Advisory, Inc. is a large advisory firm based in Seattle. It manages $4.76 billion of regulatory assets for 58 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Oregon, and Washington.

Verus Advisory provides portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Verus Advisory: assets under management

The assets under management (AUM) of Verus Advisory, Inc. is $4.76 billion. The firm's AUM has gone down by -77% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.21 billion in discretionary accounts and $1.55 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $178.44 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $38.69 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% of the firm’s portfolio. Investments in exchange traded securities form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Verus Advisory, 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.

What kind of clients Jeffrey James Maclean serves?

The firm provides services to charitable organizations, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Jeffrey James Maclean is corporations or other businesses with 10 clients and $2.46 billion of assets under management. Among the 11 most similar advisory firms, Verus Advisory has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $4.76 billion for 33 clients. 1% of the firm’s clients are foreign persons or businesses.

Verus Advisory doesn't advise any private funds.

Careers at Verus Advisory, Inc.

The company employs 76 people that are either part- or full-time employees. 96 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jeffrey James Maclean has been acting as President since 1 Aug 2001. Ian M Toner joined the executive team most recently as the Chief Investment Officer, Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey James Maclean	Director/ceo/shareholder	1 Aug 2001	Other	1899100
Angela Joy Swensen	Treasurer/shareholder	1 Dec 2005	Other	5079658
Shelly Jean Heier	Director/president/senior consultant/shareholder	1 Jan 2007	Other	4795455
Scott Jerome Whalen	Evp/senior consultant/shareholder	1 Jan 2007	Other	4570046
Jeffrey Carl Scott	Cio of verus holdings company, shareholder of verus holdings company, manager of verus investors, llc (relying advisor)	1 Sep 2011	Other	5084217
Verus Holdings Company	Shareholder	1 Apr 2012	75% - 100%	80-0819413
Llc Jcs Advisors	Member of verus investors, llc (relying advisor)	1 Apr 2012	50% - 75%	20-8860037
Kraig Stuart Mccoy	Chief financial officer	1 Nov 2013	Other	4964737
Warren R Spencer	Chief compliance officer	1 Nov 2014	Other	6473731
Barry Walter Dennis	Director	1 Jan 2016	Other	1191610
Ian M Toner	Chief investment officer, shareholder	1 Jul 2017	Other	6931792

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey James Maclean	Shareholder	1 Apr 2012	50% - 75%	1899100
Jeffrey Carl Scott	Member and manager	1 Apr 2012	50% - 75%	5084217

Based in Seattle

The principal office where Verus Advisory, Inc. performs its advisory services is located at 800 Fifth Avenue, Seattle, WA 98104, which is also the mailing address of the firm. An additional office of the firm is in El Segundo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206-622-3700 or by fax 206-622-0548. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at verusinvestments.com.