V3Limited provides portfolio management for individuals and small businesses and selecting other managers.
V3Limited reports 57 clients. They include 50 high-net-worth individuals, 6 corporations and other businesses, and 1 other investment adviser. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $122M across 57 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 88% | 99% |
| Other investment advisers | 2% | 0% |
| Corporations and other businesses | 11% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 50 | $121M | 98.9% | $2.42M |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | $0 |
| Corporations and other businesses | 6 | $1.38M | 1.1% | $231K |
| Total | 57 | $122M | 100% | — |
- Clients
- 50
- Regulatory AUM
- $121M
- AUM share
- 98.9%
- Avg. per client
- $2.42M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
- Clients
- 6
- Regulatory AUM
- $1.38M
- AUM share
- 1.1%
- Avg. per client
- $231K
Total
- Clients
- 57
- Regulatory AUM
- $122M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
V3Limited is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and performance-based fees. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Timothy Wray owns 50% to 75% of V3Limited. The leadership team of V3Limited includes Chief Compliance Officer Todd Kellerman. It has 2 employees.
Leadership
Todd KellermanPrincipal and Chief Compliance Officer
Timothy WrayPrincipal
Staff
- 2 employees
- 2 in advisory functions
- Owns 50% to 75% of V3limited LLC
Timothy Wray
Control person · since November 2013
- Owns 50% to 75% of V3limited LLC
Todd Kellerman
Control person · since November 2013
V3Limited’s regulatory assets fell from $157M (April 2021) to $122M (March 2026); clients were 57 in both filings and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $122M | 57 | 2 | 2 |
| March 2025 | $143M | 59 | 2 | 2 |
| March 2024 | $147M | 61 | 2 | 2 |
| March 2023 | $138M | 61 | 2 | 2 |
| May 2022 | $149M | 56 | 2 | 1 |
| April 2021 | $157M | 55 | 2 | 2 |
Besides its headquarters, V3Limited has 1 office, with 2 listed addresses in Arizona and Pennsylvania.
Arizona · 1 listed address
- 4742 N 24th Street, Phoenix
Pennsylvania · 1 listed address
- 150 North Radnor Chester Road, Suite F-200, RadnorHQ
Contact and registration details
- Legal name
- V3limited LLC
- Headquarters
- 150 North Radnor Chester Road, Suite F-200, Radnor, PA 19087
- Website
- v3-limited.com
- Phone
- 610-989-7200
- SEC file
- 801-78846
- Structure
- Delaware LLC
- Fiscal year end
- December
V3Limited uses Fidelity ($44.6M, 47%), Merrill Lynch, Pierce, Fenner & Smith ($37.4M, 40%) and Fidelity ($12.7M, 13%) as custodians for its separately managed accounts. V3Limited does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Boston, MA · $44.6M47%
- FidelityNational Financial Services LLC · Boston, MA · $12.7M13%
- Merrill Lynch, Pierce, Fenner & SmithMerrill Lynch, Pierce, Fenner & Smith Incorporated · New York, NY · $37.4M40%
At year end, V3Limited’s separately managed accounts were largely in stocks (40%) and funds (40%).
What the accounts hold
- Stocks40%
- Funds40%
- Pooled vehicles36%
- Registered funds4%
- Bonds17%
- State and local bonds16%
- Investment grade corporate bonds1%
- Cash3%
How many clients does V3Limited have?
V3Limited has 57 clients and manages $122 million for them, as of March 2026. They include 50 high-net-worth individuals, 6 corporations and other businesses, and 1 other investment adviser.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does V3Limited offer?
V3Limited provides portfolio management for individuals and small businesses and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does V3Limited use?
V3Limited’s separately managed account assets are held at Fidelity Brokerage Services LLC (Boston, MA), with $44.6M, Merrill Lynch, Pierce, Fenner & Smith Incorporated (New York, NY), with $37.4M and National Financial Services LLC (Boston, MA), with $12.7M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does V3Limited have?
V3Limited has 0 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does V3Limited invest in?
At the end of its last fiscal year, V3Limited’s separately managed accounts held 40% exchange-traded equities, 36% pooled vehicles (private funds and similar), 16% state and local bonds, 4% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns V3Limited?
V3Limited’s direct owners are Timothy Wray (50% to 75%) and Todd Kellerman (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does V3Limited get paid?
V3Limited is paid through a percentage of assets under management, hourly charges, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is V3Limited registered with the SEC?
Yes, V3Limited has been registered with the SEC as an investment adviser since 6 December 2013. Its CRD number is 169624 and its SEC file number is 801-78846.
Source: Form ADV Part 1A, Item 1, filed 31 March 2026; IAPD firm record
How do I contact V3Limited?
V3Limited’s main office is at 150 North Radnor Chester Road, Suite F-200, Radnor, PA 19087. Its phone number is 610-989-7200. Its website is v3-limited.com.