Variant Private Wealth provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 101–250 clients last fiscal year.
Variant Private Wealth reports 205 clients. They include 136 high-net-worth individuals, 62 individual clients, and 7 corporations and other businesses. Of its assets, 99.5% ($266M across 846 accounts) are managed with discretion; $1.42M across 5 accounts are not. A wrap fee program the firm both sponsors and manages holds $260M. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 30% | 8% |
| High-net-worth individuals | 66% | 91% |
| Corporations and other businesses | 3% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 62 | $20.1M | 7.5% | $324K |
| High-net-worth individuals | 136 | $244M | 91.3% | $1.8M |
| Corporations and other businesses | 7 | $3.07M | 1.1% | $439K |
| Total | 205 | $267M | 100% | $1.3M |
- Clients
- 62
- Regulatory AUM
- $20.1M
- AUM share
- 7.5%
- Avg. per client
- $324K
- Clients
- 136
- Regulatory AUM
- $244M
- AUM share
- 91.3%
- Avg. per client
- $1.8M
- Clients
- 7
- Regulatory AUM
- $3.07M
- AUM share
- 1.1%
- Avg. per client
- $439K
Total
- Clients
- 205
- Regulatory AUM
- $267M
- AUM share
- 100%
- Avg. per client
- $1.3M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Variant Private Wealth is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 4 other services, listed under fee details.
Fee details and sources
Other fees
- Comprehensive Wrap Asset Management
- Asset management with financial planning or consulting; annual rate from 2.00% on accounts under $249,999 down to 0.40% at $60 million and above.
- Financial Consulting
- Hourly at $350, billed in arrears.
- Financial Planning
- Fixed fee generally $750 to $10,000 per plan, or $350 an hour at the firm's discretion; a retainer of up to 50% may be requested.
- Wrap Asset Management
- Annual rate from 1.50% on accounts under $249,999 down to 0.30% at $60 million and above, billed monthly in arrears.
David Morgante owns 75% or more of Variant Private Wealth. It has 4 employees, 3 of them in advisory roles.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 insurance agent
- Owns 75% or more of Variant Private Wealth LLC
David Morgante
Control person · since June 2017
Variant Private Wealth’s regulatory assets grew 1.9× from $143M (April 2021) to $267M (September 2026); clients rose from 178 to 205 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Sep 2026September 2026 | $267M | 205 | 4 | 2 |
| Feb 2025February 2025 | $217M | 194 | 3 | 2 |
| Jul 2024July 2024 | $183M | 183 | 5 | 2 |
| Mar 2023March 2023 | $147M | 178 | 4 | 2 |
| Apr 2022April 2022 | $169M | 176 | 4 | 2 |
| Apr 2021April 2021 | $143M | 178 | 4 | 2 |
Besides its headquarters, Variant Private Wealth has 1 office, with 2 listed addresses across 2 states.
New York · 1 listed address
- 1200 Jefferson Street, Rochester
Virginia · 1 listed address
- 8350 Broad St., Suite 220, TysonsHQ
Contact and registration details
- Legal name
- Variant Private Wealth LLC
- Headquarters
- 8350 Broad St., Suite 220, Tysons, VA 22102
- Website
- variantprivatewealth.com
- Phone
- 703-760-7600
- @variant-private-wealth
- SEC file
- 801-110471
- Founded
- 2017
- Structure
- Virginia LLC
- Fiscal year end
- December
Variant Private Wealth’s named custodian for separately managed accounts is Fidelity ($260M). Variant Private Wealth has custody of $241M for 98 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $260M100%
At year end, Variant Private Wealth’s separately managed accounts were largely in stocks (38%) and bonds (35%). Its reported 13F holdings for the quarter ended 30 June 2026 total $88.9M across 42 positions; the largest are Apple Inc. (11.1%), iShares TR (8.2%) and Microsoft Corp. (6.5%).
What the accounts hold
- Stocks38%
- Funds10%
- Bonds35%
- Cash17%
How many clients does Variant Private Wealth have?
Variant Private Wealth has 205 clients and manages $267 million for them, as of September 2026. They include 136 high-net-worth individuals, 62 individual clients, and 7 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 September 2026
What services does Variant Private Wealth offer?
Variant Private Wealth provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Variant Private Wealth use?
Variant Private Wealth’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $260M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 September 2026
How many financial advisors does Variant Private Wealth have?
Variant Private Wealth has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Variant Private Wealth invest in?
At the end of its last fiscal year, Variant Private Wealth’s separately managed accounts held 38% exchange-traded equities, 35% investment grade corporate bonds, 17% cash and equivalents and 10% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Variant Private Wealth?
Variant Private Wealth’s direct owner is David Morgante (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 September 2026
How does Variant Private Wealth get paid?
Variant Private Wealth is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Variant Private Wealth?
Variant Private Wealth’s main office is at 8350 Broad St., Suite 220, Tysons, VA 22102. Its phone number is 703-760-7600. Its website is variantprivatewealth.com.