{"url":"https://nivawealth.com/firms/verger-capital-management-170125","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/170125","regulatoryAum":3283723489,"crd":"170125","history":[{"filedOn":"2021-04-08","regulatoryAum":1951485308,"clients":11,"employees":15,"offices":1},{"filedOn":"2022-04-12","regulatoryAum":2382627323,"clients":11,"employees":13,"offices":1},{"filedOn":"2023-03-14","regulatoryAum":2370595894,"clients":11,"employees":15,"offices":1},{"filedOn":"2024-03-18","regulatoryAum":2659803874,"clients":10,"employees":16,"offices":1},{"filedOn":"2025-03-18","regulatoryAum":2874867075,"clients":10,"employees":17,"offices":1},{"filedOn":"2026-07-21","regulatoryAum":3283723489,"clients":10,"employees":18,"offices":1}],"secFileNumber":"801-79726","legalName":"Verger Capital Management LLC","displayName":"Verger Capital Management","slug":"verger-capital-management-170125","website":"https://vergercapital.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/170125/8a73b99a23b03cc7-r1.webp","tone":"light","width":662,"height":200,"sourceUrl":"https://vergercapital.com/","sourceLabel":"Verger Capital Management, website"},"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"751 W. Fourth St., Suite 410","city":"Winston-Salem","state":"NC","stateName":"North Carolina","country":"United States","postalCode":"27101"},"tradeNames":[],"registration":{"secApproved":"5 June 2014","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":18,"advisory":7,"brokerDealerReps":2,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":3283723489,"discretionary":3271503603,"discretionaryAccounts":10,"nonDiscretionary":12219886,"nonDiscretionaryAccounts":1,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":3,"regulatoryAum":2837194954},{"label":"Other","clients":7,"regulatoryAum":446528535}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Fidelity Brokerage Services","shortName":"Fidelity","location":"Boston, MA","smaAssets":162466051},{"name":"The Northern Trust Company","shortName":"The Northern Trust","location":"Chicago, IL","smaAssets":234931788},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":12219885},{"name":"Morgan Stanley Smith Barney LLC","shortName":"Morgan Stanley","location":"New York, NY","smaAssets":21892483},{"name":"Fifth Third Bank, National Association","shortName":"Fifth Third Bank, National Association","location":"Cincinnati, OH","smaAssets":15018325}],"custodyNote":"Verger Capital Management has custody of $2.84B in client assets for 3 clients.","otherCustodians":[],"leadership":[{"name":"James Dunn","title":"Chief Executive Officer","crd":"2719819"},{"name":"Craig Thomas","title":"Vice President (10/2013), Treasurer (10/2013), Chief Investment Officer (07/2023)","crd":"6331383"},{"name":"Vicki West","title":"Vice President (10/2013), Secretary (10/2013), Chief Operating Officer(04/2014)","crd":"4213038"},{"name":"Jeffrey Manning","title":"Chief Financial Officer","crd":"7121252"},{"name":"Scott Reckamp","title":"Chief Compliance Officer","crd":"3194998"},{"name":"Michael Carter","title":"Member, Board of Managers","crd":"2309560"},{"name":"Matthew Crawford","title":"Member, Board of Managers","crd":"6043954"},{"name":"John Culbertson","title":"Member, Board of Managers","crd":"1706520"},{"name":"Kelly Demeester","title":"Member, Board of Managers","crd":"5740328"},{"name":"Matthew King","title":"Member, Board of Managers","crd":"6049903"},{"name":"Erik Lisher","title":"Member, Board of Managers","crd":"4558601"},{"name":"James O'Connell","title":"Member, Board of Managers","crd":"7803630"},{"name":"Jacqueline Travisano","title":"Member, Board of Managers","crd":"7803629"}],"ownership":[{"label":"Wake Forest University","detail":"Member in the 75% or more ownership band and a control person, since October 2013."},{"label":"James Dunn","detail":"Chief executive officer in the 10% to 25% ownership band and a control person, since October 2013."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"North Carolina","offices":1,"addresses":[{"street":"751 W. Fourth St., Suite 410","city":"Winston-Salem","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"336-934-4101","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":78},{"label":"Securities issued by registered investment companies or business development companies","percent":16},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":4,"detail":"Private Investment Funds"}],"privateFunds":1},"sources":{"adv1FilingDate":"21 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/170125/PDF/170125.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Verger Capital Management have?","answer":"Verger Capital Management has 10 clients and manages $3.28 billion for them, as of July 2026. They include 7 other clients and 3 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 21 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Verger Capital Management offer?","answer":"Verger Capital Management provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Verger Capital Management use?","answer":"Verger Capital Management’s separately managed account assets are held at The Northern Trust Company (Chicago, IL), with $235M, Fidelity Brokerage Services (Boston, MA), with $162M, Morgan Stanley Smith Barney LLC (New York, NY), with $21.9M, Fifth Third Bank, National Association (Cincinnati, OH), with $15M and Charles Schwab & Co., Inc. (San Francisco, CA), with $12.2M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Verger Capital Management have?","answer":"Verger Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 18 employees, and 7 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 0 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Verger Capital Management invest in?","answer":"At the end of its last fiscal year, Verger Capital Management’s separately managed accounts held 78% exchange-traded equities, 16% registered funds (mutual funds, ETFs, BDCs), 4% other and 2% cash and equivalents. The 4% other category is described as: Private Investment Funds. It advises 1 private fund.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Verger Capital Management?","answer":"Verger Capital Management’s direct owners are Wake Forest University (75% or more) and James Dunn (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 21 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Verger Capital Management get paid?","answer":"Verger Capital Management is paid through a percentage of assets under management. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Verger Capital Management?","answer":"Verger Capital Management’s main office is at 751 W. Fourth St., Suite 410, Winston-Salem, NC 27101. Its phone number is 336-934-4101. Its website is vergercapital.com.","source":"Form ADV Part 1A, Item 1.F, filed 21 July 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/verger-capital-management-170125/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-28","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1627417/000117266126002891/0001172661-26-002891-index.html","totalValue":341363992,"positionCount":13,"top10Share":0.9890220876020221,"top10":[{"issuer":"ISHARES TR","titleOfClass":"MSCI ACWI ETF","cusip":"464288257","value":88090557,"shares":561194,"shareType":"SH","priorValue":83598036,"priorShares":604163},{"issuer":"ISHARES TR","titleOfClass":"CORE US AGGBD ET","cusip":"464287226","value":58660012,"shares":592645,"shareType":"SH","priorValue":69339505,"priorShares":698494},{"issuer":"STATE STR SPDR S&P 500 ETF T","titleOfClass":"TR UNIT","cusip":"78462F103","value":49451858,"shares":66221,"shareType":"SH","priorValue":43520522,"priorShares":66919},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P500 ETF","cusip":"464287200","value":32515220,"shares":43418,"shareType":"SH","priorValue":29699420,"priorShares":45466},{"issuer":"ISHARES TR","titleOfClass":"MSCI EAFE ETF","cusip":"464287465","value":30903686,"shares":297494,"shareType":"SH","priorValue":29745912,"priorShares":306248},{"issuer":"ISHARES TR","titleOfClass":"GLOBAL ENERG ETF","cusip":"464287341","value":28019840,"shares":570320,"shareType":"SH","priorValue":32544502,"priorShares":564910},{"issuer":"ISHARES TR","titleOfClass":"MSCI EMG MKT ETF","cusip":"464287234","value":17026221,"shares":248885,"shareType":"SH","priorValue":14391615,"priorShares":253418},{"issuer":"ISHARES GOLD TR","titleOfClass":"ISHARES NEW","cusip":"464285204","value":16901403,"shares":223830,"shareType":"SH","priorValue":18783634,"priorShares":213063},{"issuer":"ISHARES TR","titleOfClass":"TIPS BD ETF","cusip":"464287176","value":13580795,"shares":124105,"shareType":"SH","priorValue":10947230,"priorShares":99195},{"issuer":"VANECK ETF TRUST","titleOfClass":"GOLD MINERS ETF","cusip":"92189F106","value":2466936,"shares":32696,"shareType":"SH","priorValue":2900051,"priorShares":31601}],"positionsListed":13,"positions":[{"issuer":"ISHARES TR","titleOfClass":"MSCI ACWI ETF","cusip":"464288257","value":88090557,"shares":561194,"shareType":"SH","priorValue":83598036,"priorShares":604163},{"issuer":"ISHARES TR","titleOfClass":"CORE US AGGBD ET","cusip":"464287226","value":58660012,"shares":592645,"shareType":"SH","priorValue":69339505,"priorShares":698494},{"issuer":"STATE STR SPDR S&P 500 ETF T","titleOfClass":"TR UNIT","cusip":"78462F103","value":49451858,"shares":66221,"shareType":"SH","priorValue":43520522,"priorShares":66919},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P500 ETF","cusip":"464287200","value":32515220,"shares":43418,"shareType":"SH","priorValue":29699420,"priorShares":45466},{"issuer":"ISHARES TR","titleOfClass":"MSCI EAFE ETF","cusip":"464287465","value":30903686,"shares":297494,"shareType":"SH","priorValue":29745912,"priorShares":306248},{"issuer":"ISHARES TR","titleOfClass":"GLOBAL ENERG ETF","cusip":"464287341","value":28019840,"shares":570320,"shareType":"SH","priorValue":32544502,"priorShares":564910},{"issuer":"ISHARES TR","titleOfClass":"MSCI EMG MKT ETF","cusip":"464287234","value":17026221,"shares":248885,"shareType":"SH","priorValue":14391615,"priorShares":253418},{"issuer":"ISHARES GOLD TR","titleOfClass":"ISHARES NEW","cusip":"464285204","value":16901403,"shares":223830,"shareType":"SH","priorValue":18783634,"priorShares":213063},{"issuer":"ISHARES TR","titleOfClass":"TIPS BD ETF","cusip":"464287176","value":13580795,"shares":124105,"shareType":"SH","priorValue":10947230,"priorShares":99195},{"issuer":"VANECK ETF TRUST","titleOfClass":"GOLD MINERS ETF","cusip":"92189F106","value":2466936,"shares":32696,"shareType":"SH","priorValue":2900051,"priorShares":31601},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"S&P500 EQL WGT","cusip":"46137V357","value":1857800,"shares":8731,"shareType":"SH","priorValue":1669377,"priorShares":8698},{"issuer":"ISHARES TR","titleOfClass":"3 7 YR TREAS BD","cusip":"464288661","value":1421318,"shares":12101,"shareType":"SH","priorValue":1541548,"priorShares":12997},{"issuer":"ISHARES INC","titleOfClass":"MSCI JAPAN ETF","cusip":"46434G822","value":468346,"shares":5021,"shareType":"SH","priorValue":518898,"priorShares":6145}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}