Veris Wealth Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year. The firm advises 1 private fund.
Veris Wealth Partners reports 346 clients. They include 239 high-net-worth individuals, 77 individual clients and 30 charitable organizations. Of its assets, 94.3% ($2.69B across 2,230 accounts) are managed with discretion; $162M across 245 accounts are not. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 22% | 2% |
| High-net-worth individuals | 69% | 79% |
| Charitable organizations | 9% | 19% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 77 | $49.9M | 1.7% | $648K |
| High-net-worth individuals | 239 | $2.27B | 79.3% | $9.48M |
| Charitable organizations | 30 | $541M | 18.9% | $18M |
| Total | 346 | $2.86B | 100% | $8.26M |
- Clients
- 77
- Regulatory AUM
- $49.9M
- AUM share
- 1.7%
- Avg. per client
- $648K
- Clients
- 239
- Regulatory AUM
- $2.27B
- AUM share
- 79.3%
- Avg. per client
- $9.48M
- Clients
- 30
- Regulatory AUM
- $541M
- AUM share
- 18.9%
- Avg. per client
- $18M
Total
- Clients
- 346
- Regulatory AUM
- $2.86B
- AUM share
- 100%
- Avg. per client
- $8.26M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 251–500
Veris Wealth Partners charges 0.20%–1.00% a year for its Standard Veris Advisory Fee Schedule. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Stand-alone Financial Planning and Consulting
- Stand-alone planning and consulting is negotiable: fixed planning fees generally $2,500 to $10,000, fixed consulting fees $5,000 to $250,000, and hourly fees $250 to $1,000 per hour.
Stephanie Rupp is CEO; the leadership team includes Chief Investment Officer Michael Lent, Chief Operating Officer Sheryl Kucer and Chief Compliance Officer Richard Chen. It has 31 employees, 12 of them in advisory roles.
Leadership
- Stephanie RuppChief Executive Officer
- Michael LentChief Financial Officer & Co-Chief Investment Officer
- Sheryl KucerChief Operating Officer
- Richard ChenGeneral Counsel / Chief Compliance Officer
- Roraj PradhanangaCo-Chief Investment Officer
- Alison PyottChief Client Services Officer
- Nicole DavisSenior Wealth Manager
- Lori ChoiSenior Wealth Manager
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Leah Megan Beattie
- Richard Leeway Chen Esq.
- Lori Kim Choi
- Timothy P. Kingsbury
- Elena Viktorovna Ladygina
- Michael Lent
- Alison Lyn Pyott
- Jane Edith Swan
Staff
- 31 employees
- 12 in advisory functions
- 7 state-registered reps
- Owns 10% to 25% of Veris Wealth Partners, LLC
Michael Lent
Control person · since July 2007
- Owns 10% to 25% of Veris Wealth Partners, LLC
Nicole Davis
since January 2018
- Owns 10% to 25% of Veris Wealth Partners, LLC
Stephanie Rupp
Control person · since January 2021
- Owns 10% to 25% of Veris Wealth Partners, LLC
Alison Pyott
Control person · since August 2020
- Owns 10% to 25% of Veris Wealth Partners, LLC
Rosemont Investment Group, LLC
since January 2022
- Owns 75% or more of Rosemont Investment Group, LLC
Markel Ventures Inc.
Control person · since June 2018
- Owns 75% or more of Markel Ventures Inc.
Markel Corporation
Control person · since November 2005
- Owns 5% to 10% of Veris Wealth Partners, LLC
Lori Choi
since January 2018
- Owns 5% to 10% of Veris Wealth Partners, LLC
Richard Chen
Control person · since July 2020
Veris Wealth Partners’ regulatory assets grew 1.7× from $1.68B (April 2021) to $2.86B (March 2026); clients rose from 303 to 346 and employees from 22 to 31.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $2.86B | 346 | 31 | 5 |
| May 2025 | $2.26B | 342 | 31 | 5 |
| July 2024 | $2.02B | 363 | 29 | 5 |
| March 2023 | $1.79B | 355 | 25 | 4 |
| March 2022 | $2.12B | 349 | 24 | 3 |
| April 2021 | $1.68B | 303 | 22 | 3 |
Besides its headquarters, Veris Wealth Partners has 4 offices (1 private residence, listed without an address), with 4 listed addresses across 4 states.
California · 1 listed address
- 1111 Broadway, Suite 300, OaklandHQ
New Hampshire · 1 listed address
- 2 International Drive, Portsmouth
New York · 1 listed address
- 17 State Street, New York
Pennsylvania · 1 listed address
- 100 S Juniper St., Philadelphia
Contact and registration details
- Legal name
- Veris Wealth Partners, LLC
- Headquarters
- 1111 Broadway, Suite 300, Oakland, CA 94607
- Website
- veriswp.com
- Phone
- 415-814-0580
- @veris-wealth-partners
- SEC file
- 801-67966
- Structure
- Delaware LLC
- Fiscal year end
- December
Veris Wealth Partners uses Fidelity ($1.19B, 77%) and Charles Schwab ($361M, 23%) as custodians for its separately managed accounts. Veris Wealth Partners has custody of $891M in client assets for 294 clients.
- FidelityFidelity Distributors Company LLC · Covington, KY · $1.19B77%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $361M23%
At year end, Veris Wealth Partners’ separately managed accounts were mostly in stocks (52%) and bonds (21%).
What the accounts hold
- Stocks52%
- Funds19%
- Registered funds10%
- Pooled vehicles9%
- Bonds21%
- State and local bonds16%
- U.S. government and agency bonds2%
- Investment grade corporate bonds2%
- Sovereign bonds1%
- Cash8%
How many clients does Veris Wealth Partners have?
Veris Wealth Partners has 346 clients and manages $2.86 billion for them, as of March 2026. They include 239 high-net-worth individuals, 77 individual clients and 30 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026
What services does Veris Wealth Partners offer?
Veris Wealth Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Veris Wealth Partners charge?
Veris Wealth Partners charges 0.20%–1.00% a year for its Standard Veris Advisory Fee Schedule. The fee is billed in advance and is negotiable.
Which custodians does Veris Wealth Partners use?
Veris Wealth Partners’ separately managed account assets are held at Fidelity Distributors Company LLC (Covington, KY), with $1.19B and Charles Schwab & Co., Inc. (San Francisco, CA), with $361M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026
How many financial advisors does Veris Wealth Partners have?
Veris Wealth Partners has 7 investment adviser representatives registered with state securities authorities, out of 31 employees, and 12 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 Veris Wealth Partners invest in?
At the end of its last fiscal year, Veris Wealth Partners’ separately managed accounts held 52% exchange-traded equities, 16% state and local bonds, 10% registered funds (mutual funds, ETFs, BDCs), 9% pooled vehicles (private funds and similar), 8% cash and equivalents, 2% U.S. government and agency bonds, 2% investment grade corporate bonds and 1% sovereign bonds. 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
Who owns Veris Wealth Partners?
Veris Wealth Partners is owned through a chain of holding companies by Markel Corporation. Its direct owners are Michael Lent, Nicole Davis, Lori Choi, Stephanie Rupp, Richard Chen, Alison Pyott and Rosemont Investment Group, LLC, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 17 March 2026
How does Veris Wealth Partners get paid?
Veris Wealth Partners 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
Is Veris Wealth Partners registered with the SEC?
Yes, Veris Wealth Partners has been registered with the SEC as an investment adviser since 8 June 2007. Its CRD number is 143588 and its SEC file number is 801-67966.
Source: Form ADV Part 1A, Item 1, filed 17 March 2026; IAPD firm record
How do I contact Veris Wealth Partners?
Veris Wealth Partners’ main office is at 1111 Broadway, Suite 300, Oakland, CA 94607. Its phone number is 415-814-0580. Its website is veriswp.com.