{"url":"https://nivawealth.com/firms/veritas-wealth-management-341084","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/341084","regulatoryAum":219866414,"crd":"341084","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5430557","suffix":null,"lastName":"ABBOOD","firstName":"MICHAEL","middleName":"SAMUEL"},{"crd":"6335780","suffix":null,"lastName":"ABBOOD","firstName":"THOMAS","middleName":"SAMUEL"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"secFileNumber":"801-136200","legalName":"Veritas Wealth Management LLC","displayName":"Veritas Wealth 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Services","feeBasis":"whole_balance","fee_tiers":[{"to":1000000,"pct":1.25,"from":0},{"to":2500000,"pct":1,"from":1000000},{"to":5000000,"pct":0.85,"from":2500000},{"to":null,"pct":0.65,"from":5000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051748","versionId":1051748,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-07-15","documentName":"07 15 2026 VWM FORM ADV 2A AND B FINAL","fee_rate_low":0.65,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning","summary":"Financial planning is a fixed fee typically ranging from $1,500 to $6,000, or an hourly fee of up to $350 per hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051748","versionId":1051748,"submittedOn":"2026-07-15","documentName":"07 15 2026 VWM FORM ADV 2A AND B FINAL"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T18:16:17.590691+00:00","documents":[{"name":"07 15 2026 VWM FORM ADV 2A AND B FINAL","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051748","versionId":1051748,"submittedOn":"2026-07-15"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":213866414}],"custodyNote":"Veritas Wealth Management does not have custody of client assets.","leadership":[{"name":"Thomas Abbood","title":"Chief Compliance Officer, Principal and Wealth Advisor","crd":"6335780"},{"name":"Michael Abbood","title":"Principal and Wealth Advisor","crd":"5430557"}],"ownership":[{"label":"Michael Abbood","detail":"Principal and wealth advisor in the 50% to 75% ownership band and a control person, since May 2023."},{"label":"Thomas Abbood","detail":"Chief compliance officer, principal and wealth advisor in the 50% to 75% ownership band and a control person, since May 2023."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Rhode Island","offices":1,"addresses":[{"street":"1130 Ten Rod Road, Suite E207","city":"North Kingstown","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"401-296-3606","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":21},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or 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They include 139 individual clients and 83 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 19 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Veritas Wealth Management offer?","answer":"Veritas Wealth Management provides financial planning and portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Veritas Wealth Management charge?","answer":"Veritas Wealth Management charges 0.65%–1.25% a year for its Wealth Management Services. The whole portfolio is charged at the rate of its band. The fee is billed in advance and is negotiable.","source":"07 15 2026 VWM FORM ADV 2A AND B FINAL, filed 15 July 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Veritas Wealth Management use?","answer":"Veritas Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $214M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Veritas Wealth Management have?","answer":"Veritas Wealth Management has 2 investment adviser representatives registered with state securities authorities, out of 4 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Veritas Wealth Management invest in?","answer":"At the end of its last fiscal year, Veritas Wealth Management’s separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 21% exchange-traded equities, 2% cash and equivalents, 1% state and local bonds 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Veritas Wealth Management?","answer":"Veritas Wealth Management’s direct owners are Michael Abbood (50% to 75%) and Thomas Abbood (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 19 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Veritas Wealth Management get paid?","answer":"Veritas Wealth Management 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Veritas Wealth Management registered with the SEC?","answer":"Yes, Veritas Wealth Management has been registered with the SEC as an investment adviser since 7 May 2026. Its CRD number is 341084 and its SEC file number is 801-136200.","source":"Form ADV Part 1A, Item 1, filed 19 August 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Veritas Wealth Management?","answer":"Veritas Wealth Management’s main office is at 1130 Ten Rod Road, Suite E207, North Kingstown, RI 02852. Its phone number is 401-296-3606. Its website is veritaswealthri.com.","source":"Form ADV Part 1A, Item 1.F, filed 19 August 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"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."}