Verger Capital Management LLC (Winston Salem)

Name: Verger Capital Management LLC
Address: 1834 Wake Forest Road, Winston Salem, NC, 27106
Telephone: 336-758-4240

Verger Capital Management LLC is a large advisory firm based in Winston Salem. It manages $1.65 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of North Carolina.

Verger Capital Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Verger Capital Management: assets under management

The assets under management (AUM) of Verger Capital Management LLC is $1.65 billion. The firm's AUM has grown by 45% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.61 billion in discretionary accounts and $38.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $134.09 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $19.29 million.

Verger Capital Management has custody of $1.38 billion in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is derivatives, which make up 47% of the firm’s portfolio. Investments in other assets form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Verger Capital Management LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Peter Garfield Duncan serves?

The only and largest group of clients of Peter Garfield Duncan is pooled investment vehicles with 3 clients and $1.38 billion of assets under management. Among the 9 most similar advisory firms, Verger Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.38 billion for 3 clients. None of the firm’s clients are foreign persons or businesses.

Verger Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Verger Capital Management LLC

The company employs 13 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Peter Garfield Duncan has been acting as President since 1 May 2016. Carol A. Mcfate joined the executive team most recently as the Member, Board Of Managers.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wake Forest University	Sole member	1 Oct 2013	75% - 100%	56-0532138
James J Dunn	Chief executive officer, chief investment officer	1 Oct 2013	Other	2719819
Craig Thomas	Vice president, treasurer, managing director	1 Oct 2013	Other	6331383
Vicki J West	Vice president, secretary, chief operating officer	1 Oct 2013	Other	4213038
David Wright Dupree	Member, board of managers	1 Oct 2013	Other	1180421
James R Helvey	Member, board of managers	1 Oct 2013	Other	5156968
Craig O Thomas	Vice president, treasurer, managing director	1 Oct 2013	Other	6331383
John I Bitove	Member, board of managers	1 Oct 2013	Other	6331399
Thomas Ware Bunn	Member, board of managers	1 Oct 2013	Other	2319189
Frederick W Eubank	Member, board of managers	1 Oct 2013	Other	5915812
Frank Brown Holding	Member, board of managers	1 Oct 2013	Other	2989068
James Reid Morgan	Assistant secretary	1 Oct 2013	Other	6331731
Adelaide Alexander Sink	Member, board of managers	1 Jun 2014	Other	5953225
Steven S Reinemund	Member, board of managers	1 Jun 2014	Other	3086586
Bruce Hofler Milam	Member, board of managers	1 Jun 2014	Other	6390863
Peter Craig Brockway	Member, board of managers	1 Jun 2014	Other	1623336
Benjamin Conrad Sutton	Member, board of managers	1 Jun 2014	Other	6390865
James Thomas Williams	Member, board of managers	1 Jun 2014	Other	6390866
James Fielding Miller	Member, board of managers	1 Sep 2014	Other	1587301
Beverly Jean Langley	Chief compliance officer	1 Dec 2014	Other	1195340
Peter Garfield Duncan	President	1 May 2016	Other	4721012
Michael Jerard Selverian	Member, board of managers	1 Jul 2017	Other	1263955
Michael Jirard Selverian	Member, board of managers	1 Jul 2017	Other	1263955
Jeffrey Michael Manning	Chief financial officer	1 May 2019	Other	7121252
Carol A. Mcfate	Member, board of managers	1 Jul 2019	Other	4352261

Based in Winston Salem

The principal office where Verger Capital Management LLC performs its advisory services is located at 1834 Wake Forest Road, Winston Salem, NC 27106 The mailing address of the firm is P.O. Box 7354, Winston Salem, NC 27109 7354. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 336-758-4240 or by fax 336-758-4241. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at vergercapital.com.