Verity Asset Management, Inc.
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 158667
· SEC file 801-66730
· Durham, NC
· www.verityinvest.com
☆ Save with Pro
ADV data as of Jun 05, 2026
- Regulatory AUM
- $1.2B
- Discretionary
- $1.2B
- Clients
- 5,838
- Avg AUM / client
- $198K
- Accounts
- 7,603
- Employees
- 77
AUM over time
$287M
$1.2B
Nov 2011
Jun 2026
Annual snapshots from Form ADV filings · as of Jun 05, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 5,602 | $412M | 35.7% |
| High net worth individuals | 201 | $434M | 37.6% |
| Investment companies | 1 | $91.0M | 7.89% |
| Pension and profit sharing plans | 17 | $31.4M | 2.72% |
| Other investment advisers | 14 | $186M | 16.1% |
| Corporations and other businesses | 3 | $214K | 0.02% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Elon University Defined Contribution Plan Elon University | 2024 | |
| William Peace University Retirement Plan William Peace University | 2024 |
People (55)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Amy Louise Simonson | Vice President/Finance And Operations | Jul 1996 (30y) | Less than 5% | |
| Gordon Thomas Wegwart | President/Chief Compliance Officer/Chief Investment Officer | Jul 1996 (30y) | ≈ 18.75% – 50% via Verity Financial Group, Inc. | |
| Munsey, Jeff, Alan | Vice President | Jul 1996 (30y) | Less than 5% | |
| Sean Jennings Mcgill | Vice President / Director Of Advisor Services | Sep 1996 (30y) | Less than 5% | |
| Allen Neal Huggins | Registered representative | Jul 2011 (15y) | ||
| Brian Richard Kurtzer | Registered representative | Jul 2011 (15y) | ||
| Christopher Charles Bolles | Registered representative | Jul 2011 (15y) | ||
| Jeffrey Charles Potter | Registered representative | Jul 2011 (15y) | ||
| Kurt Charles Hollar | Registered representative | Jul 2011 (15y) | ||
| Kurt Douglas Preble | Registered representative | Jul 2011 (15y) | ||
| Lorren Manton Bryant | Registered representative | CFP | Jul 2011 (15y) | |
| Malcolm Mceachern Trevillian | Registered representative | CFA | Jul 2011 (15y) | |
| Michael Lee De Camillis | Registered representative | Jul 2011 (15y) | ||
| Peter Gerard Klas | Registered representative | Jul 2011 (15y) | ||
| Steven James Lewis | Registered representative | Jul 2011 (15y) | ||
| William Russell Hopwood | Registered representative | Jul 2011 (15y) | ||
| Ronald Wiatt Gibbs | Registered representative | Apr 2012 (14y) | ||
| Brad Nolan Corbett | Registered representative | Sep 2014 (12y) | ||
| John Clinton Rudd | Registered representative | Jul 2017 (9y) | ||
| Gregory Komsky | Registered representative | Nov 2017 (9y) | ||
| Daniel Krause | Registered representative | Mar 2018 (8y) | ||
| Albert John Otto | Registered representative | Jun 2018 (8y) | ||
| Conrad Thomas Walker | Registered representative | Aug 2018 (8y) | ||
| Eric Lowell Anderson | Registered representative | Aug 2018 (8y) | ||
| Erik James Ne Ville | Registered representative | Jan 2019 (8y) | ||
| John Glenn Davis | Registered representative | Mar 2019 (7y) | ||
| William Melvin Durham | Registered representative | CFP | Jun 2019 (7y) | |
| Kc Jack Trace | Registered representative | Sep 2019 (7y) | ||
| Christopher Michael Harrison | Registered representative | CFP | Mar 2020 (6y) | |
| Ellen Beaman Bailey | Registered representative | CFP | Jul 2020 (6y) | |
| Michael Raymond Hazen | Registered representative | Oct 2020 (6y) | ||
| Richard Cecchi | Registered representative | Mar 2021 (5y) | ||
| David Michael Cox | Registered representative | Apr 2021 (5y) | ||
| Michael N Timofeeff | Registered representative | Apr 2021 (5y) | ||
| Jacqueline Ann Mallinson | Registered representative | Oct 2021 (5y) | ||
| Raymond Adam Menna | Registered representative | CFP | Oct 2021 (5y) | |
| Rachel Alexandra Gentz | Registered representative | Nov 2021 (5y) | ||
| Nickolas Le Moes | Registered representative | Jan 2022 (5y) | ||
| Sujatha Reddy Avutu | Registered representative | CFA | Jan 2022 (5y) | |
| Clayton Andrew Fillian | Registered representative | Apr 2023 (3y) | ||
| Randy Allan Olfers | Registered representative | Jul 2023 (3y) | ||
| Karen Denise Ferrell | Registered representative | Oct 2023 (3y) | ||
| Logan Richard Harris | Registered representative | Dec 2023 (3y) | ||
| John Lee Martin | Registered representative | Personal Financial Specialist | Feb 2024 (2y) | |
| Wesley Byron Ratelle | Registered representative | Mar 2024 (2y) | ||
| Gary Louis D'alessio | Registered representative | Mar 2024 (2y) | ||
| Jo Beth Mullens | Registered representative | Apr 2024 (2y) | ||
| Victor Michael Sanchez | Registered representative | May 2024 (2y) | ||
| Caeleb Jack Trace | Registered representative | Aug 2024 (2y) | ||
| Todd Jason Steck | Registered representative | Aug 2025 (1y) | ||
| Gerardo Vergara | Registered representative | CFP | Dec 2025 (1y) | |
| Dominik Luiz Machado | Registered representative | Dec 2025 (1y) | ||
| James Lucas Bischoff | Registered representative | May 2026 (0y) | ||
| James Barry Mallinson | Registered representative | Jun 2026 (0y) | ||
| Jason Paul Gollhofer | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Verity Financial Group, Inc. | Parent Company | Jul 1996 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Gordon Thomas Wegwart: 25% – 50% of Verity Financial Group, Inc. × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Elon University Defined Contribution Plan | Elon University | 1,712 | $324M | 01/01/2024 |
| William Peace University Retirement Plan | William Peace University | 136 | $22.7M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/05/2026 | 1.54 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
This firm answered "yes" to a disciplinary item on its latest filing. Detailed disclosure pages for this filing have not been imported yet — see the source filing below.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- Axos Clearing $404M (35% of AUM) Jun 2026
- Fidelity Investments $267M (23% of AUM) Jun 2026
- E*TRADE (Morgan Stanley) $256M (39% of AUM) Dec 2021
- Tiaa $205M (18% of AUM) Jun 2026
- Trust Company Of America $200M (47% of AUM) Jan 2019
- Charles Schwab & Co. $27.7M (6% of AUM) Nov 2019
- Jefferson National Financial $1.6M (0% of AUM) Nov 2019
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 05, 2026.
View current Form ADV (SEC/IAPD) ↗