Veteri Place Corporation is a large advisory firm based in Parsippany. It manages $207.26 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New Jersey.
Veteri Place Corporation provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Veteri Place Corporation is $207.26 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Veteri Place Corporation for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Lawrence Bruce Seidman is pooled investment vehicles with 8 clients and $207.26 million of assets under management. Among the 13 most similar advisory firms, Veteri Place Corporation has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $207.26 million for 8 clients. None of the firm’s clients are foreign persons or businesses.
Veteri Place Corporation also advises several private funds. Namely, eight hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.
The company employs 2 people that are either part- or full-time employees. 100 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Lawrence Bruce Seidman has been acting as President since 1 Jan 1995. Michael Lee Hammer joined the executive team most recently as the Chief Compliance Officer.
The principal office where Veteri Place Corporation performs its advisory services is located at 100 Lanidex Plaza, Parsippany, NJ 07054, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 973-952-0405 or by fax 973-781-0876. The normal business hours are 8:30am-5:00pm on Monday - Friday.