Vestia Advisors, LLC is a large advisory firm based in Fort Wayne. It manages $323.83 million of regulatory assets for 2,745 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Arizona, California, and 16 other states.
Vestia Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Vestia Advisors, LLC is $323.83 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -4% 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 Vestia Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Vestia Advisors is high net worth individuals with 98 clients and $195.49 million of assets under management. Among the 12 most similar advisory firms, Vestia Advisors has the 6th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $323.83 million for 497 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Vestia Advisors doesn't advise any private funds.
The company employs 15 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 9 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.
The principal office where Vestia Advisors, LLC performs its advisory services is located at 9121 Illinois Road, Fort Wayne, IN 46804, which is also the mailing address of the firm. An additional office of the firm is in Indianapolis, IN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 877-669-1126. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at vestiaadvisors.com.