We believe that an important principle of investing wisely is having a long-term horizon – ideally one that extends to future generations. As such, we have developed a wealth management process that is designed to plan and invest in such a way we serve the needs of our clients during their lifetime while preserving and building principal and income generation capability for future generations. Our wealth management process encompasses four main components:
We believe that an investment strategy should be designed to help you achieve your dreams and aspirations, that just getting by is not enough. We want to help you envision and live your ideal future–for you, your family, and your family’s families. That’s why we begin each client relationship with a listening and envisioning session designed to give us a chance to listen and get to know you better. Our goal is to draw out your hopes and views on key issues like your retirement, your family, and your legacy.
We believe that peace of mind comes from knowing where you want to go and having a sound plan for getting there. We will help you develop a well thought out plan to achieve your goals. This plan may include how much you need to save, how much you can afford to spend, how much you can comfortably withdraw from your portfolio, what type of insurance you need to protect against unforeseen risk, steps for tax and estate planning, ways to give back, and ways to educate your children about wealth and investing in their future.
We have developed an investment approach that is intended to enable you to achieve your objectives and finance the life you envision while still being able to sleep well at night. Our experience has taught us that the key to making this possible is structuring a portfolio that delivers significant current income, annual income growth, and long-term capital appreciation while remaining mindful of the importance of preserving capital in down markets.
We have found that the best way to achieve these objectives simultaneously is to invest in a highly diversified portfolio of companies that increase their dividends to shareholders every year. If you don’t need to take any withdrawals from your portfolio, we can reinvest the dividends as additional savings. If you do need to take withdrawals, we can use the dividends to make distributions without eating into your principal. Either way, the objective is for you to get a “raise” every year in the form of increased dividend income.
This “dividend growth” approach forms the core of each client portfolio. Based on your specific goals and circumstances, we can add other investments, such as bonds, real estate, foreign investments, and oil and gas pipelines. See “Investment Solutions” for more information about our investment approach.
We understand that it is hard to stay calm when the stock market is down and the news media is touting the crisis of the day. We also understand that it is hard to find someone you can trust in an over-hyped and self-interested financial services industry.
We will serve as your advisor and help you navigate challenges as they come up to help ensure that you achieve your goals with confidence and peace of mind. Additionally, since conditions and assumptions change, we will meet with you to re-envision and re-plan as needed.
Who We Serve
We serve people who are looking for growth and income from their investments as well as a long-term relationship with a trusted adviser. Whether individual investors, couples or families, our clients are people who care deeply about their financial future. They have decided to hire an investment professional to help them plan their future and manage their investments, so that they can live their life with peace of mind and have time to do the things they love to do. Our clients tend to be patient and conservative investors with a long-term perspective and a desire not to spend each day worrying about the ups and downs of the stock market.
We appreciate the opportunity to serve and educate our clients’ families, and our intention is to serve as a trusted adviser to our clients during their entire lifetime as well as for future generations. In order to provide our clients with the personal attention and focus they deserve, we limit the number of families we serve. Our clients typically have, or expect to have, investment assets of $2 million or more.
Professionals and Business Owners
Many of our clients are business owners or professionals such as veterinarians, dentists, attorneys and physicians who tend to have very hectic lifestyles. We have found that they need someone to help organize, plan and manage their financial lives. These clients generally have an income stream that is directly tied to the number of hours they work. We help them develop a passive income stream from their investments that will grow each year and that is not tied to hours worked. When this passive income stream increases to the point that it can fund their lifestyle, then their work hours become optional.
Individuals & Couples Planning for Retirement
We work with individuals and couples who are saving for retirement as well as those who are already retired and looking for a way to finance their retirement lifestyle. We develop a financial plan and construct dividend growth portfolios in both cases, but for clients who are still saving and don’t need the income, we reinvest the dividends. This dividend reinvestment serves as another source of savings. For clients who need to take distributions from their portfolio, the dividend income can be distributed monthly to meet their living expenses. We set up a money link that enables a fixed amount of cash to be transferred to their checking account each month.
Women in Transition
We have found that the women we work with tend to be different from men when it comes to investing. They like the idea of a conservative investment approach that is straight forward and that is designed to generate a growing income stream each year, regardless of what the stock market is doing. Peace of mind tends to be more important to them than beating a market index. They also tell us that they like having a trusted advisor to help them plan for their future and navigate life’s twists and turns.
Recipients of Sudden Wealth
Many of our clients have acquired their wealth suddenly due to the death of a spouse or parent or from an insurance or divorce settlement. Receiving sudden wealth can provide new opportunities, but it also brings up many questions. How should the money be invested so that it can be passed onto future generations but still benefit the current recipient? How should we think about our financial future now that we have these additional assets? We have found that our investment approach is very helpful in these situations because generally these clients want to be stewards of the wealth they have acquired and preserve the principal rather than spend it. The growing dividend income stream from the portfolio can be used to make distributions to the current generation while preserving the principal for future generations.
Here are some of the most frequently asked questions. If you need additional information, contact us at firstname.lastname@example.org or 843 379-6661.
As a client of Verity Investment Partners (VIP), who actually holds my assets?
When you work with us, your portfolio will be held in your account and in your name by an independent and well-established custodian such as Charles Schwab Institutional. The custodian provides monthly statements as well as internet access to your account 24/7. Having an independent custodian provides a check and balance by separating the management of your investment account from the custody of your account.
Is VIP registered with the SEC?
Yes, Verity Investment Partners is an SEC registered investment advisory firm under the name Verity & Verity, LLC.
How does VIP charge for services?
We are a fee-only firm, and our annual fee is generally 1.0% of assets under management.
Is there an account or relationship minimum?
Our minimum account size is generally $1 million though we reserve the ability to make exceptions in certain situations – particularly in cases where the beginning amount is less, but the longer term intent is to add to the portfolio.
How do I get started?
In order for you to assess whether our approach is right for you, we invite you to set up an initial consultation so that we can better understand your current financial situation and your future investment objectives. Based on this information, we can provide an assessment of your existing investment portfolio in terms of how well it addresses your objectives, and we can identify what we would do differently. Our objective is to get to know you and to give you enough information about us and how we would approach your investments, so that we can each make an informed decision as to whether it would be mutually beneficial to work together.