Virtue Capital Management, LLC (Brentwood)

Name: Virtue Capital Management, LLC
Address: 6 Cadillac Dr., Brentwood, TN, 37027
Telephone: 615-340-0801

Virtue Capital Management, LLC is a large advisory firm based in Brentwood. It manages $465.24 million of regulatory assets for 5,825 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 37 other states.

Virtue Capital Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Virtue Capital Management: assets under management

The assets under management (AUM) of Virtue Capital Management, LLC is $465.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 7276% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $465.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $79.87 thousand each.

Virtue Capital Management has custody of $456.24 million in cash and securities for 3,915 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Virtue Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Virtue Capital Management serves?

The firm provides services to individuals and other investment advisers. The largest group of clients of Virtue Capital Management is individuals with 3,915 clients and $465.24 million of assets under management. Among the 13 most similar advisory firms, Virtue Capital Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $465.24 million for 4,015 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.

Virtue Capital Management doesn't advise any private funds.

Careers at Virtue Capital Management, LLC

The company employs 118 people that are either part- or full-time employees. 87 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Virtue Financial Holdings	Owner	1 Jun 2013	75% - 100%	26-3276886
Producers Equity Group	Owner	1 Jun 2013	75% - 100%	26-3276886
Jeremy Matthew Rettich	Managing member	1 Aug 2013	Other	5080812
Matthew John Rettich	Manager; chief compliance officer	1 Aug 2013	Other	2998288
Llc Virtue Financial Holdings	Sole member	1 Jan 2014	75% - 100%	47-3005932
Jason Russell Moore	Chief compliance officer	1 Jul 2014	Other	4092012
Renee Elizabeth Lucas	Chief compliance officer	1 Sep 2016	Other	6010603
Anthony Wayne Sheffield	Chief compliance officer	1 Feb 2018	Other	4618240
Renee Elizabeth Lucas	Chief compliance officer	1 Oct 2018	Other	6010603
Jeffrey Andrew Smith	Chief compliance officer	1 Feb 2019	Other	4926961

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Matthew John Rettich	Owner	1 Sep 2013	25% - 50%	2998288
Matthew John Rettich	Member	1 Jan 2014	25% - 50%	2998288
Jeremy Matthew Rettich	Managing member	1 Jan 2014	50% - 75%	5080812
Jeremy Matthew Rettich	Owner	1 Jun 2014	25% - 50%	5080812
Producers Equity Group	Sole member	1 Jun 2014	75% - 100%	26-3276886

Based in Brentwood

The principal office where Virtue Capital Management, LLC performs its advisory services is located at 6 Cadillac Dr., Brentwood, TN 37027, which is also the mailing address of the firm. An additional office of the firm is in Reading, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 615-340-0801 or by fax 615-340-0812. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at virtuecapitalmanagement.com.