Verdant, LLC (Sitka)

Name: Verdant, LLC
Address: 504 Charteris Street, Sitka, AK, 99835
Telephone: 907-463-5511

Verdant, LLC is a large advisory firm based in Sitka. It manages $111.93 million of regulatory assets for 225 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Alaska.

Verdant provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Verdant: assets under management

The assets under management (AUM) of Verdant, LLC is $111.93 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $104.01 million in discretionary accounts and $7.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $597.76 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $155.2 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is government bonds, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Verdant, LLC for their services and products based on a percentage of assets under management 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.

What kind of clients Verdant serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Verdant is high net worth individuals with 36 clients and $96.54 million of assets under management. Among the 5 most similar advisory firms, Verdant has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $111.42 million for 61 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.

Verdant doesn't advise any private funds.

Careers at Verdant, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Samuel Dwight Skaggs	Investment advisor	1 Apr 1995	75% - 100%	2608789
Amy Louise Volz	Chief compliance officer	1 Sep 2007	Other	5425404

Based in Sitka

The principal office where Verdant, LLC performs its advisory services is located at 504 Charteris Street, Sitka, AK 99835 The mailing address of the firm is 504 Charteris Street, Sitka, AK 99835. An additional office of the firm is in Juneau, AK. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 907-463-5511. The normal business hours are 0900-1600 on Monday - Friday. You can find more information about the New York firm at verdantmoney.com.