Vicus Capital, Inc. (State College)

Name: Vicus Capital, Inc.
Address: 476 Rolling Ridge Drive, State College, PA, 16801
Telephone: 855-558-4287

Vicus Capital, Inc. is a large advisory firm based in State College. It manages $1.53 billion of regulatory assets for 5,177 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Vicus Capital provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Vicus Capital: assets under management

The assets under management (AUM) of Vicus Capital, Inc. is $1.53 billion. The firm's AUM has grown by 46% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.22 billion in discretionary accounts and $309.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $270.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $468.63 thousand.

Investments

The firm invests in other assets the most. They account for 82% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vicus Capital, Inc. 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 Vicus Capital serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Vicus Capital is high net worth individuals with 849 clients and $825.54 million of assets under management. Among the 12 most similar advisory firms, Vicus Capital has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.53 billion for 3,717 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.

Vicus Capital doesn't advise any private funds.

Careers at Vicus Capital, Inc.

The company employs 78 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 78 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 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.

Hillary Ann Sunderland has served as the Chief Investment Officer since 1 Feb 2010. Jacqueline Nyree Clark Trezza joined the executive team most recently as the Vice President Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kimberli Jean Fleck	Chief compliance officer	1 Feb 2005	Other	4887751
Edward Kramer Dare	President and ceo	1 Feb 2009	75% - 100%	1041221
Eric Kramer Dare	Executive vice-president	1 Jan 2010	Other	4684045
Hillary Ann Sunderland	Chief investment officer	1 Feb 2010	Other	5224268
Dawn Ellen Kay	Vice president - finance	1 Jan 2014	Other	xxx-xx-xxxx
Matthew Peter Quinn	Chief investment officer	1 May 2016	Other	3077004
Jacqueline Nyree Clark Trezza	Vice president - operations	1 Jan 2018	Other	6577344

Based in State College

The principal office where Vicus Capital, Inc. performs its advisory services is located at 476 Rolling Ridge Drive, State College, PA 16801, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 855-558-4287 or by fax 814-235-3500. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at vicuscapital.com/ and its LinkedIn profile.