Vicus Capital, Inc
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Overview
Vicus Capital, Inc is a financial advisory firm headquartered in State College, Pennsylvania. Vicus Capital, Inc controls $2.0 billion in assets under management across 8,080 accounts, making it one of the biggest financial advisory firms in the nation by assets under management (AUM). The firm has an average-sized group, including 87 financial advisors. Vicus Capital, Inc does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal assets like options, bonds and stocks.
Vicus Capital, Inc manages more than half of the firm's accounts on a discretionary basis. Discretionary management means that transaction decisions are made by an investment advisor without requiring client permission. It also manages 549 non-discretionary accounts with a total of $145.1 million in AUM. Vicus Capital, Inc's average account size is $249,353. The average financial advisor at Vicus Capital, Inc administers around 93 client accounts.
The company's main office is located at 476 Rolling Ridge Drive, State College, Pennsylvania 16801. Vicus Capital, Inc is legally allowed to serve clients across 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Vicus Capital, Inc by the Numbers
$2.0 billion
87
8,080
$249.4 thousand
Products and Services
Vicus Capital, Inc offers a variety of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers and educational seminars. In the last financial year, the company provided 251-500 of its customers with financial planning services. The company is involved in selling products or offering services different than investment advisory services to its customers. The company also has a number of financial industry affiliations, including with an accountant or accounting firm, insurance company or agency and pension consultant.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees largely depend on which services are offered. Fees billed by the firm likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company does business with a broad range of customers. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 8,080 customers, Vicus Capital, Inc's biggest client group by number of accounts is retail investors, though it also caters to 1,583 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are non-U.S. persons.
- High-Net-Worth Individuals* - 29.52%
- Other Individuals - 68.65%
- Corporations - 1.79%
- Charitable Organizations - 0.04%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Vicus Capital, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Vicus Capital, Inc
State College, PA
Bridgewater, NJ
New York, NY
State College, PA
State College, PA
Lakewood, PA
State College, PA
State College, PA
State College, PA
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