Vela Investment Management, LLC

CRD#306678
Investment Advisor Firm

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Learn more about Vela Investment Management, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Vela Investment Management, LLC is a financial advisory company that has its headquarters in New Albany, Ohio. The company controls $354.2 million in assets over 234 accounts, making it one of the bigger financial advisory firms in the country by assets under management (AUM). The company has a small team, including 13 financial advisors. Vela Investment Management, LLC is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets such as bonds, options and stocks.

    Vela Investment Management, LLC manages more than half of the firm's accounts in a discretionary manner. Discretionary management is a structure in which a portfolio manager makes transaction judgments for the client's account without requiring client consent. The company also manages two non-discretionary accounts totaling $325,809 in assets. The firm's typical account size is $1.5 million. The typical financial advisor at Vela Investment Management, LLC oversees around 18 client accounts, making it one of the more individualized financial advisor firms in the country.

    Vela Investment Management, LLC's central office is at 220 Market Street Suite 208, New Albany, Ohio 43054. Vela Investment Management, LLC is allowed to serve clients throughout a few states, including Colorado, Florida, Georgia and Ohio.

    Assets Under Management

    $354.2 million

    Number of Advisors

    13

    Disclosures

    No

    Office Location

    220 Market Street Suite 208
    New Albany, OH 43054

    Vela Investment Management, LLC by the Numbers

    Total Assets Under Management

    $354.2 million

    National Average: $8.6 billion
    Total Number of Employees

    24

    National Average: 64
    Total Number of Accounts

    234

    National Average: 375,227
    Average Account Size

    $1.5 million

    National Average: $23.0 thousand
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    Products and Services

    Vela Investment Management, LLC provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses and portfolio management for investment companies. Notably, it did not provide financial planning services to any of its clients in the last financial year. Vela Investment Management, LLC does not sell products or offer services other than investment advisory services to its investment advisory clients.

    Core Advisor Services

    • 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.

    • 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.

    • 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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    Fee Structure

    A financial advisor's fees largely depend on which services the firm provides the client. Fee types billed by the company can include the following fee types: asset-based, fixed, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Vela Investment Management, LLC.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Types of Clients

    The firm manages money for a number of different clients. Vela Investment Management, LLC works with retail investors, high net worth investors, investment companies, pension plans, charitable organizations and corporations. Out of its 234 accounts, Vela Investment Management, LLC's largest client by number of accounts is high net worth investors, but it also caters to 70 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 59.83%
    • Other Individuals - 26.5%
    • Corporations - 8.55%
    • Charitable Organizations - 5.13%

    * 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

    Vela Investment Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Vela Investment Management, LLC

    Kyle Schneider
    New Albany, OH
    Robert Sharpe
    New Albany, OH
    Robert Murphy
    New Albany, OH
    Nicholas Rinker
    New Albany, OH
    Brian Hilderbrand
    New Albany, OH
    Jason Job
    New Albany, OH
    Jason Downey
    New Albany, OH
    Jeannette Hubbard
    New Albany, OH
    Roderick Dillon
    New Albany, OH

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    The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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