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Virtus Wealth Solutions

Updated today

Client assets under management

$550,653,734

Clients

307

36% high-net worth

Advisors

3

of 6 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

102

High

Average account size

$1,793,660

About

Virtus Wealth Solutions provides financial planning and asset management to a range of clients, including individual (both non‑HNW and high‑net‑worth) investors, pension and profit‑sharing plans, charitable organizations, and corporations. Services include discretionary portfolio management, comprehensive financial planning, retirement plan consulting and participant advice, and access to a broad set of investments such as mutual funds, ETFs, individual securities, insurance products, private placements and other alternative investments.

Advisors work from client‑specific information on assets, goals and risk tolerance to construct asset allocation strategies and typically manage accounts on a discretionary basis with ongoing monitoring and at least annual reviews. The firm offers both fee‑for‑service consulting and managed account options and uses third‑party platform programs (Commonwealth’s PPS Custom/Select/Direct programs and LPL’s Strategic Wealth Management) alongside in‑house advice and model or third‑party strategies.

Distinctive features include acting as a wrap fee program sponsor through Commonwealth and absorbing certain platform or trade costs for PPS Custom accounts, a capability that is uncommon among similar team firms. The firm manages roughly $595 million in client assets and discloses formal service and compensation arrangements with Commonwealth and LPL, including advisor transition loans tied to continued affiliation after Commonwealth’s acquisition by LPL, which it identifies as a potential conflict of interest.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

Retirement income strategy Business succession planning Options & derivatives strategies

Occupation focus

Executive Founder/Business Owner

Fee options

Fixed

Flat or fixed fees for consulting engagements and Retirement Plan Consulting

Percentage

$0 - $500,000: 1.50% $500,001 - $1,000,000: 1.25% $1,000,001 - $2,000,000: 1.00% $2,000,001+: 0.75%

Project-based

Up to $500 per hour for consulting services

Other

Account minimum: $1,000,000 Minimum fee: Commonwealth PPS Select program minimum annual program fee of $600 ($150 quarterly) for certain accounts Fee-only: Wealth Management Consulting: negotiable annual fee or hourly up to $500; Retirement Plan Consulting: negotiable annual fee based on assets under advisement or flat fee or hourly up to $500; Plan Participant Consulting: fee schedule with annual fees varying by account size

Main office location

Virtus Wealth Solutions

517 Centennial Avenue, Suite 200

Cranford NJ 07016, United States

Number of offices

1

Most active in

Arizona · California · Delaware · Florida · Maryland · New Jersey · New York · North Carolina · Pennsylvania · South Carolina · Texas · Virginia

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Devang P

CFP®, Series 63, Series 65

Cranford, NJ

Virtus Wealth Solutions

Devang Patel is a CFP® professional with 23 years of industry experience, currently serving at Virtus Wealth Solutions since 2020. His prior experience includes roles at Commonwealth Financial Network, MML Investors Services, and MSI Financial Services. Outside of financial advising, he is a general partner in a film production venture, Chyna Project Partners. Virtus Wealth Solutions provides financial planning, asset management, and consulting services to individual, high-net-worth, and institutional clients. The firm employs multiple investment approaches and manages over $500 million in discretionary assets across a diverse client base.

Retirement income strategy Business succession planning Options & derivatives strategies Executive Founder/Business Owner
user avatar

Hirbod A

Series 63, Series 65

Cranford, NJ

Virtus Wealth Solutions

Hirbod Azmi is a financial advisor at Virtus Wealth Solutions with 18 years of industry experience. He holds Series 63 and Series 65 designations and has worked at several firms, including METLIFE Securities Inc and Massachusetts Mutual Life Insurance Company. Outside of finance, he is a general partner in Chyna Project Partners, a film production company. Virtus Wealth Solutions serves individual and high-net-worth clients, pension plans, charitable organizations, and businesses, offering financial planning, asset management, and consulting. The firm manages portfolios using multiple analytical approaches and provides access to a range of securities and alternative investments, including private placements and insurance products.

Retirement income strategy Business succession planning Options & derivatives strategies Executive Founder/Business Owner
user avatar

Dorota W

ChFC®, Series 63, Series 65

Cranford, NJ

Virtus Wealth Solutions

Dorota Warchol is a ChFC®-designated financial advisor with 29 years of industry experience. She has been with Virtus Wealth Solutions since 2020 and previously worked at Commonwealth Financial Network, Mass Mutual Investors Services, MetLife Securities Inc., and Metropolitan Life Insurance Company. Warchol serves on the boards of two nonprofit organizations, Blue Parasol Home Care and PSC Community Services. Virtus Wealth Solutions provides financial planning, asset management, and consulting services to individuals, high-net-worth clients, pension plans, charitable organizations, and businesses. The firm employs multiple investment approaches and offers discretionary portfolio management, retirement plan consulting, and access to various securities and alternative investments.

Retirement income strategy Business succession planning Options & derivatives strategies Executive Founder/Business Owner
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