Verger Capital Management LLC (Winston Salem)
Joseph Russell
Published Mar 21, 2026
Verger Capital Management LLC is a large advisory firm based in Winston Salem. It manages $1.65 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of North Carolina.
Verger Capital Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Verger Capital Management: assets under management
The assets under management (AUM) of Verger Capital Management LLC is $1.65 billion. The firm's AUM has grown by 45% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $1.61 billion in discretionary accounts and $38.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $134.09 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $19.29 million.
Verger Capital Management has custody of $1.38 billion in cash and securities for 1 client in total but doesn’t act as a qualified custodian.
Investments
The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is derivatives, which make up 47% of the firm’s portfolio. Investments in other assets form 5% of the total invested assets.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Verger Capital Management LLC for their services and products based on a percentage of assets under management. 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 Peter Garfield Duncan serves?
The only and largest group of clients of Peter Garfield Duncan is pooled investment vehicles with 3 clients and $1.38 billion of assets under management. Among the 9 most similar advisory firms, Verger Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.38 billion for 3 clients. None of the firm’s clients are foreign persons or businesses.
Verger Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
Careers at Verger Capital Management LLC
The company employs 13 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. No 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Peter Garfield Duncan has been acting as President since 1 May 2016. Carol A. Mcfate joined the executive team most recently as the Member, Board Of Managers.
Direct owners and executive officers
Based in Winston Salem
The principal office where Verger Capital Management LLC performs its advisory services is located at 1834 Wake Forest Road, Winston Salem, NC 27106 The mailing address of the firm is P.O. Box 7354, Winston Salem, NC 27109 7354. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 336-758-4240 or by fax 336-758-4241. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at vergercapital.com.
