Veritable

Veritable operates as an outsourced chief investment officer, blending elements of both. It takes discretionary authority over asset allocation and manager selection, much like a single-family office, but serves multiple families from a central platform. Unlike a traditional consultant that only makes recommendations, Veritable implements and monitors portfolios on behalf of its clients, assuming ongoing fiduciary responsibility.

No. Veritable does not manufacture or sell proprietary investment products. The firm invests client assets exclusively with third-party managers, a structural choice intended to remove the conflict of interest that arises when an advisor also acts as a product provider. This allows the firm to treat every fund in a portfolio as a replaceable line item if performance or terms deteriorate.

Michael Stolper founded Veritable in 1986 with the goal of delivering endowment-style investment management to wealthy individuals and families. Stolper came from an investment counseling background and built the firm around a fiduciary, research-intensive approach. The firm has remained independent and privately held throughout its history.

Veritable constructs globally diversified, multi-asset-class portfolios using external managers across hedge funds, private equity, venture capital, real estate, and private credit. The strategy emphasizes deep fundamental and operational due diligence on each underlying manager and seeks to negotiate institutional-quality terms, including fee breaks and capacity access, on behalf of its client base.

Veritable does not publicly disclose assets under advisement or management. The firm maintains a deliberately low public profile, consistent with its focus on serving a limited number of ultra-high-net-worth families. Without a need to market proprietary funds or attract retail capital, it has historically treated scale metrics as private.