Valley Financial Management, Inc.
- Regulatory AUM
- $473K
- Discretionary
- $473K
- Clients
- 124
- Avg AUM / client
- $3.8K
- Accounts
- 129
- Employees
- 124
AUM over time
Annual snapshots from Form ADV filings · as of Feb 05, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 120 | $467K | 98.7% |
| High net worth individuals | 4 | $6.3K | 1.33% |
People (29)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Christopher Michael Wilson | Chief Compliance Officer | Oct 2015 (11y) | Less than 5% | |
| Colleran, Joseph Arthur Iii | President / Ceo | Apr 2021 (5y) | Less than 5% | |
| Gawley, Christopher Jon | General Counsel | Apr 2022 (4y) | Less than 5% | |
| Hagedorn, Michael Dennis | Director | May 2022 (4y) | Less than 5% | |
| Lan, Travis | Director | May 2022 (4y) | Less than 5% | |
| Schultz, Melissa Joseph | Chairperson | Jun 2022 (4y) | Less than 5% | |
| Vanovitch, Joel | Chief Operations Officer & Chief Financial Officer | Oct 2022 (4y) | Less than 5% | |
| Varda Tal | Registered representative | Sep 2004 (22y) | ||
| Alexander Notaro | Registered representative | Jul 2018 (8y) | ||
| Chagit Raskin | Registered representative | Jul 2019 (7y) | ||
| Allon Harris | Registered representative | Jul 2021 (5y) | ||
| Daniel Howard Bernzweig | Registered representative | CFA | Jul 2021 (5y) | |
| Javier Marcos Levy | Registered representative | Apr 2022 (4y) | ||
| Jaime Dashevschi | Registered representative | Jun 2023 (3y) | ||
| Andrew Jianette | Registered representative | Mar 2024 (2y) | ||
| James Clarke | Registered representative | Apr 2024 (2y) | ||
| Eliyahu Yosef Engelman | Registered representative | May 2026 (0y) | ||
| Ayelet Osnat Kindler | Registered representative | CFP | May 2026 (0y) | |
| Leonid Medved | Registered representative | May 2026 (0y) | ||
| Kathleen Mary Buske | Registered representative | CFP | May 2026 (0y) | |
| Marc Hadley Pershan | Registered representative | May 2026 (0y) | ||
| John Alexander Gianni | Registered representative | Jun 2026 (0y) | ||
| Mark D Bubien | Registered representative | Jun 2026 (0y) | ||
| Amanda Spiteri | Registered representative | Jun 2026 (0y) | ||
| Carlos Miguel Batista Gutierrez | Registered representative | Jun 2026 (0y) | ||
| David M Marks | Registered representative | Jun 2026 (0y) | ||
| Jamie Lynn Casey | Registered representative | Jun 2026 (0y) | ||
| Michael Zaremsky | Registered representative | Jul 2026 (0y) | ||
| Jason Robert Calderwood | Registered representative | Jul 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Valley National Bank | Direct Parent Of Applicant | Apr 2022 | A | 75% or more |
| Valley National Bancorp | Shareholder | Apr 2022 | B | ≈ 56.25% – 100% via Valley National Bank |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Valley National Bancorp: 75% – 100% of Valley National Bank × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 02/05/2026 | 1.26 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: ON NOVEMBER 3, 2016, FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA") ACCEPTED LISI'S LETTER OF ACCEPTANCE, WAIVER AND CONSENT ("AWC") UNDER WHICH LISI AGREED, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, TO PAY A $15,000 FINE FOR FAILING TO REPORT THE CORRECT TIME OF TRADE EXECUTION IN TRACE-ELIGIBLE SECURITIES WITHIN THE REQUIRED TIME FRAME, AND FOR BOOKS AND RECORDS VIOLATIONS REGARDING SAME, DURING Q2 AND Q3 2015. Status: Final Sanction Detail: $15000. FINE AGAINST LISI. THE AMOUNT WILL BE PAID IN FULL. Summary: ON NOVEMBER 3, 2016, FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA") ACCEPTED LISI'S LETTER OF ACCEPTANCE, WAIVER AND CONSENT ("AWC") UNDER WHICH LISI AGREED, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, TO PAY A $15,000 FINE FOR FAILING TO REPORT THE CORRECT TIME OF TRADE EXECUTION IN TRACE-ELIGIBLE SECURITIES WITHIN THE REQUIRED TIME FRAME, AND FOR BOOKS AND RECORDS VIOLATIONS REGARDING SAME, DURING Q2 AND Q3 2015.
Allegations: LISI PROVIDED INCOMPLETE INFORMATION ON ITS RENEWAL APPLICATION FOR ACCIDENT AND HEALTH/VARIABLE LIFE AND VARIABLE ANNUITIES LICENSE SUBMITTED ON OR ABOUT MARCH 7, 2017; AND LISI PROVIDED INCOMPLETE INFORMATION ON ITS ORIGINAL APPLICATION FOR A PROPERTY AND CASUALTY LICENSE ON OR ABOUT AUGUST 10, 2016. Status: Final Sanction Detail: $1500 PAID BY LISI. Summary: NEGOTIATED STIPULATION BEFORE THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- Northern Trust $51.4M (15% of AUM) Jul 2023
- National Financial Services (Fidelity) $1.5M (0% of AUM) Dec 2022
- Pershing $473K (100% of AUM) Feb 2026
- SEI Private Trust $124K (0% of AUM) Nov 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Feb 05, 2026.
View current Form ADV (SEC/IAPD) ↗