Vora Wealth Management, Pllc
- Regulatory AUM
- $74.8M
- Discretionary
- $74.8M
- Clients
- 660
- Avg AUM / client
- $113K
- Accounts
- 1,065
- Employees
- 1
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Apr 04, 2024
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 593 | $54.4M | 72.7% |
| High net worth individuals | 6 | $14.9M | 19.9% |
| Pension and profit sharing plans | 61 | $5.5M | 7.4% |
People (1)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Vora, Dharmesh, Virendra | Chief Compliance Officer | Oct 2010 (16y) | ≈ 56.25% – 100% via Vora Holdings, Llc |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Vora Holdings, Llc | Passive Owner | Jun 2014 | A | 75% or more |
| Om Laxmi, Inc | Direct Owner | Jun 2014 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Vora, Dharmesh, Virendra: 75% – 100% of Vora Holdings, Llc × 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) | 04/04/2024 | 1.6 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: ON AUGUST 9, 2023, THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION ("SEC") INSTITUTED AN INVESTIGATION INTO VORA WEALTH MANAGEMENT'S ("VWM") PRACTICES OF RECOMMENDING EQUITY-LINKED NOTES ("ELNS") TO CUSTOMERS. VWM IS COOPERATING FULLY WITH THE INVESTIGATION. Status: Pending Summary: ON AUGUST 9, 2023, THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION ("SEC") INSTITUTED AN INVESTIGATION INTO VORA WEALTH MANAGEMENT'S ("VWM") PRACTICES OF RECOMMENDING EQUITY-LINKED NOTES ("ELNS") TO CUSTOMERS. VWM IS COOPERATING FULLY WITH THE INVESTIGATION.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Pension consulting services
- • Selection of other advisers
- • Educational seminars/workshops
Custody
Reported custodians
- Fidelity Distributors Company Llc $41.5M (55% of AUM) Apr 2024
- TD Ameritrade $1.5M (2% of AUM) Apr 2024
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: Apr 04, 2024.
View current Form ADV (SEC/IAPD) ↗