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Vulcan Value Partners Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Vulcan Value Partners, LLC is a financial advisor firm based in Birmingham, AL. It has a large team of financial advisors on staff. The firm provides investment advisory services to mostly high-net-worth individual clients, but it has quite a few institutional clients as well. For the most part, you'll need at least $10 million in investable assets to become a client.

This is a fee-only firm, which means that it compensation comes only from fees it charges clients; as is standard for investment advisors, Vulcan charges these fees as a percentage of clients' assets under management (AUM). Note that a fee-only firm is different from a fee-based firm, which may also earn revenue through commission-based transactions like insurance sales. By forgoing such commissions, fee-only firms like Vulvan Value Partners are able to avoid many conflicts of interest.

Vulcan Value Partners Background

Vulcan Value Partners' CEO and chief investment offier (CIO) C.T. Fitzpatrick founded the firm in 2007. He is a chartered financial analyst (CFA) and has worked in the financial services and investment industries for well over 30 years. Fitzpatrick principally owns the firm, making it an independent operation.

Outside of Fitzpatrick, the advisory team at the firm holds a number of certifications. There are certificaitons such as CFA and certified public accountant (CPA).

Vulcan Value Partners Client Types and Minimum Account Sizes

The majority of Vulcan’s clients are high-net-worth individuals, and the firm doesn't currently work with any individuals beneath that threshold. It does, however, work with a number of institutional clients, including investment companies, pooled investment vehicles, pension and profit-sharing plans, charities, municipal governments, insurance companies and other corporations.

Vulcan Value’s typical AUM minimum for managed accounts is $10 million. This amount may be negotiable on a case-by-case basis, though.  If you can't meet that minimum investment amount, you might use the financial advisor matching tool to find another advisor who serves your area.

In order to invest in one of the firm's funds, a $5,000 investment is required for taxable accounts, while $500 is the minimum for a non-taxable account.

Services Offered by Vulcan Value Partners

Vulcan offers investment advisory services through managed accounts, for which it has a few different investment strategies that are chosen based on a client's personal needs. It also manages the investments for mutual funds, undertakings for collective investment in transferable securities (UCITS) and a collective investment trust (CIT).

Vulcan Value Partners Investment Philosophy

Vulcan manages individual investment portfolios according to one of five strategies:

  • Large-cap: Focuses on stocks of large companies, with 20 diversified investments in total
  • Small-cap: Focuses on stocks of small companies, with 20 diversified investments in total
  • All-cap: Doesn't adhere to any market capitalization requirements, but still holds 20 diversified investments across multiple market sectors
  • Focus: Seeks 7 to 14 equities with large market capitalizations that have compelling price-to-value ratios
  • Focus plus: Also seeks 7 to 14 equities with large market capitalizations that have compelling price-to-value ratios, but uses options to buy and sell volatility

The firm and its advisors use a system of bottom-up fundamental security analysis. It seeks to invest in publicly traded companies that offer significant potential for long-term growth while keeping risk in line with the client’s goals and preferences. The firm also places emphasis on investing in companies with strong leadership.

Fees Under Vulcan Value Partners

Vulcan Value Partners charges annual fees based upon the investment strategy you choose. These fees are charged on a quarterly basis, in arrears. Fees are based on the average closing market value of your account on the last trading day of each month over the quarter.

Large-Cap Portfolio Fees
Assets Annual Fee
First $10,000,000 0.80%
Next $40,000,000 0.70%
Above $50,000,000 0.60%

 

Small-Cap and All-Cap Portfolio Fees
Assets Annual Fee
First $10,000,000 1.00%
Next $40,000,000 0.85%
Above $50,000,000 0.75%

 

Focus and Focus Plus Portfolio Fees
Assets Annual Fee
First $10,000,000 1.50%
Next $40,000,000 0.95%
Above $50,000,000 0.75%

Each of the mutual funds that Vulcan manages pays a monthly advisory fee, in arrears, but the fee isn't listed on the firm's Form ADV.

What to Watch Out For

Vulcan Value Partners has a single disclosure on its Form ADV. This disclosure stems from a violation of Swedish Financial Supervisory Authority regulations, which Vulcan self-reported to the Swedish regulator.

Certain institutional accounts at Vulcan Value Partners have a performance-based fee included in their fee schedules. The firm states in its Form ADV that it "may have a financial incentive to favor performance-based fee accounts."

Opening an Account With Vulcan Value Partners

To open an account with Vulcan, you can call the firm over the phone. Bill Hjorth is the main contact for general inquiries. You can also email for more information.

All information is accurate as of the writing of this article.

Tips for Financial Planning

  • Looking for an advisor who offers financial planning services, or one with a lower minimum account size? Finding the right financial advisor doesn’t have to be hard. SmartAsset's free tool matches you with financial advisors in your area in five minutes. If you’re ready to be matched with local advisors, get started now.
  • Curious how long it will take your investments to grow? Use SmartAsset’s investment calculator to find out what you can expect from your money.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.