VALLEY FINANCIAL MANAGEMENT, INC.

Advisory Business

Type of Organization	Corporation
Fiscal Year End	DECEMBER
Legal Location	New York, United States

Employees

Total Number of Employees	102
Investment Advisory/Research	35
Registered Broker-Dealer Representatives	55
Registered State Investment Advisers	28
Licensed Agents of an Insurance Company	20
No. of Firms/People that Solicit Clients	0

RAUM

Provides Management of Securities Portfolios	Yes

Type	Accounts	RAUM
Discretionary	486	$246.2M
Non-Discretionary	20	$88.7M
Total	506	$334.9M

Clients

Type	Number	RAUM
Individuals	0	$0
HNW Individuals	244	$170.3M
Banking or thrift institutions	0	$0
Investment companies	0	$0
Business development companies	0	$0
Pooled investment vehicles	0	$0
Pension and profit sharing plans	<5	$3.1M
Charitable organizations	<5	$28.3M
State or municipal gov entities	0	$0
Other investment advisers	0	$0
Insurance companies	0	$0
Sovereign wealth funds and foreign official institutions	0	$0
Corporations or other businesses	87	$133.2M
Other	0	$0

Type	Number
No. of Non-RAUM Clients	0
No. of Non-U.S. Clients	15
No. of Financial Planning Clients	26-50

Services

Advisory Services	Financial planningPortfolio management for individuals and/or small businessesSelection of other advisers (including private fund managers)Publication of periodicals or newsletters
Compensation	% of AUM
Other Business Activities	Broker-dealerInsurance broker or agent

Wrap Fee Program

Offers Wrap Fee Program	Yes

Acting As	RAUM
Sponsor	0
Portfolio Manager	0
Both for Same	334.9M

Portfolio Manager to Program	Sponsor
UNIFIED MANAGED ACCOUNTS (UMA)	VALLEY FINANCIAL MANAGEMENT, INC.
VFM EXCESS LIQUIDITY ADVISOR (VELA)	VALLEY FINANCIAL MANAGEMENT, INC.
SEPARATELY MANAGED ACCOUNTS (SMA)	VALLEY FINANCIAL MANAGEMENT, INC.
VFM STRATEGIC PORTFOLIOS (VSP)	VALLEY FINANCIAL MANAGEMENT, INC.
VFM CLIENT ADVISOR (VCA)	VALLEY FINANCIAL MANAGEMENT, INC.

Identifiers

SEC RIA File Number	801-113685
SEC ERA File Number	801-113685
SEC CIK Numbers	1128122
SEC CRD Numbers	105387
Legal Entity Identifier	5493305SJQ3VQ5DEE756

Principal Office

350 MADISON AVE.
NEW YORK
NY
United States

Websites

Chief Compliance Officer

No. Employees, Historic

RAUM, Historic

No. Clients, Historic