Novus Advisors manages investment portfolios and provides financial and retirement planning services for individuals, families, trusts, and retirement plans. Novus Advisors creates tailored investment strategies using mutual funds, exchange-traded funds, and individual securities on both discretionary and non-discretionary bases. In addition to portfolio management, Novus Advisors offers financial planning covering cash flow analysis, retirement planning, risk management, tax management, education planning, and estate planning, which is included at no additional cost with investment management services. The firm also provides retirement plan consulting services for employers and plan sponsors under federal retirement plan rules. Affiliated professionals offer insurance products, including fixed-indexed annuities, which creates a potential conflict of interest.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.25% |
| $250K - $1.0M | 1.00% |
| $1.0M - $5.0M | 0.85% |
| $5.0M - $10.0M | 0.65% |
| $10M+ | 0.50% |
Fees are negotiable based on account complexity, family relationships, or employee status. Accounts with outside money managers incur an additional fee of 0.50% to 0.85%.