Novem Group is a registered investment advisor based in Rochester, New York, offering investment management and financial planning services. Novem Group builds personalized portfolios based on each client's goals, time horizon, and risk tolerance, using mutual funds, exchange-traded funds, equities, bonds, options, and insurance products. For investment management, Novem Group evaluates client accounts and can execute trades without prior permission if given discretionary authority. Financial planning covers retirement, college savings, debt, tax concerns, and insurance evaluations. Novem Group also provides access to third-party money managers. The firm serves individuals, high-net-worth clients, pension and profit-sharing plans, charitable organizations, and government entities.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 2.50% |
| $250K - $500K | 2.25% |
| $500K - $1.0M | 2.00% |
| $1.0M - $5.0M | 1.75% |
| $5M+ | 1.50% |
Fees are negotiable depending upon the needs of the client and complexity of the situation.