Assets Under Management
$1.4B
Number of Clients
3,399
Number of Advisors
32
Average Client AUM
$416K
AUM per Advisor
$44.2M
Compensation
Fee-Only (AUM)Fixed/Hourly
Novem Group provides ongoing portfolio management based on client goals and risk tolerance. Financial planning covers investment, retirement, college, debt, and tax concerns. They may direct clients to third-party managers and are compensated via fee sharing. Investment advice is limited to mutual funds, ETFs, equities, bonds, and insurance products.
| Assets Under Management | 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.
350 Linden Oaks, Suite 140, Rochester, NY, 14625