Novus Advisors
Assets Under Management
$202.9M
Number of Clients
369
Number of Advisors
3
Average Client AUM
$550K
AUM per Advisor
$67.6M
Compensation
Fee-Only (AUM)
About This Firm
Novus Advisors offers discretionary and non-discretionary asset management using equities, fixed income, and balanced portfolios, along with financial and retirement planning. They may recommend third-party money managers and insurance products through an affiliated company. Services are tailored to client's financial situation and goals.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | 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 may be negotiable depending on circumstances.
Fee Estimator
You'll pay an annual fee based on the value of your managed assets. For example, the fee is 1.25% on the first $250,000. Fees are billed monthly in advance. There is no minimum account balance required to open an account. Novus may negotiate fees based on circumstances. Employees and their family may be charged reduced or no fees. Retirement plan advisory fees range from 0.25% to 1.10% of plan assets. Novus employees are licensed to sell insurance products and may receive commissions.
Areas of Practice
Location
607 Pendleton Street, Suite 101-B, Greenville, SC, 29601