Novem Group
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
About This Firm
Novem Group provides ongoing portfolio management based on client goals and risk tolerance. Financial planning covers investment, retirement, college, debt, credit, tax, and insurance. They may direct clients to third-party managers and limit investment advice to specific securities.
Fee Structure
AUM-Based Fees (Tiered)
| 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 depending upon the needs of the client and complexity of the situation.
Fee Estimator
Novem Group's maximum annual advisory fees are based on assets under management, ranging from 2.50% on the first $250,000 to 1.50% on assets over $5,000,000. These fees are negotiable. Financial planning fees can be flat, hourly, or tiered. Clients are responsible for third-party fees. Fees are paid quarterly in advance or arrears, with pro-rated refunds upon termination.
Areas of Practice
Location
350 Linden Oaks, Suite 140, Rochester, NY, 14625