Novem Group

Wealth Management Firm in Monroe County, NY

Firm Info
Address: 350 Linden Oaks #140, Rochester, NY 14625, USA
Phone: (585) 348-9525

Firm Size
Assets Under Management: $1.1 billion
# of Advisors: 58
# of Clients: 3,629
Client to Advisor Ratio: 63:1
Average Account Size: $313,937
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Pension Consulting Services
  • Selection of Others Advisors
  • Publication of Periodicals or Newsletters
  • Educational Seminars & Workshops

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pension & Profit Sharing Plans
  • Charitable Organizations
  • State & Municipal Govt Entities

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)

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Novem Group Overview

NOVEM GROUP is an investment advisory firm operating on a fee-only basis since 2011. With headquarters in Rochester, NY, the firm provides investment advice only to its clients. The firm specializes in financial planning, portfolio management, and pension consulting services. NOVEM GROUP also offers selection of other advisors, publication of periodicals or newsletters, and educational seminars & workshops for its clients. At NOVEM GROUP, clients can expect personalized and unbiased investment advice, as the firm operates solely on a fee-only basis. The firm's expertise in financial planning provides clients with a comprehensive analysis of their financial situation, enabling them to make informed decisions. NOVEM GROUP's portfolio management services help individuals and small businesses manage their investments, while its pension consulting services cater to clients looking for retirement planning solutions. NOVEM GROUP stands out among other investment advisory firms for its selection of other advisors, which allows clients to choose from a pool of trusted advisors to better suit their needs. The firm also provides educational seminars and workshops, enabling clients to learn more about managing their finances and investments. In conclusion, NOVEM GROUP is a registered investment advisory firm operating on a fee-only basis, offering investment advice only to its clients. The firm's financial planning, portfolio management, pension consulting services, selection of other advisors, publication of periodicals or newsletters, and educational seminars & workshops provide clients with comprehensive solutions to their investment needs.

NOVEM GROUP offers a diverse range of financial services to meet the needs of its clients. The firm works with individuals, helping them to plan for their financial futures, as well as high net worth individuals who require more complex portfolios and asset management. Pension and profit sharing plans also utilize NOVEM GROUP as their go-to financial advisor. Charitable organizations benefit from the firm's expertise in financial planning and investment management to support their missions effectively. Additionally, NOVEM GROUP manages the finances of state or municipal government entities. NOVEM GROUP offers a range of fee structures that cater to different types of clients and needs. Depending on the service provided, clients can choose to pay a percentage of their assets under management, an hourly fee, or fixed fees. For clients who have investment portfolios that require ongoing attention, a percentage of assets under management (AUM) is a popular choice. Hourly fees are best for those who require ad hoc services or wish to receive personalized advice to help make informed financial decisions. Alternatively, fixed fees work best for clients who desire a budget-friendly, all-inclusive package that covers a specific range of financial tasks. NOVEM GROUP prides itself on being highly flexible and will work with clients to determine the fee structure that best meets their needs.

Typical Clients, Fee Structures & Investment Minimum

Unfortunately, the Part 2 Brochure for NOVEM GROUP does not mention any investment minimums. Therefore, it is unclear what the firm's investment minimum may be.

How This Office Can Help Monroe County, NY Residents

Novem Group is a premier financial services firm that assists individuals, small business owners, and large companies in Monroe County, NY, with their financial planning and investment management needs. The firm focuses on developing customized financial solutions that meet the unique needs of their clients. Their team of experienced financial advisers and wealth management experts provide tailor-made solutions to help clients address the specific challenges they face. With a diverse economy that includes manufacturing, healthcare, education, and technology sectors, Monroe County, NY, offers many opportunities for businesses and individuals to thrive. However, residents of Monroe County may still face various financial challenges, including debt management, budgeting, retirement planning, and investment management. Novem Group provides a wide range of financial services to help clients address these and other financial issues, including investment advisory services, wealth management, asset allocation, and tax planning. By taking the time to understand their clients' financial goals and objectives, Novem Group can provide personalized solutions that help their clients build and protect their wealth.

To view the Minimum Investment and Fee Schedule for Novem Group, visit their Part 2 Brochure.

Services Offered by Novem Group

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Novem Group most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Hourly
Fixed Fees (Other than subscription)
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 350 Linden Oaks #140, Rochester, NY 14625, USA
Phone (585) 348-9525
Opening Hours
  • Mon 9 AM–5 PM
  • Tue 9 AM–5 PM
  • Wed 9 AM–5 PM
  • Thu 9 AM–5 PM
  • Fri 9 AM–1 PM
  • Sat Closed
  • Sun Closed
Directions
Google My Business Reviews:
5 Stars  |  3 Reviews

Other Office Locations

This firm has no other locations.

State Registrations

Novem Group is registered to service clients in the following states:

  • Arizona
  • California
  • Colorado
  • Connecticut
  • District of Columbia
  • Florida
  • Georgia
  • Illinois
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Nebraska
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • Ohio
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Texas
  • Utah
  • Virginia
  • Washington

Disciplinary History

Novem Group does not have any disclosures. Please visit it's Form ADV for more details.