AdvisorCensus / Financial advisors / New York / Rochester / Novem Group
Novem Group is an SEC-registered investment advisory firm in Rochester, NY, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 3, 2026.
Quick answers
From the filingHow is Novem Group compensated?
On its Form ADV (Item 5.E, October 2026), Novem Group reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
Where is Novem Group located?
Novem Group's principal office is in Rochester, NY, according to its Form ADV; the October 2026 filing also lists 8 other offices (Schedule D, Section 1.F).
Is Novem Group registered with the SEC or a state?
Novem Group is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 158964.
How much does Novem Group manage?
Novem Group reports $1,717,643,936 in regulatory assets under management in its Form ADV filing dated September 3, 2026 (85% discretionary).
How have Novem Group's assets and staff changed since 2021?
In the Form ADV data for Novem Group: Regulatory assets under management: $832,400,705 in the October 2021 data and $1,717,643,936 in the October 2026 data, up 106%. Total employees: 49 in October 2021 and 52 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Novem Group serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,253); high net worth individuals (260); pension and profit sharing plans (but not the plan participants or government pension plans) (137).
Does Novem Group report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/158964
What changed in Novem Group's recent Form ADV filings?
In the October 2026 filing data: Registered or notice-filed in MO.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated February 27, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$1,717,643,936 as of October 2026, filing dated September 3, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2011 (15 years)
- Employees
- Total: 52. Performing investment advisory functions: 50.
- Wrap fee program participation
- Yes.
- Other offices (Schedule D, Section 1.F)
-
8 other offices, as of the October 2026 filing
- States registered or notice-filed
-
32 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,717,643,936 | 52 | September 3, 2026 |
| October 2025 | $1,413,641,568 | 52 | July 29, 2025 |
| October 2024 | $1,170,631,357 | 50 | March 1, 2024 |
| October 2023 | $1,072,749,714 | 57 | September 21, 2023 |
| October 2022 | $1,139,277,720 | 58 | August 22, 2022 |
| October 2021 | $832,400,705 | 49 | June 2, 2021 |
Regulatory assets under management: $832,400,705 in the October 2021 data and $1,717,643,936 in the October 2026 data, up 106%.
Total employees: 49 in October 2021 and 52 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- October 2026
- Registered or notice-filed in MO.
- March 2026
- Regulatory assets under management went from $1,413,641,568 to $1,717,643,936 (+22%).
- Changed its office addresses in Jupiter, FL.
- January 2026
- No longer registered or notice-filed in UT.
- December 2025
- Registered or notice-filed in LA.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Novem Group (CRD 158964): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/novem-group-rochester-ny-158964