# 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.

- CRD: 158964
- Filed as: NOVEM GROUP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Rochester, NY
- Filing period: October 2026
- Form ADV filing dated: September 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158964
- AdvisorCensus page: https://advisorcensus.com/firm/novem-group-rochester-ny-158964

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Regulatory assets under management (Item 5.F)
- Total: $1,717,643,936
- Discretionary: $1,454,929,528
- Non-discretionary: $262,714,408

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 3,253 | $825,724,428 |
| High net worth individuals | 260 | $546,932,560 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 137 | $343,596,560 |
| Charitable organizations | 2 | $1,271,918 |
| State or municipal government entities (including government pension plans) | 1 | $118,470 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $0 |

### 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

### Firm details
- Registered since: 2011 (15 years)
- Employees: 52 total, 50 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, CO, CT, DC, FL, GA, IA, IL, KS, LA, MA, MD, ME, MI, MO, NC, ND, NE, NH, NJ, NY, OH, OR, PA, RI, SC, TN, TX, VA, VT, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Denver, CO
- Depew, NY
- East Bridgewater, NJ
- Grand Island, NE
- Jupiter, FL
- Rochester, NY
- Spring Lakes Height, NJ
- Topsfield, MA

### Websites listed on Form ADV (Item 1.I)
- novemgroup.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $832,400,705 | 49 | June 2, 2021 |
| October 2022 | $1,139,277,720 | 58 | August 22, 2022 |
| October 2023 | $1,072,749,714 | 57 | September 21, 2023 |
| October 2024 | $1,170,631,357 | 50 | March 1, 2024 |
| October 2025 | $1,413,641,568 | 52 | July 29, 2025 |
| October 2026 | $1,717,643,936 | 52 | September 3, 2026 |

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.

## 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Novem Group (CRD 158964): Form ADV filing data as of October 2026.