AdvisorCensus / Financial advisors / South Carolina / Greenville / Novus Advisors
Novus Advisors is an SEC-registered investment advisory firm in Greenville, SC, registered since 2013, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated April 29, 2026.
Quick answers
From the filingHow is Novus Advisors compensated?
On its Form ADV (Item 5.E, October 2026), Novus Advisors reports these compensation arrangements: a percentage of assets under its management.
Where is Novus Advisors located?
Novus Advisors' principal office is in Greenville, SC, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Novus Advisors registered with the SEC or a state?
Novus Advisors is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 157908.
How much does Novus Advisors manage?
Novus Advisors reports $91,267,843 in regulatory assets under management in its Form ADV filing dated April 29, 2026 (65% discretionary).
How have Novus Advisors' assets and staff changed since 2021?
In the Form ADV data for Novus Advisors: Regulatory assets under management: $182,790,259 in the October 2021 data and $91,267,843 in the October 2026 data, down 50%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Novus Advisors serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (250); high net worth individuals (17).
Which custodians does Novus Advisors use?
Novus Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Epic Retirement Plan Services as custodians holding 10% or more of its separately managed account assets.
Does Novus Advisors 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/157908
Does Novus Advisors state an account minimum?
Its Form ADV Part 2A brochure dated March 27, 2026 says: "Novus Advisors does not impose a minimum account balance for the opening of an account with the Adviser." "Novus does not have a minimum account size."
What changed in Novus Advisors' recent Form ADV filings?
In the April 2026 filing data: No longer lists the business name Blue Star Wealth Management, LLC. Regulatory assets under management went from $202,942,595 to $91,267,843 (-55%).
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
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 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: None
The brochure's wording
Novus Advisors does not impose a minimum account balance for the opening of an account with the Adviser.
Novus does not have a minimum account size.
As stated in the firm's Form ADV Part 2A brochure dated March 27, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$91,267,843 as of October 2026, filing dated April 29, 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- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Legal name
- Novus Advisors, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2013 (12 years)
- Employees
- Total: 5. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the May 2026 filing
- States registered or notice-filed
-
21 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 | $91,267,843 | 5 | April 29, 2026 |
| October 2025 | $202,942,595 | 4 | June 17, 2025 |
| October 2024 | $211,796,328 | 7 | March 26, 2024 |
| October 2023 | $174,682,381 | 7 | March 22, 2023 |
| October 2022 | $164,433,288 | 5 | May 31, 2022 |
| October 2021 | $182,790,259 | 5 | August 10, 2021 |
Regulatory assets under management: $182,790,259 in the October 2021 data and $91,267,843 in the October 2026 data, down 50%.
Total employees: 5 in October 2021 and 5 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- April 2026
- No longer lists the business name Blue Star Wealth Management, LLC.
- Regulatory assets under management went from $202,942,595 to $91,267,843 (-55%).
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. Novus Advisors (CRD 157908): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/novus-advisors-greenville-sc-157908