NOVA R WEALTH, INC.

RIASEC RegisteredEst. 2014

Total AUM

$453M

Discretionary

$447M

99% of AUM

Avg account

$470K

Accounts

962

Employees

Advisory reps

Firm details

Headquarters: OVERLAND PARK, Kansas
CRD number: 169574
Registered since: January 2, 2014
Website: www.novarwealth.com
Custodians: FIDELITY DISTRIBUTORS COMPANY LLC
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: HNWI77.81%
Individuals15.7%
Corporations / Businesses5.34%
Pension & Profit Sharing Plans1.12%
Charitable Organizations0.03%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Nova R Wealth, Inc. is an independent registered investment adviser that describes itself as a capital allocator for both individual/family and institutional clients. Founded and SEC-registered in 2014 and owned by an individual, the firm combines financial planning and portfolio management across households and small businesses with advisory services for institutions, including pension consulting and selection of other advisers. Its service mix includes fee models by percentage of AUM as well as hourly and fixed fees, and it also operates as an insurance broker, which allows integration of insurance solutions into client plans. Investment behavior tilts toward public funds and mutual funds as the primary vehicle, but the firm also allocates to private placements as external alternative investments. Nova R Wealth is not an active ESG investor and operates as a single-state adviser. As a capital allocator, it can introduce third-party managers and alternative fund structures to meet client objectives.