Wealth manager, independent · Rochester, NY
Novem Group
SEC-registered investment adviser · CRD 158964 · SEC 801-72741
At a glance
Novem Group is an SEC-registered investment adviser based in Rochester, New York, with $1.7B in regulatory assets under management as of its Form ADV filed September 3, 2026. It reports 3,513 individual clients, 260 of them high-net-worth, holding an average of about $0.4 million each, and 52 employees. That ranks it 637th among the nation’s 5,657 independent wealth management RIAs and 48th of 408 in New York.
Main office 585-348-9525novemgroup.comAs filed on Form ADV
- Regulatory AUM
- $1.7B
- Rank among independent wealth managers
- #637 of 5,657
- Rank among all SEC RIAs
- #3,954 of 17,210
- Rank in New York
- #48 of 408
- Individual clients
- 3,513
- High-net-worth clients
- 260
- Accounts
- 5,571
- Discretionary
- 85% of AUM
- Employees
- 52
- Advisory staff
- 50
- Offices
- 9
Owners and executives on its Form ADV
- Robert J. BartolottaCEO, CCO
- Patrick D. ManuelPresident
Custody and brokerage
Custodian
Novem Group’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Novem Group is a hybrid RIA: 21 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed February 2026) names Osaic Wealth as the broker-dealer its advisers are registered with.
Roehrig is a Registered Representative of Osaic Wealth, Inc., and a licensed Insurance Agent.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 3,253 | $826M | 48% |
| High-net-worth individuals | 260 | $547M | 32% |
| Pension and profit sharing plans | 137 | $344M | 20% |
| Charitable organizations | 2 | $1M | <1% |
| State or municipal government entities | 1 | $0M | <1% |
Disciplinary disclosures
Novem Group reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗novemgroup.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,260 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in New York
All of New York →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Rockbridge Investment Management, LLCSyracuse | $1.8B | 1,518 |
| Altfest Personal Wealth ManagementNew York | $1.8B | 686 |
| WNY Asset Management, LLCWilliamsville | $1.7B | 3,234 |
| Citrin Cooperman Wealth Management, LLCNew York | $1.7B | 51 |
| Orange Investment Advisors, Inc.Goshen | $1.7B | 1,307 |
| Bouchey Financial Group, LTD.Troy | $1.6B | 1,190 |
Background
Questions
How much does Novem Group manage?
Novem Group reports $1.7B in regulatory assets under management across 5,571 accounts, 85% of it on a discretionary basis, on its Form ADV filed September 3, 2026.
How many clients does Novem Group have?
It reports 3,513 individual clients: 260 high-net-worth individuals and 3,253 other individuals. Individuals account for about 80% of its regulatory assets.
Where is Novem Group headquartered?
Its main office is in Rochester, New York. It reports 9 offices in total and 52 employees, 50 of whom perform investment advisory functions.
How does Novem Group charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
Is Novem Group a hybrid RIA with a broker-dealer?
Novem Group is a hybrid RIA: 21 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Novem Group a fiduciary?
As an SEC-registered investment adviser, Novem Group owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 21 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Novem Group’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-03), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →