Nuverse Advisors LLC
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Overview
Nuverse Advisors LLC operates as a financial advisory company located in Hallandale, Florida. Nuverse Advisors LLC handles $761.6 million in total assets throughout 37 client accounts, making it one of the larger investment advisory firms in the United States by assets under management (AUM). The company has a small team, including 7 financial advisors. Nuverse Advisors LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable financial investments like equities, bonds and options.
Nuverse Advisors LLC manages the majority of its client assets on a discretionary basis. Discretionary management means that a portfolio manager makes buy and sell choices for the client's account without needing the customer's consent. It also has two non-discretionary accounts totaling $15.2 million in assets. The firm administers roughly $20.6 million in assets for every account. The average financial advisor at Nuverse Advisors LLC administers about five client accounts, making it one of the more individualized firms in the country.
Nuverse Advisors LLC's main office is located at 1010 S. Federal Highway Suite 2004, Hallandale, Florida 33009. The firm is legally permitted to serve clients in the state of New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Nuverse Advisors LLC by the Numbers
$761.6 million
17
37
$20.6 million
Fee Structure
Financial advisory fees largely are based on which services the firm provides the client. Fee types billed by the company likely consist of the following fee structures: asset-based or performance-based. Nuverse Advisors LLC does not provide a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It provides services to high net worth investors and pooled investment vehicles. Out of its 37 customers, Nuverse Advisors LLC's biggest client type is high net worth investors, though it also caters to 33 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 8% of its customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 89.19%
- Other Individuals - 0%
- Corporations - 10.81%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Nuverse Advisors LLC does not have any disclosures.
Please visit its Form ADV for more details.
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