New Vernon Investment Management LLC

CRD#160247
Investment Advisor Firm

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Learn more about New Vernon Investment Management LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • Office Locations

    • Overview

    New Vernon Investment Management LLC operates as an advisory company based in Highland Park, Illinois. It has $97.6 million in total assets over 12 customer accounts. The company has a small team, including 4 financial advisors. New Vernon Investment Management LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments such as equities, options and bonds.

    New Vernon Investment Management LLC administers all of the firm's client assets on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make buy and sell judgments for the client's account without requiring the customer's authorization. The advisory firm's average account size is $8.1 million. An average advisor at New Vernon Investment Management LLC oversees around three client accounts, making it one of the most personalized advisor firms in the country.

    The company's central office is located at 799 Central Ave, Highland Park, Illinois 60035.

    Assets Under Management

    $97.6 million

    Number of Advisors

    4

    Disclosures

    No

    Office Location

    799 Central Ave
    Highland Park, IL 60035

    New Vernon Investment Management LLC by the Numbers

    Total Assets Under Management

    $97.6 million

    National Average: $8.6 billion
    Total Number of Employees

    10

    National Average: 64
    Total Number of Accounts

    12

    National Average: 375,227
    Average Account Size

    $8.1 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees largely vary depending on the type of financial services provided. Fees charged by the firm can consist of the following fee types: asset-based, fixed, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    Back to Overview

    Types of Clients

    New Vernon Investment Management LLC works with pooled investment vehicles, other investment advisers and corporations. Out of its 12 clients, New Vernon Investment Management LLC's largest client group is pooled investment vehicles. None of its customers are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • 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

    New Vernon Investment Management LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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