Glovista Investments LLC
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Overview
Glovista Investments LLC is a financial advisor firm based in Jersey City, New Jersey. It administers $321.2 million in assets under management over 111 accounts, placing it in the mid-tier of investment advisory firms in the country by assets under management (AUM). The company has a small group, including 4 financial advisors. Glovista Investments LLC is not a registered broker-dealer, meaning the firm is not able to 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 exchangable financial assets such as bonds, equities and options.
Glovista Investments LLC manages the majority of its client assets on a discretionary basis. Discretionary management signifies that a portfolio manager makes buy and sell judgments without needing client approval. Glovista Investments LLC also administers two non-discretionary accounts totaling $34.5 million in assets. The investment advisory firm oversees about $2.9 million in assets for each customer account. The typical financial advisor at Glovista Investments LLC administers about 28 client accounts, making it about average in terms of personalization.
The company's headquarters is located at One Evertrust Plaza, Jersey City, New Jersey 7302. Glovista Investments LLC is allowed to provide services to investors throughout 7 states, including California, Connecticut, Florida, Illinois, New Jersey, New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Glovista Investments LLC by the Numbers
$321.2 million
5
111
$2.9 million
Fee Structure
Fees for financial advisory services depend on which service is provided. However, fee types billed by the firm can consist of the following fee structures: asset-based or performance-based. The company participates in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
-
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
-
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
-
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
Glovista Investments LLC works with a number of different investors. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, corporations and other. Out of its 111 customers, Glovista Investments LLC's largest client type is high net worth investors, though it also serves 45 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). About 23% of the company's accounts reside abroad.
- High-Net-Worth Individuals* - 41.28%
- Other Individuals - 2.75%
- Corporations - 48.62%
- Charitable Organizations - 7.34%
* 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
Glovista Investments LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Glovista Investments LLC
Miami, FL
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