Renovus Associates, LLC
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Overview
Renovus Associates, LLC is an advisory firm based in Wayne, Pennsylvania. The firm handles $1.1 billion in assets across 12 customer accounts, placing it among the larger investment advisory firms in the nation by assets under management (AUM). It has a small team, including 14 financial advisors. Renovus Associates, LLC is not a registered broker-dealer, signifying that it cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets such as equities, bonds and options.
Renovus Associates, LLC oversees all of the company's accounts in a discretionary manner. Discretionary management means that transaction choices are made by a portfolio manager without requiring client consent. The advisory firm supervises about $95.0 million in assets for each customer account. The average financial advisor at Renovus Associates, LLC oversees fewer than one client account, placing it among the most individualized firms in the country.
The company's headquarters is located at 460 E. Swedesford Road,, Wayne, Pennsylvania 19087. It is legally registered to serve customers in the state of Pennsylvania.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Renovus Associates, LLC by the Numbers
$1.1 billion
22
12
$95.0 million
Fee Structure
Financial management fees usually vary depending on which service is provided. Fee types billed by the company can include the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Renovus Associates, LLC.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
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
-
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
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm caters to pooled investment vehicles and state or municipal government entities. Out of its 12 customers, Renovus Associates, LLC's largest client by number of accounts is pooled investment vehicles. None of its clients are represented by people from outside of the U.S.
- 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
Renovus Associates, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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