Nuwave Investment Management, LLC is a large advisory firm based in Parsippany. It manages $150.62 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2009.
Nuwave Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Nuwave Investment Management, LLC is $150.62 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Nuwave Investment Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Nuwave Investment Management is pooled investment vehicles with 2 clients and $131.54 million of assets under management. Among the 10 most similar advisory firms, Nuwave Investment Management has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $150.62 million for 3 clients. None of the firm’s clients are foreign persons or businesses.
Nuwave Investment Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Nuwave Investment Management, LLC performs its advisory services is located at 35 Waterview Boulevard, Parsippany, NJ 07054, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 973-888-6800 or by fax 973-888-6810. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at nuwavecorp.com.