Nuverse Advisors LLC (New York)

Name: Nuverse Advisors LLC
Address: 152 West 57 Th Street, 21 St Floor, New York, NY, 10019 9710
Telephone: 212-507-9125

Nuverse Advisors LLC is a large advisory firm based in New York. It manages $591.64 million of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of New York.

Nuverse Advisors provides portfolio management for individuals and small businesses 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.

Nuverse Advisors: assets under management

The assets under management (AUM) of Nuverse Advisors LLC is $591.64 million. The firm's AUM has grown by 569% since the beginning of its operation, and $306.69 million of the total AUM is attributable to clients outside of the United States.

The firm manages $587.26 million in discretionary accounts and $4.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $27.96 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.19 million.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 38% of the firm’s portfolio. Investments in non-exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nuverse Advisors LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nuverse Advisors serves?

The firm provides services to high net worth individuals, banking or thrift institutions, and corporations or other businesses. The largest group of clients of Nuverse Advisors is high net worth individuals with 61 clients and $304.43 million of assets under management. Among the 9 most similar advisory firms, Nuverse Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $591.64 million for 99 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 56% of the firm’s clients are foreign persons or businesses.

Nuverse Advisors also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Nuverse Advisors LLC

The company employs 16 people that are either part- or full-time employees. 44 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dov Chaim Schlein	Manager	1 Jun 2001	25% - 50%	2207043
Elias Saal	Manager	1 Jun 2001	25% - 50%	4590698
Stephen Joseph Saali	Manager	1 Jun 2001	25% - 50%	4590704
Hsbc Usa Inc.	Member	1 Jun 2001	Other	13-2764867
William Franklin Rosenblum	Chief compliance officer	1 Sep 2004	Other	2207052
Gregory Donald	Chief compliance officer	1 Jun 2006	Other	2207052
Gregory Graham Donald	Chief compliance officer	1 Jun 2006	Other	2397111
Michael Stephen Becker	Chief compliance officer	1 Jun 2013	Other	2397111

Based in New York

The principal office where Nuverse Advisors LLC performs its advisory services is located at 152 West 57 Th Street, 21 St Floor, New York, NY 10019 9710, which is also the mailing address of the firm. An additional office of the firm is in Miami, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-507-9125 or by fax 212-507-9140. The normal business hours are 8:30 am to 6:30 pm on Monday - Friday. You can find more information about the New York firm at nuverse.com.