{"url":"https://nivawealth.com/firms/new-vernon-investment-management-160247","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/160247","regulatoryAum":115505111,"crd":"160247","history":[{"filedOn":"2021-03-30","regulatoryAum":88952590,"clients":14,"employees":11,"offices":1},{"filedOn":"2022-06-27","regulatoryAum":99454498,"clients":13,"employees":10,"offices":1},{"filedOn":"2023-06-26","regulatoryAum":97574397,"clients":13,"employees":10,"offices":1},{"filedOn":"2024-04-25","regulatoryAum":108862462,"clients":13,"employees":8,"offices":1},{"filedOn":"2025-04-29","regulatoryAum":116901694,"clients":13,"employees":8,"offices":1},{"filedOn":"2026-04-27","regulatoryAum":115505111,"clients":13,"employees":8,"offices":1}],"secFileNumber":"801-73602","legalName":"New Vernon Investment Management LLC","displayName":"New Vernon Investment Management","slug":"new-vernon-investment-management-160247","website":null,"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"799 Central Ave, Suite 350","city":"Highland Park","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60035"},"tradeNames":[],"registration":{"secApproved":"30 March 2012","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":8,"advisory":4,"brokerDealerReps":6,"insuranceAgents":0,"promoters":1},"aum":{"regulatory":115505111,"discretionary":115505111,"discretionaryAccounts":11,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":2},"clientTypes":[{"label":"Pooled investment vehicles","clients":10,"regulatoryAum":113098008},{"label":"Other investment advisers","clients":2,"regulatoryAum":0},{"label":"Corporations and other businesses","clients":1,"regulatoryAum":2407103}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Pershing LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":2407103}],"custodyNote":"New Vernon Investment Management has custody of $113M in client assets for 10 clients.","otherCustodians":[],"leadership":[{"name":"Gary Just","title":"Chief Compliance Officer, Chief Financial Officer","crd":"2101902"},{"name":"Steven Shapiro","title":"Managing Member","crd":"2153746"},{"name":"Daniel Shapiro","title":"Member","crd":"1989147"}],"ownership":[{"label":"Daniel Shapiro","detail":"Member in the 5% to 10% ownership band and a control person, since July 2011."},{"label":"Steven Shapiro","detail":"Managing member in the 5% to 10% ownership band and a control person, since July 2011."},{"label":"NV Capital Holdings II, LLC","detail":"Member in the 75% or more ownership band and a control person, since July 2011."},{"label":"Arshad Zakaria","detail":"Indirect owner: a member of NV Capital Holdings II, LLC in the 25% to 50% band and a control person, since November 2004.","parent":"NV Capital Holdings II, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"799 Central Ave, Suite 350","city":"Highland Park","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"847-926-5700","stateRegisteredReps":1,"otherAdviserReps":1,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees","Other"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Security ratings or pricing services","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":100}],"privateFunds":2},"sources":{"adv1FilingDate":"27 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/160247/PDF/160247.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does New Vernon Investment Management have?","answer":"New Vernon Investment Management has 13 clients and manages $116 million for them, as of April 2026. They include 10 pooled investment vehicles, 2 other investment advisers and 1 corporate or other business client.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 27 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does New Vernon Investment Management offer?","answer":"New Vernon Investment Management provides portfolio management for pooled vehicles, portfolio management for institutions and security ratings or pricing.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does New Vernon Investment Management use?","answer":"New Vernon Investment Management’s separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $2.41M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does New Vernon Investment Management have?","answer":"New Vernon Investment Management has 1 investment adviser representative registered with state securities authorities, out of 8 employees, and 4 perform investment advisory functions. 6 employees are registered representatives of a broker-dealer and 0 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does New Vernon Investment Management invest in?","answer":"At the end of its last fiscal year, New Vernon Investment Management’s separately managed accounts held 100% exchange-traded equities. It advises 2 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns New Vernon Investment Management?","answer":"New Vernon Investment Management is owned through a holding company by Arshad Zakaria. Its direct owners are Daniel Shapiro (5% to 10%), Steven Shapiro (5% to 10%) and NV Capital Holdings II, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 27 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does New Vernon Investment Management get paid?","answer":"New Vernon Investment Management is paid through a percentage of assets under management, fixed fees, performance-based fees and other compensation. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact New Vernon Investment Management?","answer":"New Vernon Investment Management’s main office is at 799 Central Ave, Suite 350, Highland Park, IL 60035. Its phone number is 847-926-5700.","source":"Form ADV Part 1A, Item 1.F, filed 27 April 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/new-vernon-investment-management-160247/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1500605/000150060526000018/0001500605-26-000018-index.html","totalValue":81656117,"positionCount":37,"top10Share":0.5632700609557518,"top10":[{"issuer":"TRAVELERS COMPANIES INC","titleOfClass":"COM","cusip":"89417E109","value":8645513,"shares":26189,"shareType":"SH","priorValue":7638808,"priorShares":26189},{"issuer":"CHUBB LTD SWITZ","titleOfClass":"COM","cusip":"H1467J104","value":6280520,"shares":18432,"shareType":"SH","priorValue":6007542,"priorShares":18432},{"issuer":"AON PLC","titleOfClass":"SHS CL A","cusip":"G0403H108","value":5799931,"shares":17486,"shareType":"SH"},{"issuer":"BERKLEY W R 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}