{"url":"https://nivawealth.com/firms/new-vernon-wealth-management-164775","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/164775","regulatoryAum":781005254,"crd":"164775","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1989147","suffix":null,"lastName":"SHAPIRO","firstName":"DANIEL","middleName":"MARK"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-30","regulatoryAum":439082600,"clients":175,"employees":11,"offices":1},{"filedOn":"2022-03-30","regulatoryAum":488837419,"clients":178,"employees":11,"offices":1},{"filedOn":"2023-03-31","regulatoryAum":430808439,"clients":172,"employees":10,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":551945855,"clients":172,"employees":8,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":627902105,"clients":181,"employees":8,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":781005254,"clients":187,"employees":8,"offices":1}],"secFileNumber":"801-77619","legalName":"New Vernon Wealth Management LLC","displayName":"New Vernon Wealth Management","slug":"new-vernon-wealth-management-164775","website":"https://newvernonwealth.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"2003","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":"1 January 2013","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":4176498.6844919785,"staff":{"employees":8,"advisory":5,"brokerDealerReps":6,"insuranceAgents":0,"promoters":3},"aum":{"regulatory":781005254,"discretionary":781005254,"discretionaryAccounts":443,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":19,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":90,"regulatoryAum":33924373},{"label":"High-net-worth individuals","clients":97,"regulatoryAum":747080881}],"feePrograms":[{"role":"main","program":"Advisory Fees","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035601","versionId":1035601,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"NEW VERNON WEALTH MANAGEMENT","fee_rate_low":0.85,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T07:03:26.719424+00:00","documents":[{"name":"NEW VERNON WEALTH MANAGEMENT","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035601","versionId":1035601,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Pershing LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":781005254}],"custodyNote":"New Vernon Wealth Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Gary Just","title":"Chief Financial Officer, Chief Compliance Officer","crd":"2101902"},{"name":"Steven Shapiro","title":"Member, Manager, Chief Investment Officer, Trustee Steven Shapiro Gift Trust","crd":"2153746"},{"name":"Arshad Zakaria","title":"Member, Manager, Chairman of Board","crd":"2820745"},{"name":"Daniel Shapiro","title":"Member, Manager, Trustee of Daniel Shapiro Gift Trust","crd":"1989147"},{"name":"Mansoor Zakaria","title":"Member, Manager","crd":"1235392"}],"ownership":[{"label":"Daniel Shapiro","detail":"Member, manager, trustee of daniel shapiro gift trust in the 10% to 25% ownership band and a control person, since January 2013."},{"label":"Steven Shapiro","detail":"Member, manager, chief investment officer, trustee steven shapiro gift trust in the 10% to 25% ownership band and a control person, since January 2013."},{"label":"Daniel Shapiro Gift Trust","detail":"Member - trustee is a control person in the 10% to 25% ownership band and a control person, since January 2013."},{"label":"Steven Shapiro Gift Trust","detail":"Member - trustee is a control person in the 10% to 25% ownership band and a control person, since January 2013."},{"label":"Mansoor Zakaria","detail":"Member, manager in the 25% to 50% ownership band and a control person, since January 2013."},{"label":"NV Capital Holdings II, LLC","detail":"Member in the 25% to 50% ownership band and a control person, since January 2013."},{"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 January 2013.","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}]}],"brochureServices":["retirement plan services"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"847-926-5700","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":81},{"label":"U.S. government/agency bonds","percent":1},{"label":"Investment grade corporate bonds","percent":5},{"label":"Cash and cash equivalents","percent":13}],"privateFunds":0},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/164775/PDF/164775.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035601","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does New Vernon Wealth Management have?","answer":"New Vernon Wealth Management has 187 clients and manages $781 million for them, as of March 2026. They include 97 high-net-worth individuals and 90 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does New Vernon Wealth Management offer?","answer":"New Vernon Wealth Management provides portfolio management for individuals and small businesses and retirement plan services.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does New Vernon Wealth Management charge?","answer":"New Vernon Wealth Management charges 0.85%–1.50% a year for its Advisory Fees. The fee is billed in advance and is negotiable.","source":"NEW VERNON WEALTH MANAGEMENT, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does New Vernon Wealth Management use?","answer":"New Vernon Wealth Management’s separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $781M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does New Vernon Wealth Management have?","answer":"New Vernon Wealth Management has 1 investment adviser representative registered with state securities authorities, out of 8 employees, and 5 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 Wealth Management invest in?","answer":"At the end of its last fiscal year, New Vernon Wealth Management’s separately managed accounts held 81% exchange-traded equities, 13% cash and equivalents, 5% investment grade corporate bonds and 1% U.S. government and agency bonds.","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 Wealth Management?","answer":"New Vernon Wealth Management is owned through a holding company by Arshad Zakaria. Its direct owners are Daniel Shapiro, Steven Shapiro, Daniel Shapiro Gift Trust, Steven Shapiro Gift Trust, Mansoor Zakaria and NV Capital Holdings II, LLC, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does New Vernon Wealth Management get paid?","answer":"New Vernon Wealth Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees 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 Wealth Management?","answer":"New Vernon Wealth Management’s main office is at 799 Central Ave, Suite 350, Highland Park, IL 60035. Its phone number is 847-926-5700. Its website is newvernonwealth.com.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. 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."}