Novem Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, publishing newsletters, and educational seminars. Financial planning was provided to 1,000 clients last fiscal year.
Novem Group reports 3,653 clients. They include 3,253 individual clients, 260 high-net-worth individuals, and 137 pension and profit-sharing plans. Of its assets, 84.7% ($1.45B across 5,396 accounts) are managed with discretion; $263M across 175 accounts are not. A wrap fee program the firm both sponsors and manages holds $372M. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 89% | 48% |
| High-net-worth individuals | 7% | 32% |
| Banking or thrift institutions | 0% | 0% |
| Pension and profit-sharing plans | 4% | 20% |
| Charitable organizations | <1% | <1% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 3,253 | $826M | 48.1% | $254K |
| High-net-worth individuals | 260 | $547M | 31.8% | $2.1M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | 137 | $344M | 20.0% | $2.51M |
| Charitable organizations | Fewer than 5 | $1.27M | 0.1% | $636K |
| State or municipal government entities | Fewer than 5 | $118K | 0.0% | $118K |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $0 | 0.0% | — |
| Total | 3,653 | $1.72B | 100% | — |
- Clients
- 3,253
- Regulatory AUM
- $826M
- AUM share
- 48.1%
- Avg. per client
- $254K
- Clients
- 260
- Regulatory AUM
- $547M
- AUM share
- 31.8%
- Avg. per client
- $2.1M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 137
- Regulatory AUM
- $344M
- AUM share
- 20.0%
- Avg. per client
- $2.51M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.27M
- AUM share
- 0.1%
- Avg. per client
- $636K
- Clients
- Fewer than 5
- Regulatory AUM
- $118K
- AUM share
- 0.0%
- Avg. per client
- $118K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 3,653
- Regulatory AUM
- $1.72B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1000
Novem Group charges up to 2.50% a year for its Maximum Fee Schedule. The fee is billed in advance or in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial planning is charged as a flat fee, an hourly rate, or a tiered fee on account value, depending on the complexity and needs of the client.
Robert Bartolotta owns 75% or more of Novem Group. The leadership team of Novem Group includes President Patrick Manuel. It has 52 employees, 50 of them in advisory roles.
Leadership
- Patrick ManuelPresident
- Robert BartolottaCEO, CCO
Investment adviser representatives
32 representatives listed in the SEC register as of 9 October 2026.
- Kevin Glenn Albrecht
- Jeffrey Bernard Altieri
- Robert Joseph Bartolotta
- Thomas Coyle Burke
- Cynthia Mae Deal
- Amanda Rachel Esteves
- Thomas Christopher Froehlich
- Mark Peter Gatti
- Andrew Louis Gentile
- Timothy Douglas Gerlach
- Torrey James Giancursio
- Catherine Elizabeth Gueli
- Charles Gabriel Herendeen
- Kimberley Kosko
- Bruce Todd Lear
- Patrick Daniel Manuel
- Joseph George McPherson
- Adam C Morgan
- Colin J Murray
- Vincent James Palumbos
- Jeremy Thomas Raco
- Jordan Allen Reinertson
- Stephen Gerald Roehrig
- Paula Marie Rogala
- Anthony L Simonetti
- Matthew Ryan Spilfogel
- Mackenzi Elizabeth Springer
- Ronald Jack Taylor jr
- Kris Eric Tower
- Gavin James Ugone
- James William Ugone
- Daniel Robert Williams
Staff
- 52 employees
- 50 in advisory functions
- 32 state-registered reps
- 21 broker-dealer reps
- 29 insurance agents
- Owns 75% or more of Novem Group
Robert Bartolotta
Control person · since June 2011
Novem Group’s regulatory assets grew 2.1× from $832M (June 2021) to $1.72B (September 2026); clients rose from 1,487 to 3,653 and employees from 49 to 52.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $1.72B | 3,653 | 52 | 9 |
| July 2025 | $1.41B | 3,399 | 52 | 9 |
| March 2024 | $1.17B | 3,033 | 50 | 8 |
| March 2023 | $1.07B | 1,622 | 57 | 9 |
| March 2022 | $1.14B | 1,988 | 58 | 11 |
| June 2021 | $832M | 1,487 | 49 | 10 |
Besides its headquarters, Novem Group has 8 offices, with 9 listed addresses across 6 states.
New York · 3 listed addresses
- 350 Linden Oaks, Suite 140, RochesterHQ
- 2300 Buffalo Road, Rochester
- 5135 Transit Road, Depew
New Jersey · 2 listed addresses
- 1200 Route 22, East Bridgewater
- 900 Highway 71, Spring Lakes Height
Colorado · 1 listed address
- 4700 South Syracuse Street, Denver
Florida · 1 listed address
- 601 Heritage Drive, Jupiter
Massachusetts · 1 listed address
- 7 Grove Street, Topsfield
Nebraska · 1 listed address
- 2032 Brentwood Boulevard, Grand Island
Contact and registration details
- Legal name
- Novem Group
- Headquarters
- 350 Linden Oaks, Suite 140, Rochester, NY 14625
- Website
- novemgroup.com
- Phone
- 585-348-9525
- SEC file
- 801-72741
- Structure
- New York corporation
- Fiscal year end
- December
Novem Group does not have custody of client assets.
At year end, Novem Group’s separately managed accounts were mostly in funds (71%) and stocks (15%). Its reported 13F holdings for the quarter ended 30 June 2026 total $988M across 445 positions; the largest are Pimco ETF TR (4.2%), Schwab Strategic TR (4.1%) and SPDR Series Trust (2.9%).
What the accounts hold
- Stocks15%
- Funds71%
- Bonds4%
- Investment grade corporate bonds2%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash8%
- Other2%
- Derivatives2%
Reported 13F holdings
- $988M
- Reported 13F value
- 445
- Positions
- 25.9%
- In the 10 largest
- +13.1%
- Value vs. prior quarter
- Pimco ETF TR · Multisector BD4.2%
- Schwab Strategic TR · US Lcap GR ETF4.1%
- SPDR Series Trust · ST Str P500etf2.9%
- Fidelity Covington Trust · Fun Lar Cor ETF2.8%
- Pimco ETF TR · Active BD ETF2.3%
- Schwab Strategic TR · Sht TM US Tres2.0%
- Vanguard Index Fds · Growth ETF2.0%
- iShares TR · Faln Angls Usd1.9%
- Vanguard Index Fds · Value ETF1.9%
- SPDR Series Trust · ST Str P500val1.8%
Together, the ten largest are 25.9% of reported value.
How many clients does Novem Group have?
Novem Group has 3,653 clients and manages $1.72 billion for them, as of September 2026. They include 3,253 individual clients, 260 high-net-worth individuals, and 137 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 September 2026
What services does Novem Group offer?
Novem Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Novem Group charge?
Novem Group charges up to 2.50% a year for its Maximum Fee Schedule. The fee is billed in advance or in arrears and is negotiable.
How many financial advisors does Novem Group have?
Novem Group has 32 investment adviser representatives registered with state securities authorities, out of 52 employees, and 50 perform investment advisory functions. 21 employees are registered representatives of a broker-dealer and 29 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
What does Novem Group invest in?
At the end of its last fiscal year, Novem Group’s separately managed accounts held 71% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 8% cash and equivalents, 2% investment grade corporate bonds, 2% derivatives, 1% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Novem Group?
Novem Group’s direct owner is Robert Bartolotta (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 3 September 2026
How does Novem Group get paid?
Novem Group is paid through a percentage of assets under management, hourly charges and fixed fees. 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
How do I contact Novem Group?
Novem Group’s main office is at 350 Linden Oaks, Suite 140, Rochester, NY 14625. Its phone number is 585-348-9525. Its website is novemgroup.com.