Noven Financial Group, Inc. (Denver)

Name: Noven Financial Group, Inc.
Address: 1777 S. Harrison Street, Denver, CO, 80210
Telephone: 303-782-9100

Noven Financial Group, Inc. is a large advisory firm based in Denver. It manages $239.05 million of regulatory assets for 870 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Colorado, Florida, Illinois, and Texas.

Noven Financial Group provides financial planning services, portfolio management for individuals and small businesses, and market timing services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Noven Financial Group: assets under management

The assets under management (AUM) of Noven Financial Group, Inc. is $239.05 million. The firm's AUM has grown by 116% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $212.3 million in discretionary accounts and $26.75 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $255.17 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $704.07 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 39% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Noven Financial Group, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Daniel Albert Noven serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Daniel Albert Noven is high net worth individuals with 67 clients and $188.6 million of assets under management. Among the 10 most similar advisory firms, Noven Financial Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $236.67 million for 189 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Noven Financial Group doesn't advise any private funds.

Careers at Noven Financial Group, Inc.

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Daniel Albert Noven has been acting as President since 1 Jul 1995. Anjanette Monique Phetteplace joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Albert Noven	President	1 Jul 1995	75% - 100%	4537156
Anjanette Monique Phetteplace	Chief compliance officer	1 Jan 2005	Other	5074559

Based in Denver

The principal office where Noven Financial Group, Inc. performs its advisory services is located at 1777 S. Harrison Street, Denver, CO 80210, 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 303-782-9100 or by fax 303-782-9722. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at novenfinancialgroup.com.