New Vernon Investment Management LLC (Highland Park)

Name: New Vernon Investment Management LLC
Address: 799 Central Ave, Highland Park, IL, 60035
Telephone: 847-926-5700

New Vernon Investment Management LLC is a large advisory firm based in Highland Park. It manages $100.99 million of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2012.

New Vernon Investment Management provides portfolio management for pooled investment vehicles 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.

New Vernon Investment Management: assets under management

The assets under management (AUM) of New Vernon Investment Management LLC is $100.99 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $100.99 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.77 million each.

New Vernon Investment Management has custody of $81.47 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay New Vernon Investment Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients New Vernon Investment Management serves?

The firm provides services to insurance companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of New Vernon Investment Management is pooled investment vehicles with 11 clients and $81.47 million of assets under management. Among the 9 most similar advisory firms, New Vernon Investment Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $100.99 million for 13 clients. None of the firm’s clients are foreign persons or businesses.

New Vernon Investment Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $250,000.

Careers at New Vernon Investment Management LLC

The company employs 12 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Nathan Shapiro	Member	1 Jul 2011	Other	420097
Daniel Mark Shapiro	Chief compliance officer/member	1 Jul 2011	Other	1989147
Steven Arthur Shapiro	Managing member	1 Jul 2011	Other	2153746
Llc Nv Capital Holdings Ii	Member	1 Jul 2011	75% - 100%	20-5520292
Gary Alan Just	Chief compliance officer	1 May 2016	Other	2101902

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Arshad Rafiq Zakaria	Member	1 Nov 2004	25% - 50%	2820745

Based in Highland Park

The principal office where New Vernon Investment Management LLC performs its advisory services is located at 799 Central Ave, Highland Park, IL 60035, 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 847-926-5700 or by fax 847-926-5701. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at newvernonfunds.com.