DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Nova Wealth Management Group, LLC

Former SEC-registered adviserAtlanta, GeorgiaCRD 125489SEC 801-63179IAPD
Latest filing Feb 26, 2020
First filing on the tape Mar 1, 2012 · 17 filings
RAUM
$489M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$489M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$489M as of Feb 26, 2020
Mar 1, 2012$177M then
HNW client RAUM$458M as of Feb 26, 2020
Mar 21, 2018$397M then
State-registered IARs (5.B.3)7 as of Feb 26, 2020
Mar 23, 20132 then
Employees (5.A)8 as of Feb 26, 2020
Mar 23, 20135 then
Private funds: no history
RAUM +18% over the last fiscal year+17% a year over threeIARs 7 to 7
Practice profile
derived from the filing of Feb 26, 2020; every figure names its basis
RAUM per advisor
$69.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
28derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.1MderivedHNW RAUM over HNW clients
Average account
$582,128derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.1derivedItem 5.A over advisors
Advisors per office
7.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+18%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+7.1%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, otherreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$458M94%
  • Individuals$30.8M6.3%
  • Pension and profit-sharing plans$260,0710.1%
  • Corporations and businesses$29,1110.0%
Individual clients
85reported
HNW clients
111reported
Pension plan clients
2reported
Charitable clients
n/areported
Accounts
840reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • M. Sam Bromberg · Managing Membercontrol
      since 03/1999 · owns 25% to 50%
    • Jeffrey Cohen · Managing Membercontrol
      since 03/1999 · owns 25% to 50%
    • K James Underwood · Chief Compliance Officercontrol
      since 01/2018 · owns 5% to 10%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 944 to 840
      Mar 14, 2019 to Feb 26, 2020
    • HNW clients · 102 to 111
      Mar 14, 2019 to Feb 26, 2020
    • Individual clients · 81 to 85
      Mar 14, 2019 to Feb 26, 2020
    • Pension plan clients · 4 to 2
      Mar 14, 2019 to Feb 26, 2020
    • Assets in custody · unset to 282474383.0
      Mar 14, 2019 to Feb 26, 2020
    • Discretionary RAUM · $413M to $488M
      Mar 14, 2019 to Feb 26, 2020
    • HNW RAUM · $388M to $458M
      Mar 14, 2019 to Feb 26, 2020
    • Individual RAUM · $25.2M to $30.8M
      Mar 14, 2019 to Feb 26, 2020
    • Non-discretionary RAUM · $546,128 to $606,516
      Mar 14, 2019 to Feb 26, 2020
    • Pension RAUM · $0 to $260,071
      Mar 14, 2019 to Feb 26, 2020
    • RAUM · $413M to $489M
      Mar 14, 2019 to Feb 26, 2020
    • Accounts · 1,030 to 944
      Jan 29, 2019 to Mar 14, 2019
    • HNW clients · 104 to 102
      Jan 29, 2019 to Mar 14, 2019
    • Individual clients · 79 to 81
      Jan 29, 2019 to Mar 14, 2019
    • Pension plan clients · unset to 4.0
      Jan 29, 2019 to Mar 14, 2019
    • Discretionary RAUM · $424M to $413M
      Jan 29, 2019 to Mar 14, 2019
    • HNW RAUM · $397M to $388M
      Jan 29, 2019 to Mar 14, 2019
    • Individual RAUM · $26.8M to $25.2M
      Jan 29, 2019 to Mar 14, 2019
    • Non-discretionary RAUM · $606,333 to $546,128
      Jan 29, 2019 to Mar 14, 2019
    • Pension RAUM · unset to 0.0
      Jan 29, 2019 to Mar 14, 2019
    • RAUM · $425M to $413M
      Jan 29, 2019 to Mar 14, 2019
    • Accounts · 782 to 1,030
      Jan 24, 2018 to Mar 21, 2018
    • Advisory employees · 6 to 7
      Jan 24, 2018 to Mar 21, 2018
    • Corporate clients · unset to 1.0
      Jan 24, 2018 to Mar 21, 2018
    • HNW clients · unset to 104.0
      Jan 24, 2018 to Mar 21, 2018
    • Individual clients · unset to 79.0
      Jan 24, 2018 to Mar 21, 2018
    • Employees · 7 to 8
      Jan 24, 2018 to Mar 21, 2018
    • State-registered IARs · 6 to 7
      Jan 24, 2018 to Mar 21, 2018
    • Discretionary RAUM · $307M to $424M
      Jan 24, 2018 to Mar 21, 2018
    • HNW RAUM · unset to 397301136.0
      Jan 24, 2018 to Mar 21, 2018
    • Individual RAUM · unset to 26756667.0
      Jan 24, 2018 to Mar 21, 2018
    • Non-discretionary RAUM · $532,610 to $606,333
      Jan 24, 2018 to Mar 21, 2018
    • RAUM · $308M to $425M
      Jan 24, 2018 to Mar 21, 2018
    • Other offices · unset to 0.0
      May 26, 2017 to Jan 24, 2018
    • Accounts · 973 to 782
      Dec 7, 2016 to Mar 27, 2017
    • State-registered IARs · 4 to 6
      Dec 7, 2016 to Mar 27, 2017
    • Discretionary RAUM · $272M to $307M
      Dec 7, 2016 to Mar 27, 2017
    • Non-discretionary RAUM · $499,955 to $532,610
      Dec 7, 2016 to Mar 27, 2017
    • RAUM · $273M to $308M
      Dec 7, 2016 to Mar 27, 2017
    • Accounts · 808 to 973
      Mar 31, 2015 to Mar 23, 2016
    Signals
    2 dated events
    • K James Underwood (Chief Compliance Officer) appeared on Schedule A of Nova Wealth Management Group, Llc
      Mar 14, 2019 · Control person joined · fact
    • Nova Wealth Management Group, Llc reported RAUM $424.9M, up 38% from $307.8M (2018-01-24 to 2018-03-21)
      Mar 21, 2018 · RAUM change · derived
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026