Nuwave Investment Management, LLC (Parsippany)

Name: Nuwave Investment Management, LLC
Address: 35 Waterview Boulevard, Parsippany, NJ, 07054
Telephone: 973-888-6800

Nuwave Investment Management, LLC is a large advisory firm based in Parsippany. It manages $150.62 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2009.

Nuwave Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Nuwave Investment Management: assets under management

The assets under management (AUM) of Nuwave Investment Management, LLC is $150.62 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $150.62 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $50.21 million each.

Nuwave Investment Management has custody of $131.54 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nuwave Investment Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Nuwave Investment Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Nuwave Investment Management is pooled investment vehicles with 2 clients and $131.54 million of assets under management. Among the 10 most similar advisory firms, Nuwave Investment Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $150.62 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Nuwave Investment Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Nuwave Investment Management, LLC

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. No 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 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
Troy Wayne Buckner	Manager	1 Sep 2006	Other	1572901
Llc Nuwave Principals	Member	1 Sep 2006	25% - 50%	26-2367963
Nuwave Investment Corp.	Member	1 Sep 2006	50% - 75%	65-0397274
Craig Alan Weynand	Chief compliance officer/chief operating officer	1 Apr 2009	Other	2081120

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Troy Wayne Buckner	Shareholder	1 Mar 1993	75% - 100%	1572901
Troy Wayne Buckner	Managing member	1 Jul 2006	25% - 50%	1572901
Yury Orlov	Member	1 Jul 2006	25% - 50%	5670476
John Ryan	Member	1 Jul 2006	25% - 50%	5670473
Craig Alan Weynand	Member	1 Jul 2010	25% - 50%	2081120

Based in Parsippany

The principal office where Nuwave Investment Management, LLC performs its advisory services is located at 35 Waterview Boulevard, Parsippany, NJ 07054, 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 973-888-6800 or by fax 973-888-6810. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at nuwavecorp.com.