Novant Asset Management, LLC (Winston Salem)

Novant Asset Management, LLC is a large advisory firm based in Winston Salem. It manages $799.6 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of North Carolina.

Novant Asset Management provides 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.

Novant Asset Management: assets under management

The assets under management (AUM) of Novant Asset Management, LLC is $799.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $799.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $159.92 million each.

Investments

The firm invests in government bonds the most. They account for 77% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Novant Asset Management, LLC for their services and products based on a percentage of assets under management. 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.

Careers at Novant Asset Management, LLC

The company employs 6 people that are either part- or full-time employees. 100 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.

Wayne Forrest Morgan has served as the Chief Investment Officer since 1 Aug 2007. Novant Health Inc. joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wayne Forrest Morgan	Chief investment officer	1 Aug 2007	Other	1294737
Novant Health Inc.	Managing member	1 Aug 2007	75% - 100%	56-1376950
John Joseph Muster	Chief compliance officer	1 Aug 2007	Other	1009745

Based in Winston Salem

The principal office where Novant Asset Management, LLC performs its advisory services is located at 380 Knollwood Street, Winston Salem, NC 27103, 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 (336) 277-6605 or by fax (336) 277-6975. The normal business hours are 9:00 am to 6:00 pm on Monday - Friday.