Novel Capital Management Advisors, LLC (Sunny Isles Beach)


Novel Capital Management Advisors, LLC is a mid-sized advisory firm based in Sunny Isles Beach. It manages $25 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida and New York.

Novel Capital Management Advisors provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Novel Capital Management Advisors: assets under management

The assets under management (AUM) of Novel Capital Management Advisors, LLC is $25 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -86% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $25 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Novel Capital Management Advisors, 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 Novel Capital Management Advisors serves?

The only and largest group of clients of Novel Capital Management Advisors is pooled investment vehicles with 1 clients and $25 million of assets under management. Among the 9 most similar advisory firms, Novel Capital Management Advisors has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $25 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Novel Capital Management Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Novel Capital Management Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 80 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.

Christopher Ryan Bauer joined the executive team most recently as the Chief Operations Officer/Chief Compliance Officer/General Counsel.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Eugene Shebayev Chief technical officer 1 Feb 2007 Other 4315450
Joseph Mark Haykov Managing member/chief executive officer/ 1 Jun 2007 75% - 100% 2390217
Christopher Ryan Bauer Chief operations officer/chief compliance officer/general counsel 1 Mar 2009 Other 5765563

Based in Sunny Isles Beach

The principal office where Novel Capital Management Advisors, LLC performs its advisory services is located at 18911 Collins Avenue, Sunny Isles Beach, FL 33160, which is also the mailing address of the firm. An additional office of the firm is in Fair Lawn, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-937-5921 or by fax 917-210-3830. The normal business hours are 8:00am-5:00pm on Monday - Friday.