Nbz Investment Advisors, LLC (Knoxville)

Name: Nbz Investment Advisors, LLC
Address: 4110 Sutherland Avenue, Knoxville, TN, 37919
Telephone: 865.584.1184

Nbz Investment Advisors, LLC is a large advisory firm based in Knoxville. It manages $195.1 million of regulatory assets for 365 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Tennessee.

Nbz Investment Advisors provides portfolio management for individuals and small businesses, pension consulting services, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nbz Investment Advisors: assets under management

The assets under management (AUM) of Nbz Investment Advisors, LLC is $195.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 617% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $195.1 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $534.51 thousand each.

Nbz Investment Advisors has custody of $2.92 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 82% of the total AUM. The second-largest asset type is state and local bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nbz Investment Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nbz Investment Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Nbz Investment Advisors is high net worth individuals with 56 clients and $163.93 million of assets under management. Among the 7 most similar advisory firms, Nbz Investment Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $195.1 million for 150 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Nbz Investment Advisors doesn't advise any private funds.

Careers at Nbz Investment Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 5 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
Jeffrey Halver Novinger	Managing member	1 Jul 1995	50% - 75%	4602506
Richard Ira Zivi	Managing member, chief compliance officer	1 Jul 1995	50% - 75%	4602508
Roger Lee Ball	Managing member	1 Jul 1995	25% - 50%	4602503

Based in Knoxville

The principal office where Nbz Investment Advisors, LLC performs its advisory services is located at 4110 Sutherland Avenue, Knoxville, TN 37919, 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 865.584.1184 or by fax 865.558.6192. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at nbzcpa.com.