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Fidelon

New Vernon Wealth Management is a investment adviser based in Highland Park, IL, that holds a 87.0/100 Fidelon TransparencyScore (th percentile), with 1 registered advisor. Score based on public SEC and FINRA filings.

87.0Transparency Score
Bottom48%

New Vernon Wealth Management

A fee-only investment adviser with a clean regulatory record and fiduciary commitment.

799 Central Ave, Suite 350, Highland Park, IL, 60035
847-926-5700Website
Investment AdviserFiduciary
Prep Kit

Fidelon Fact Sheet

New Vernon Wealth Management LLC is an investment adviser that charges asset-based fees. It is headquartered in Highland Park, Illinois. The firm provides financial planning and receives no commission income. Its regulatory record shows zero disclosures, complaints, or fines.

87.0StrongBottom 48% of scored firms
How they're paidNo advisory commissions. Other business lines not on file.
Asset-based fees
Duty to youLegally required to put your interests first.
Registered adviser · fiduciary
Assets under managementAcross 443 client accounts.
$781M
Firm size
1 advisor
Who holds your moneyThe firm reports it does not hold client funds.
No custody reported
Regulatory recordNo customer complaints, regulatory actions, or fines on file.
Clean — 0 disclosures
Based on live filings from SEC Form ADV and FINRA BrokerCheck. Scored using Fidelon's published methodology. Data as of Apr 2026

Peer Context

Compare New Vernon Wealth Management to other firms in IL →Find more financial advisors in Illinois →

Key Findings

Strengths

  • Fee-only compensation — no commission income reported
  • Registered as investment adviser with fiduciary obligation
  • No broker-dealer registration — advisory services only
  • Clean regulatory record — no disclosures, arbitrations, or fines
  • Transparent fee structure — charges advisory fees, no commissions

Things You Should Know

  • Conflict disclosure in the client summary — filings provide less detail than higher-scoring peers in this area

Conflict Audit

Conflict AuditClear

Zero material conflicts identified in regulatory filings.

✓
Not registered as broker-dealer
✓
No commission-based compensation
✓
No outside compensation sources
✓
No related-party custodian
✓
No performance-based fees
✓
No other business lines disclosed

Source: Form ADV Part 1, Items 6-8; Part 2A, Items 10-14

What this firm says about how it gets paid

“Because our fee is based on the size of your account, you will pay a larger fee to NV-WM as the assets in your account increase. NV-WM may therefore have an incentive to encourage you to increase the assets in your account, since that would result in a larger fee for NV-WM.”
“Third-Party Payments – In some cases, SFI receives a share of the following amounts that you may indirectly bear when we recommend or sell certain investments: (1) rebates from Pershing for certain administrative and/or recordkeeping services based on the average amount of client cash balances invested through a money market program; and (2) distribution fees (sometimes called "12b-1 fees") for mutual fund positions transferred into client accounts.”

Source: the firm’s own Form CRS — quoted directly

Regulatory Events

Next Steps

This firm's public filings reflect strong transparency practices. Here's what to do with that information.
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Advisor Roster

1 advisor

AdvisorScoreGrade
Daniel Mark Shapiro——

Meeting Prep Kit for New Vernon Wealth Management LLC

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✓Fiduciary status check
✓Personalized questions to ask
✓How they compare locally

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Frequently Asked Questions

What does the TransparencyScore measure?

The TransparencyScore measures how clearly and completely an advisor or firm discloses important information in their regulatory filings — things like fees, conflicts of interest, disciplinary history, and business practices. A higher score means better disclosure quality, not better investment performance.

Where does this data come from?

All data comes from public regulatory filings: SEC Form ADV (Parts 1, 2, and 3), FINRA BrokerCheck, and the SEC's Investment Adviser Public Disclosure (IAPD) database. These are official filings that firms and advisors are legally required to submit.

Does a low score mean they're a bad advisor?

Not necessarily. A low score means the firm's public filings are less transparent — they may use vague language about fees, skip details about conflicts, or have a more complex regulatory history. Some excellent advisors work at firms with poor disclosure practices. The score measures the filing, not the person.

How often is this data updated?

Fidelon refreshes data from SEC and FINRA sources on a regular schedule. Form ADV filings are updated annually by firms (with amendments throughout the year), and BrokerCheck data is updated as events are reported. Scores are recalculated after each data refresh.

Can an advisor or firm improve their score?

Yes. Scores are based on what's in public filings. A firm that rewrites its ADV brochure in clearer language, discloses conflicts more specifically, or resolves outstanding regulatory issues will see its score improve at the next refresh. The incentive structure is intentional.

Data Sources

SEC Form ADV Part 1 — Filed Mar 2026SEC Form ADV Part 2ASEC IAPDFINRA BrokerCheck

Scores are generated using Fidelon's published scoring methodology and reflect the quality of public disclosures, not the quality of investment advice. A firm that improves its disclosures will see its score improve. Fidelon does not provide investment advice.

Verify on SEC IAPD

Last scored: · Score version: 3.9 · CRD #164775