Description of Firm Nova R Wealth, Inc. is a registered investment adviser based in Overland Park, Kansas. We are organized as a corporation under the laws of the State of Kansas. We have been providing investment advisory services since August 2014. We are owned by Timothy Ray Rodgers.
The following paragraphs describe our services and fees. Refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we," "our," "Firm," and "us" refer to Nova R Wealth, Inc. and the words "you," "your," and "client" refer to you as either a client or prospective client of our Firm.
Wealth Management Services We provide our clients with wealth management services, which generally includes discretionary management of investment portfolios in connection with a broad range of financial planning and consulting services.
Investment Management Services We provide customized investment management solutions through continuous personal client contact and interaction while providing discretionary investment management and financial planning services. We may also provide both of these services as a wealth management offering.
We work with you to identify your investment goals and objectives as well as risk tolerance and financial situation in order to create a portfolio strategy. We will then construct a portfolio, consisting of primarily of diversified mutual funds and/or exchange-traded funds ("ETFs") to achieve your investment goals. We may also utilize individual stocks and bonds as well as independent third-party managers, as appropriate, to meet the needs of certain clients.
Where appropriate, we will recommend investments in the privately-offered securities of certain issuers, including early-stage and growth-stage companies. Typically, such securities are only offered to investors that satisfy investor eligibility criteria, including the fact that such issuers will typically require investors to be "accredited investors" as defined in Rule 501(a) under Regulation D under the Securities Act of 1933. There are significant risks associated with investments in such privately-offered securities, only some of which are described below in Methods of Analysis, Investment Strategies and Risk of Loss section - Item 8. The risk factors and conflicts of interest pertaining to investments in such privately-offered securities are often found in the private placement memoranda or other risk disclosure documents distributed by such issuers. It is imperative for investors to whom such securities are recommended to read such offering materials to familiarize themselves with the specific risks associated with each such investment. In certain circumstances, conflicts of interest exist when we recommend an investment in such privately-offered securities, particularly where one or more of our principals or employees maintains an existing ownership stake in the securities of such issuers. In such circumstances, we have an incentive to recommend an investment in such privately-offered securities in order to promote the success of the company, which, in turn, will benefit any investment in such company made by any of our principals or employees.
Where appropriate, we may also provide advice regarding legacy holdings or securities not maintained at the primary custodian, such as retirement plans, education savings plans and insurance products. In such instances, we may not have the authority to direct the trading or allocation of these assets. You may be required to implement any recommendations made by us.
4 Our investment strategy is primarily long-term focused, but we may buy, sell or re-allocate positions that have been held less than one year to meet your objectives due to market conditions. We will construct, implement and monitor the portfolio to ensure it meets the goals, objectives, circumstances, and risk tolerance agreed to by you. Each client will have the opportunity to place reasonable restrictions on the types of investments to be held in their respective portfolio, subject to acceptance by our Firm.
We evaluate and select investments for inclusion in client portfolios only after applying our internal due diligence process. We may recommend, on occasion, redistributing investment allocations to diversify the portfolio. We may also recommend specific positions to increase sector or asset class weightings. Additionally, we may recommend employing cash positions as a possible hedge against market movement. Lastly, we may recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or losses, business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the positions in the portfolio, a change in your risk tolerance, generating cash to meet your needs, or any risk deemed unacceptable based on your risk tolerance.
If you participate in our discretionary investment management services, we require you to grant our Firm discretionary authority to manage your account. Discretionary authorization will allow us to determine the specific securities, and the amount of securities, to be purchased or sold for your account without obtaining your approval prior to each transaction. We will also have discretion over the broker or dealer to be used for securities transactions in your account. Discretionary authority is typically granted by the investment advisory agreement you sign with our Firm and the appropriate trading authorization forms.
We may also offer non-discretionary investment management services. If you enter into non- discretionary arrangements with our Firm, we must obtain your approval prior to executing any transactions on behalf of your account. You have an unrestricted right to decline to implement any advice provided by our Firm on a non-discretionary basis.
If (i) the Client has certain legacy positions that it would like to transfer and retain in their account or (ii) during the term of this Agreement, the Adviser purchases specific individual securities for the account at the direction of the Client (i.e., the request to purchase was initiated solely by the Client), the Client acknowledges that the Adviser shall do so as an accommodation only, and that the Client shall maintain exclusive ongoing responsibility for monitoring any and all such individual securities, and the disposition thereof, whether or not such securities are included on any performance reports.
Financial Planning We may provide a variety of complimentary financial planning services to clients as part of our wealth management services as stated in our wealth management agreement. Services are offered in several areas based on your financial situation, depending on your goals, objectives and financial situation. Generally, such financial planning services will involve preparing a financial plan or rendering a financial consultation based on your financial goals and objectives. This planning or consulting may encompass one or more areas of need, including, but not limited to: Savings and Distribution StrategyGifting and Philanthropy Tax ManagementLegacy Planning Social Security and/or Pension StrategyBusiness Succession and Liquidation Insurance: Life, Disability, LTCParental Care Special PurchasesDebt Management Education PlanningSpecial Family Health Needs Planning 5 As part of our investment management services, we may use one or more independent third-party managers to manage a portion of your account on a discretionary basis. The independent third-party managers may use one or more of their model portfolios to manage your account. Please see the Selection of Other Advisers sub-section below for complete details.
Selection of Other Advisers We may recommend that you use the services of a third party money manager ("TPMM") to manage all, or a portion of, your investment portfolio. After gathering information about your financial situation and objectives, we may recommend that you engage a specific TPMM or investment program. Factors that we take into consideration when making our recommendation(s) include, but are not limited to, the following: the TPMM's performance, methods of analysis, fees, your financial needs, investment goals, risk tolerance, and investment objectives. We will monitor the TPMM(s)' performance to ensure its management and investment style remains aligned with your investment goals and objectives.
The TPMM(s) will actively manage your portfolio and will assume discretionary investment authority over your account. We will assume discretionary authority to hire and fire TPMM(s) and/or reallocate your assets to other TPMM(s) where we deem such action appropriate.
We have entered into a contractual relationship with Dynasty Financial Partners, LLC ("Dynasty"), which provides us with operational and back office support including access to a network of service providers. Through the Dynasty network of service providers, we may receive preferred pricing on trading technology, reporting, custody, brokerage, compliance and other related services. Dynasty charges a "Platform Fee," which, unless otherwise disclosed, is included in our annual investment management fee described in Item 5 below. In addition, Dynasty's subsidiary, Dynasty Wealth Management, LLC ("DWM") is an SEC registered investment adviser,

that provides access to a range of investment services including: separately managed accounts ("SMA"), mutual fund and ETF asset allocation strategies, and unified managed accounts ("UMA") managed by external third party managers (collectively, the "Investment Programs"). We may separately engage the services of Dynasty and/or its subsidiaries to access the Investment Programs. Under the SMA and UMA programs. We will maintain the ability to select the specific, underlying third party managers that will, in turn, have day-to-day discretionary trading authority over the requisite client assets.
DWM sponsors an investment management platform (the "Platform" or the "TAMP") that is available to the advisers in the Dynasty Network, such as us. Through the Platform, DWM and Dynasty collectively provides certain technology, administrative, operations and advisory support services that allow us to manage our own client portfolios and access independent third-party managers that provide discretionary services in the form of traditional managed accounts and investment models. We can allocate all or a portion of client assets among the different independent third-party managers via the Platform. We may also use the model management feature of the TAMP by creating our own asset allocation model and underlying investments that comprise the model. Through the model management feature, we may be able to outsource the implementation of trade orders and periodic rebalancing of the model when needed.
We will maintain the direct contractual relationship with you and obtain, through such agreements, the authority to engage independent third-party managers, DWM and/or Dynasty, as applicable, for services rendered through the Platform in service to you. We may delegate discretionary trading authority to DWM and/or independent third-party managers to effect investment and reinvestment of client assets with the ability to buy, sell or otherwise effect investment transactions and allocate client assets. If you are participating in certain Investment Programs, DWM or the designated manager, as 6 applicable, is also authorized without prior consultation with either us or you to buy, sell, trade or allocate your assets in accordance with your designated portfolio and to deliver instructions to the designated broker-dealer and/or custodian of your assets.
Financial Planning and Consulting Services For financial planning or consulting engagements that fall outside the wealth management services, we offer these advisory services on an à la carte basis. These single subject planning and consulting services include, but are not limited to, the same topics listed in the Financial Planning sub-section above.
A financial plan or financial consultation rendered to a client will usually include general recommendations for a course of actions or a specific activity to be taken by the client. For example, recommendations may be made that you engage an investment program or revise a current investment program, commence or alter retirement savings, establish education savings and/or charitable giving programs. We may also refer you to an accountant, attorney or another specialist, as appropriate for your unique situation. For certain financial planning engagements, we will provide a written summary of your financial situation, observations, and recommendations. For consulting or ad- hoc engagements, we may not provide a written summary. Plans or consultations are typically completed within six months of contract date, assuming all information and documents requested are provided promptly.
Financial planning and consulting recommendations may pose a conflict of interest. For example, a recommendation to engage us for investment management services or to increase your level of investment assets with us would pose a conflict, as it would increase the advisory fees paid to our Firm. You are not obligated to implement any recommendations made by us or maintain an ongoing relationship with us. If you elect to act on any of the recommendations made by us, you are under no obligation to implement the transaction through us. Moreover, you may act on our recommendations by placing securities transactions with any brokerage firm.
Pension Consulting Services We offer pension consulting services to employee benefit plans and their fiduciaries based upon the needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these services may include an existing plan review and analysis, plan-level advice regarding fund selection and investment options, education services to plan participants, investment performance monitoring, and/or ongoing consulting. These pension consulting services will generally be non-discretionary and advisory in nature. The ultimate decision to act on behalf of the plan shall remain with the plan sponsor or other named fiduciary.
We may also assist with participant enrollment meetings and provide investment-related educational seminars to plan participants on such topics as:
•Diversification;
•Asset allocation;
•Risk tolerance; and
•Time horizon.
Our educational seminars may include other investment-related topics specific to the particular plan.
7 We may also provide additional types of pension consulting services to plans on an individually negotiated basis. All services, whether discussed above or customized for the plan based upon requirements from the plan fiduciaries (which may include additional plan-level or participant-level services) shall be detailed in a written agreement and be consistent with the parameters set forth in the plan documents.
Either party to the pension consulting agreement may terminate the agreement upon written notice to the other party in accordance with the terms of the agreement for services. The pension consulting fees will be prorated for the quarter in which the termination notice is given and any unearned fees will be refunded to the client.
Held Away Accounts Certain client accounts subject to the Firm's services are held at a custodian that are not directly accessible by the Firm ("Held Away Accounts"). These are primarily 401(k) accounts, 403(b) accounts, 457 plans, and profit sharing plans. We have the ability to, but are not required to, manage these Held Away Accounts using a third party order management system that allows us to view and manage these assets. Using the third party order management system will give the Adviser the ability to effect trades in the held away account and view account information. You acknowledge that we are limited in investment choices by what is available in your plan.
Types of Investments We offer advice on mutual funds, exchange traded funds ("ETFs"), equity securities (including those of private issuers) and corporate debt securities. Additionally, we may advise you on various types of investments based on your stated goals and objectives.
We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship. Since our investment strategies and advice are based on each client's specific financial situation, the investment advice we provide to you may be different or conflicting with the advice we give to other clients regarding the same security or investment.
Wrap Fee Programs We do not participate in any wrap fee program.
Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best interest;
•Charge no more than is reasonable for our services; and 8
•Give you basic information about conflicts of interest. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and our advisory fees. In contrast, we receive less or no compensation if assets remain in the current plan or are rolled over to another Company plan in which you may participate.
Assets Under Management As of December 31, 2023, we provide continuous management services for $382,789,736 in client assets on a discretionary basis, and $9,104,511 in client assets on a non-discretionary basis.