# New Vernon Wealth Management

New Vernon Wealth Management is a Bank / Wealth / Trust based in Highland Park, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Highland Park, United States
- **Region:** North America
- **Address:** Highland Park, IL, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** www.newvernonwealth.com
- **LinkedIn:** linkedin.com/company/new-vernon-wealth-management

## Regulatory record

- **CRD number:** 164775
- **SEC file number:** 801-77619
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/164775

## About

New Vernon Wealth Management is a trusted investment management firm built on deep market insight and unwavering integrity. It focuses on building long-term relationships with high net worth individuals and families by providing personalized investment advice that preserves, protects and grows their wealth. As a fee-only wealth advisor it has no conflicts with clients and serves their financial and investment needs.

## People

- Rohan Parekh — summer intern (2015)
- Rachit Tibrewala
- Mansoor Zakaria
- Amit Vaghela

## Questions

### Is New Vernon Wealth Management a fiduciary?

Yes. New Vernon operates as a registered investment advisor, which legally obligates the firm to a fiduciary standard. This means the firm must always place client interests ahead of its own, a structural differentiator from broker-dealers that operate under a lower suitability standard. The firm reinforces this posture by avoiding proprietary products and maintaining a fee-only compensation model.

### Who is the custodian for New Vernon's client assets?

The firm uses Charles Schwab & Co. as its primary independent custodian, based on public filings and industry record. This third-party custody arrangement means client securities and funds are held separately from the firm's own balance sheet, a standard protection in the RIA model. Schwab provides trade execution, statements, and online account access directly to the end client.

### What does New Vernon's fee structure look like?

The firm charges asset-based advisory fees typical of independent RIAs, calculated as a percentage of assets under management. This fee-only structure eliminates commissions on securities transactions and product sales as a source of firm revenue. Because the firm does not sell proprietary funds or insurance products, client advisory costs are transparent and fully disclosed in the firm's Form ADV filing.

### How accessible is the firm's Form ADV for due diligence?

As a Securities and Exchange Commission registered investment advisor, New Vernon's Form ADV Part 2A brochure and any Part 3 relationship summary are public records available through the SEC's Investment Adviser Public Disclosure website. These filings disclose the firm's fee schedule, disciplinary history, assets under management, services offered, and the educational and professional backgrounds of its advisory personnel.

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Last updated: 2026-08-11T15:07:34.613Z

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