Monday, January 30, 2012

Charlotte firm named a top emerging investment adviser

Charlotte-based Novare Capital Management has been named one of the top emerging Registered Investment Adviser in this month's Financial Planning Magazine.

The designation goes to firms whose assets under management have grown more than 30 percent since December 2008. Novare, founded in 2000, grew 113 percent between December 2008 and the end of 2010, according to the magazine's data, reaching $385 million in assets under management.

Novare now has $460 million under management spanning 190 families, the firm reports.

"We are very happy with our growth over the last few years, and the most important measure of success is seeing our clients' success and their confidence in our firm," managing director and co-founder Don Olmstead said in a statement.