Anova Management
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$19,280,745
Clients
40
Advisors
3
across 2 offices
About
ANOVA Management provides discretionary investment management to individuals and high‑net‑worth clients, as well as trusts, estates, charitable organizations, corporations, and other business entities, and does not impose an account minimum. Services focus on portfolio management using exchange‑traded funds and periodic rebalancing under a written advisory agreement.
The firm’s investment approach centers on its Efficient Market Portfolio Plus (EMP Plus) strategy, which applies quantitative algorithms to detect an “upward bias” and shifts allocations between broad equity ETFs, cash or cash equivalents, and, at times, defensive short ETF positions to seek lower drawdowns. ANOVA uses pro forma (hypothetical) performance modeling to set thresholds for those defensive moves and generally manages client accounts on a discretionary basis.
ANOVA is under common ownership with an affiliated, SEC‑registered adviser that sponsors an affiliated ETF (launched in 2024), and the brochure discloses this relationship along with mitigation steps such as not charging advisory fees on client assets invested in the affiliated ETF. The firm’s advisory scope is notably concentrated on that affiliated ETF rather than broad third‑party manager selection, which is a distinguishing feature relative to many peers.
Client services
Expertise
Fee options
Up to 1.00% annually
Main office
See officeColumbus TX
Advisors at this office
2
Most active in
Florida · New York · Texas
Also doing business as
Anova Management · Anova Management Inc.
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
Robert C
Series 65
Columbus, TX
Anova Management
Robert Coakley is a Series 65-licensed advisor at Anova Management with three years of industry experience. He serves as CEO of Natured Ease, a company specializing in broad spectrum hemp CBD products, including tinctures and creams. His prior experience includes roles at The CBD Factories, Blutonic, Inc., and Coed Media Group LLC. Anova Management provides discretionary investment management to individuals, high-net-worth clients, and various entities, focusing on portfolio management using exchange-traded funds and a quantitative strategy called Efficient Market Portfolio Plus to manage risk and asset allocation.
Wayne P
Series 65
Columbus, TX
Anova Management
Wayne Penello is a financial advisor at Anova Management with four years of industry experience. He holds a Series 65 designation and has previously worked at NextGen EMP and Risked Revenue Energy Associates. Outside of advising, he serves on the board of directors for AEGIS-HEDGING SOLUTIONS, a company focused on commodities research and portfolio management software, and is a co-author of the book *Risk is an Asset*. Anova Management provides discretionary investment management to individuals, high-net-worth clients, and various entities without account minimums. The firm’s approach centers on its Efficient Market Portfolio Plus strategy, which uses quantitative algorithms to adjust allocations among broad equity ETFs, cash, and defensive short ETF positions to manage risk and seeks lower drawdowns.
Anthony D
Series 65
West Islip, NY
Anova Management
Anthony Diplacido is a financial advisor at Anova Management with four years of industry experience. He holds a Series 65 credential and serves as president and CEO of Life Design Construction, Inc., a home remodeling company. Diplacido has worked at Anova Management since 2022 and has prior experience with Nextgen Emp, LLC and World Light Tech, Inc. Anova Management provides discretionary investment management to individuals, high-net-worth clients, trusts, estates, charitable organizations, and corporations. The firm’s approach focuses on portfolio management using exchange-traded funds and periodic rebalancing, centered on its Efficient Market Portfolio Plus strategy that applies quantitative algorithms to adjust allocations for risk management.
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