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- Custodian
- Charles Schwab & Company
- Clients
- Retail and Institutional
- Platforms
- Available in AdvizorPro
- Established Date
- 01-03-2022
- Office Locations
- 3
Office Locations
About Anova Management
ANOVA Management is an SEC-registered RIA serving investors who prioritize disciplined risk management in equity portfolios. The firm’s Efficient Market Portfolio Plus (EMP+) uses proprietary algorithms to tilt away from expected lagging sectors and pairs long and short exposures to hedge systematic risk and reduce downside without forfeiting risk-adjusted returns. Strategies include EMP L (market-risk, growth-minded) and EMP B (lower-volatility, pre-retirees). Founder/CIO Wayne Penello developed a patented Performance Risk Management System (US 7,822,670 B2).
Reported data analysis
What the numbers show
Of the latest reported AUM, 100.0% is discretionary and 0.0% is non-discretionary.
The firm reports 3 advisory representatives and 52 clients, or 17.3 clients per representative. That equates to $387.9K in reported AUM per client.
The profile lists 3 reported office locations and 4 years in operation. The source data was last updated on March 31, 2026. Figures reflect reported regulatory data and may not include subsequent changes.
Team overview
Additional firm insights
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Available data coverage
- Asset Classes
- Client Personas
- Custodian
- Investment Themes
- Investment Vehicles
- Services
- Technology
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The full Anova Management record includes the detailed values behind these data categories, along with filters and export-ready prospecting fields.
Owner & Executives
WAYNE FRANK PENELLO
Chief Compliance Officer, Chief Executive Officer, Chief Investment Officer, President
- CRD
- #1006155
- Ownership
- 75% or more
Showing 1 of 1 owners & executives
Unlock allContacts
ROBERT JAMES COAKLEY
CHIEF OPERATING OFFICER
- CRD
- #1468641
ANTHONY JOHN DIPLACIDO
CHIEF MARKETING OFFICER
- CRD
- #2016906
Showing 2 of 3 contacts
Unlock allAssets Under Management
No AUM history available
| Category | Assets | AVG. Account size |
|---|---|---|
| Discretionary | $20,169,698 | -- |
| Non-Discretionary | $0 | -- |
| Total | $20,169,698 | -- |
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Separately Managed Accounts
SMA allocation detail is available
Anova Management has reported separately managed account data across 3 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.