Financier with Woodstock Ties Deceased

Windsor Police confirm that officers responded to an untimely death on Blood Hill Road in West Windsor over the weekend, the home of Peter Novello.  Chief of Police Soares will be issuing a preliminary press statement on Mr. Novello’s death later today.

Within our community, first news emerged of the financier’s passing on Monday when several sources reported children were told in an elementary school class that a child would be out of school for awhile because his Daddy had died.

Mr. Novello was 58 years old.

Awaiting a formal statement, we tried to contact the family via Planned Parenthood where Novello’s wife works and via Mr. Novello’s firm, The Far Hills Group, LLC, in New York City. At the time, principals of the firm said they had “no comment”” and that “it is a personal matter.”

Mr. Novello was known here in Woodstock for his investment in a lovely, thorough and complete restoration of the historic stone building at “Four the Green” in Woodstock Village.

He and his wife Renee Novello also own the 6 Mechanic Street building (the former “Zack’s Place”) — thought to have been made from cast off stones from Four the Green — which they also invested in by having that stonework  touched up this past summer. The couple had been pursuing a zoning permit to turn that building into an antiques shop and had a sign made that dubbed it “The Worthy Man House”

The family is also well-known to South Woodstock residents who were shocked to hear the news of Mr. Novello’s passing.

Aside from his purely financial concerns, Mr. Novello also made news a few years ago (written up in the New York Times) for his restoration of an historic building at New York City’s Beekman Place, the former home of landscape architect Ellen Biddle Shipman.

Mr. Novello was also known for his political fundraising as one of Vermont’s “mega-donors” to President Barack Obama.  (However, campaign finance records show that his firm has — in the past — also contributed major financial support to Republican candidates and the New Jersey Republican Party).

Here is an obituary for Mr. Novello provided by the Cabot Funeral Home and his family:

West Windsor, Vermont – Peter Jon Novello, 58, died at his home on September 30, 2012. He was born on June 12, 1954 in Orange, NJ. He graduated from Rutger’s University.  He was the founder of Far Hills Group based in New York City. Peter is Survived by his wife Renee Johannensen Novello, West Windsor, his children; Benjamin, and Peter Ross, of Burlington, Phoebe and Stephen Flynn of West Windsor, his Mother Clementine of Fort Lauderdale, his brother Benjamin of Tampa, Fl, his sister Lori Cortese of Fort Lauderdale, Fl, and his nieces and nephews.  He is pre deceased by his father James Fiore.

The Cabot Funeral Home is handling arrangements for the Novello family. Visiting hours will be held tomorrow (Thursday) from 6pm to 8pm at the Cabot Funeral Home.

A funeral service will be held Friday, October 5th at 3pm at the Unitarian Universalist Chapel.

Memorial donations may be made to Planned Parenthood of Northern New England.

A more complete obituary will appear at a later date.

Also, here is the biography for Mr. Novello from his firm, The Far Hills Group website:

Novello founded the Far Hills Group in 1990. He has more than 20 years of experience in placing assets from institutions, both domestic and international, into a variety of alternative investment vehicles.

Prior to the formation of the Far Hills Group, Mr. Novello was the Vice President and Director of Marketing for Brookehill Equities in New York. Mr. Novello joined Brookehill to restructure the alternative product offerings for the US institutional marketplace, and then to place assets into those funds.

From 1986 to 1988, Mr. Novello was the Vice President in charge of Marketing for Atlanta Sosnoff Capital, a $5 billion investment advisory firm. He directed a marketing team that focused primarily on large US institutional investors. Mr. Novello played a key role in increasing assets at the firm by more than $2 billion during his tenure.

From 1984 to 1986, Mr. Novello was in charge of large-bank relationships in the US and Canada for SEI Corporation, which at the time was the largest pension consulting firm in the US. Mr. Novello’s earlier career included consulting and sales positions at Martin Marietta Corporation and Sperry Univac (now UNISYS).

Mr. Novello is a member of the Board of Trustees at Monmouth University, Monmouth Medical Center, and the Rumson Country Day School.

Mr. Novello has previously served on the boards of The New Jersey Commerce and Economic Growth Commission, The Foodbank, The Monmouth Conservation Foundation, and Monmouth Healthcare Foundation. Mr. Novello holds a BA degree from Rutgers University.

3 responses to this post.

  1. Posted by Tracey Dugdale on October 3, 2012 at 10:56

    Very sad to hear of my neighbors death over the weekend.. Please be respectful of the family wishes to be left alone at this time.


  2. Posted by John Steele on October 5, 2012 at 11:59

    I don’t understand why you would call his family or his firm.

    WEB Reply:

    Mr. Steele,

    In answer to your questions, simply put: that is what reporters do in attempts NOT to report rumor.

    We had unsubstantiated word and wanted a direct source for confirmation or comment. It is pretty straightforward reporting protocol. It is actually what responsible reporters do.

    We don’t print rumor. We check out the story to find out if there is any truth to it. In fact, I printed nothing for 36 hours until we had police confirmation.


  3. Posted by renee novello on October 21, 2012 at 08:47

    I’m not sure why you felt a need to give so much detail and try to develope intrigue about my husband’s death. I gave the information that I thought others would want to know in his orbituary that ran in many papers. Anyone with a real need for more information out of curiosity could always google his name on their own. I don’t know why you felt a need to discuss my husband’s political bends. The reason that he gave to various party candidates was that he was an independent and would vote and support who he thought was the best candidate. A rare bird nowadays.


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