Nations Financial Group, Inc. (Cedar Rapids)

Name: Nations Financial Group, Inc.
Address: 4000 River Ridge Drive Ne, Cedar Rapids, IA, 52402 7534
Telephone: 319-393-9541

Nations Financial Group, Inc. is a large advisory firm based in Cedar Rapids. It manages $1.03 billion of regulatory assets for 4,430 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Arkansas, California, and 26 other states.

Nations Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Nations Financial Group: assets under management

The assets under management (AUM) of Nations Financial Group, Inc. is $1.03 billion. The firm's AUM has grown by 2178% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $587.16 million in discretionary accounts and $443.72 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $237.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $226.97 thousand.

Nations Financial Group has custody of $982.21 million in cash and securities for 2,550 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nations Financial Group, Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nations Financial Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Nations Financial Group is individuals with 2,312 clients and $554.85 million of assets under management. Among the 11 most similar advisory firms, Nations Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.02 billion for 2,586 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Nations Financial Group doesn't advise any private funds.

Careers at Nations Financial Group, Inc.

The company employs 57 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 57 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Scott Bennett	President - cfo	1 Jan 1998	Other	858716
Kent Whitney Johnson	Chairman of the board	1 Sep 1999	50% - 75%	259800
Matthew Brent Vawter	Senior / compliance registered option principal	1 May 2000	Other	2438987
Brian Michael Wilkinson	Vice president	1 Sep 2000	Other	2244145
Stephen Michael Cairney	Compliance coordinator	1 Feb 2001	Other	3085019
Stephen Michael Cairney	Chief compliance officer	1 May 2006	Other	3085019
Erik John Bjorseth	Compliance coordinator	1 May 2006	Other	4404352
Erik John Bjorseth	Director of advisory services	1 May 2008	Other	4404352
Estate Of Kent Johnson	Shareholder	1 Mar 2009	25% - 50%	48-3381516
Mary Johnson	Executrix of estate of kent johnson	1 Mar 2009	Other	xxx-xx-xxxx
Kyle James Carter	Trading	1 Jan 2010	Other	2691081
Matthew Brent Vawter	Head of trading department	1 Aug 2011	Other	2438987
Erik John Bjorseth	Chief growth officer	1 Jan 2014	Other	4404352
Nfgi Holding Corporation	Holding corporation	1 Jan 2014	75% - 100%	46-4196781
Leslie Daniel Miller	Director of information technology & operations	1 Jan 2014	Other	5305302
Stephen Michael Cairney	Chief operating officer	1 Mar 2017	Other	3085019
Brian Michael Wilkinson	Chief compliance officer	1 Mar 2017	Other	2244145

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mary Jane Johnson	Trustee of the kent w johnson trust	1 Mar 2012	75% - 100%	xxx-xx-xxxx
Richard Scott Bennett	Shareholder	1 Jan 2014	75% - 100%	858716
The Kent W Johnson Trust	Shareholder	1 Jan 2014	25% - 50%	32-6186113

Based in Cedar Rapids

The principal office where Nations Financial Group, Inc. performs its advisory services is located at 4000 River Ridge Drive Ne, Cedar Rapids, IA 52402 7534, which is also the mailing address of the firm. An additional office of the firm is in Fort Collins, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 319-393-9541 or by fax 319-393-3903. The normal business hours are 7:30 to 4:30 on Monday - Friday. You can find more information about the New York firm at nationsfg.com/.