DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Nations Financial Group, Inc.

Independent wealth managerCedar Rapids, IowaCRD 44181SEC 801-57407websiteIAPD
Latest filing Mar 18, 2026
First filing on the tape Mar 2, 2012 · 40 filings
SEC status approved since May 3, 2000
RAUM
$4.8B
reported, Item 5.F
Discretionary
78%
of RAUM
Private clients
96%
$4.6B individuals and HNW
Advisors
89
registered through the firm on IAPD
RAUM per advisor
$53.6M
derived; firm RAUM over IAPD count
Employees
94
81 advisory (5.B.1)
Offices
39
beyond the principal office
Private funds
0
reported on Schedule D
History
40 filings and snapshots on the tape
RAUM$4.8B as of Mar 18, 2026
Mar 2, 2012$250M then
HNW client RAUM$3.4B as of Mar 18, 2026
Mar 14, 2018$433M then
State-registered IARs (5.B.3)81 as of Mar 18, 2026
Mar 2, 20120 then
Employees (5.A)94 as of Mar 18, 2026
Feb 4, 201352 then
Private funds: no history
RAUM +23% over the last fiscal year+17% a year over threeIARs 87 to 81offices 35 to 39
Practice profile
derived from the filing of Mar 18, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Multi-office growth platform · an independent wealth manager (not a wirehouse, national broker-dealer RIA or broker-dealer affiliated firm) with at least five offices, at least 50 advisors, and RAUM up at least 20 percent over the last annual amendment
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$53.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
61derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.1MderivedHNW RAUM over HNW clients
Average account
$452,916derivedRAUM over accounts (5.F.2.f)
Discretionary
78%derivedof RAUM
Institutional
1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
2.3derived40 offices incl. principal (1.F.5)
RAUM growth, one year
+23%derivedbetween the last two annual amendments
Advisor growth, one year
-6.9%derivedItem 5.B.3 between annual amendments
Client growth, one year
+3.2%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Wrap fee program
$2.4BreportedItem 5.I
Custody
$4.7B, 5,559 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$3.4B71%
  • Individuals$1.2B25%
  • Corporations and businesses$113M2.4%
  • Pension and profit-sharing plans$32.8M0.7%
  • Charitable organizations$26.0M0.5%
Individual clients
3,900reported
HNW clients
1,625reported
Pension plan clients
14reported
Charitable clients
16reported
Accounts
10,535reported
Financial planning clients
0reported
Wrap fee programs
$0 sponsored, $1.8B managedreported
Custody of client assets
$4.7B for 5,559 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=79.0derived
Advisors registered through the firm
90 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Richard Scott BennettCedar Rapids, IaJul 13, 200045 y0
Eugene Vincent WehrheimCedar Rapids, IaJan 19, 200139 y0
Stephen Michael CairneyCedar Rapids, IaJan 4, 200227 y0
Eugene Vincent WehrheimCedar Rapids, IaApr 6, 200429 y0
William Edward ShepardCedar Rapids, IaFeb 9, 200540 y1
David Alan CoinerChartered Financial ConsultantDavenport, IaApr 7, 200536 y3
Robert Evans RussellNaples, FlJun 22, 200537 y1
Martha Shepard MccurryCedar Rapids, IaJul 22, 200525 y0
Nicolle Leann LandwehrCertified Financial PlannerSeaside, OrDec 7, 200530 y1
Aaron Drew SanstrumGresham, OrDec 12, 200530 y1
Erik John BjorsethCedar Rapids, IaMar 7, 200624 y0
Ross Eugene DevaloisIowa City, IaJun 9, 200644 y0
William Edward CoanIowa City, IaOct 24, 200640 y0
Michelle Anne BlendermanAmes, IaMay 31, 200723 y1
Gary Robert CarlsonUrbandale, IaJul 25, 200741 y2
Jordan Paul BennettCedar Rapids, IaJul 12, 201016 y0
Rochelle Marie Henry ErnbergerCedar Rapids, IaSep 30, 201134 y1
Steven Mark LoeschCedar Rapids, IaOct 18, 201232 y1
Deborah Kay JohnsonCedar Rapids, Ia Oct 18, 201241 y1
Max Louis CondeManhattan, Ks Jan 9, 201329 y0
Rachel Ann WehrheimCedar Rapids, IaApr 18, 201324 y0
Bradley Paul ZwanzigerHiawatha, IaMay 12, 201416 y0
Matthew Brent VawterCedar Rapids, IaFeb 9, 201531 y0
Brian Gray SteinCedar Rapids, Ia Dec 23, 201526 y1
Rylan E DevaloisIowa City, IaJan 8, 201623 y0
Jamie William McdonaldCertified Financial PlannerCedar Rapids, Ia Jun 16, 201623 y5
Chad Joseph KruseDubuque, Ia Jun 30, 201627 y2
Kyle David WinterWaterloo, Ia Oct 11, 201623 y2
Ryan Richard RuffcornCedar Rapids, Ia Oct 11, 201630 y2
Mark Alan GeertsmaCertified Financial PlannerCedar Rapids, Ia Oct 24, 201638 y3
Aaron TankCedar Rapids, IaApr 10, 201811 y3
Robert Emmett LeeCertified Financial PlannerDubuque, IaJul 1, 201918 y3
Joseph Constantine BernardiCertified Financial PlannerDubuque, IaJul 1, 201942 y3
Edward Rissell MunchWayne, Pa Aug 30, 201911 y1
Andrew M MccloskeyWayne, Pa Sep 6, 201920 y3
Carol Anne MayhartChartered Financial ConsultantWayne, Pa Sep 6, 201921 y2
Maureen B KozakCertified Financial PlannerWayne, Pa Sep 6, 201926 y1
Ryan Scott TomkinsonCertified Financial Planner, Chartered Financial ConsultantCedar Rapids, Ia Sep 6, 201919 y1
Edward Scott D'EntremontCedar Rapids, Ia Sep 6, 201932 y2
Tyler David CoinerDavenport, IaSep 27, 201913 y0
All 90 advisors at Nations Financial Group, Inc.
Advisor movement
9 left, 7 joined in 12 months
net -2 in 12 months1 left in 90 days2 joined in 90 daysdeparture rate 10% of current headcount14 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Richard Scott Bennett · Ceo - Cfocontrol
    since 01/1998 · owns less than 5%
  • Stephen Michael Cairney · President Officercontrol
    since 03/2025 · owns less than 5%
  • Tracey Lynn Krousie · Chief Operations Officercontrol
    since 10/2025 · owns less than 5%
  • Vicki Lin Reighard-Kean · Chief Compliance Officercontrol
    since 08/2025 · owns less than 5%
  • Richard Scott Bennett · Shareholdercontrol
    since 01/2014 · owns 75% or more of Nfgi Holding Corporation
  • Erik John Bjorseth · Chief Growth Officer
    since 01/2014 · owns less than 5%
  • Brenda Marie Bush · Chief Compliance Officer
    since 06/2021 · owns less than 5%
Entity owners
  • Nfgi Holding Corporation · Holding Corporation
    direct · owns 75% or more
Related persons
Schedule D 7.A
  • Eugene Wehrheim
    real estaten
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Cedar Rapids, Ia · principal63103
Wayne, Pa910
Dubuque, Ia700
Berwyn, Pa530
Memphis, Tn400
Littleton, Co410
Knoxville, Tn300
Davenport, Ia300
Independence, Ia300
Iowa City, Ia300
Scottsdale, Az300
Phoenix, Az200
Seaside, Or210
Silverdale, Wa200
Fairfield, Nj200
Hiawatha, Ia200
Arlington, Tx000
Idaho Falls, Id000
Sarasota, Fl000
Baldwin City, Ks003
Offices
Schedule D 1.F, the 25 largest
  • Lawrence, KS6 employees
  • Dubuque, IA5 employees
  • Cedar Rapids, IA5 employees
  • Wayne, PA5 employees
  • Memphis, TN4 employees
  • Davenport, IA3 employees
  • Littleton, CO3 employees
  • Berwyn, PA2 employees
  • Iowa City, IA2 employees
  • Phoenix, AZ2 employees
  • Scottsdale, AZ2 employees
  • Silverdale, WA2 employees
  • Idaho Falls, ID2 employees
  • Knoxville, TN2 employees
  • Cedar Rapids, IA2 employees
  • Arlington, TX1 employees
  • Nashville, TN1 employees
  • Phoenix, AZ1 employees
  • Ames, IA1 employees
  • Coralville, IA1 employees
  • Seaside, OR1 employees
  • Gresham, OR1 employees
  • , 1 employees
  • Independence, IA1 employees
  • Cedar Rapids, IA1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Mar 18, 2026
    REIGHARD-KEAN, VICKI LIN (CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2021-06-25 and 2026-03-18
    peers: independent wealth managers, $1B to $5B (1,362)
  • control person changedChange between filings · filing Mar 18, 2026
    KROUSIE, TRACEY LYNN (CHIEF OPERATIONS OFFICER) appeared on Schedule A between the filings of 2021-06-25 and 2026-03-18
    peers: independent wealth managers, $1B to $5B (1,362)
  • HNW share shiftChange between filings · filing Mar 18, 2026
    HNW share of RAUM moved from 52.0% to 71.0% between the annual amendments of 2025-03-31 and 2026-03-18
    peers: independent wealth managers, $1B to $5B (1,362)
What changed
consecutive filings, newest first
  • Accounts · 9,822 to 10,535
    Oct 10, 2025 to Mar 18, 2026
  • Advisory employees · 87 to 81
    Oct 10, 2025 to Mar 18, 2026
  • BD registered reps · 85 to 79
    Oct 10, 2025 to Mar 18, 2026
  • Charity clients · 17 to 16
    Oct 10, 2025 to Mar 18, 2026
  • Corporate clients · 13 to 14
    Oct 10, 2025 to Mar 18, 2026
  • HNW clients · 1,032 to 1,625
    Oct 10, 2025 to Mar 18, 2026
  • Individual clients · 4,324 to 3,900
    Oct 10, 2025 to Mar 18, 2026
  • Pension plan clients · 15 to 14
    Oct 10, 2025 to Mar 18, 2026
  • Assets in custody · $3.8B to $4.7B
    Oct 10, 2025 to Mar 18, 2026
  • Employees · 87 to 94
    Oct 10, 2025 to Mar 18, 2026
  • Financial planning clients · 1-10 to 0
    Oct 10, 2025 to Mar 18, 2026
  • State-registered IARs · 87 to 81
    Oct 10, 2025 to Mar 18, 2026
  • Other offices · 35 to 39
    Oct 10, 2025 to Mar 18, 2026
  • Discretionary RAUM · $2.9B to $3.7B
    Oct 10, 2025 to Mar 18, 2026
  • HNW RAUM · $2.0B to $3.4B
    Oct 10, 2025 to Mar 18, 2026
  • Individual RAUM · $1.7B to $1.2B
    Oct 10, 2025 to Mar 18, 2026
  • Non-discretionary RAUM · $1.0B to $1.1B
    Oct 10, 2025 to Mar 18, 2026
  • Pension RAUM · $46.5M to $32.8M
    Oct 10, 2025 to Mar 18, 2026
  • RAUM · $3.9B to $4.8B
    Oct 10, 2025 to Mar 18, 2026
  • Wrap assets (manager) · $1.3B to $1.8B
    Oct 10, 2025 to Mar 18, 2026
  • Accounts · 9,857 to 9,822
    Mar 28, 2024 to Mar 31, 2025
  • Advisory employees · 83 to 87
    Mar 28, 2024 to Mar 31, 2025
  • BD registered reps · 81 to 85
    Mar 28, 2024 to Mar 31, 2025
  • Corporate clients · 21 to 13
    Mar 28, 2024 to Mar 31, 2025
  • HNW clients · 1,197 to 1,032
    Mar 28, 2024 to Mar 31, 2025
  • Individual clients · 4,130 to 4,324
    Mar 28, 2024 to Mar 31, 2025
  • Pension plan clients · 16 to 15
    Mar 28, 2024 to Mar 31, 2025
  • Assets in custody · $3.3B to $3.8B
    Mar 28, 2024 to Mar 31, 2025
  • Employees · 83 to 87
    Mar 28, 2024 to Mar 31, 2025
  • Financial planning clients · 1-10 to 1-10
    Mar 28, 2024 to Mar 31, 2025
  • State-registered IARs · 83 to 87
    Mar 28, 2024 to Mar 31, 2025
  • Discretionary RAUM · $2.4B to $2.9B
    Mar 28, 2024 to Mar 31, 2025
  • HNW RAUM · $2.0B to $2.0B
    Mar 28, 2024 to Mar 31, 2025
  • Individual RAUM · $1.2B to $1.7B
    Mar 28, 2024 to Mar 31, 2025
  • Non-discretionary RAUM · $1.0B to $1.0B
    Mar 28, 2024 to Mar 31, 2025
  • Pension RAUM · $48.6M to $46.5M
    Mar 28, 2024 to Mar 31, 2025
  • RAUM · $3.4B to $3.9B
    Mar 28, 2024 to Mar 31, 2025
  • Wrap assets (manager) · $1.1B to $1.3B
    Mar 28, 2024 to Mar 31, 2025
  • Accounts · 9,788 to 9,857
    Sep 6, 2023 to Mar 28, 2024
  • Advisory employees · 85 to 83
    Sep 6, 2023 to Mar 28, 2024
Signals
33 dated events
  • Andrew Michael Bass registered as an investment adviser representative at Nations Financial Group, Inc.
    Sep 15, 2026 · Advisor registered · fact
  • Patrick Hardie left Nations Financial Group, Inc. for Bip Wealth, Llc (registered 2026-07-29)
    Jul 30, 2026 · Advisor changed firm · fact
  • Brent Herman Hoffman left Nations Financial Group, Inc. for Lpl Financial Llc (registered 2026-04-21)
    Apr 27, 2026 · Advisor changed firm · fact
  • Douglas Lyle Stephens left Nations Financial Group, Inc. for Lpl Financial Llc (registered 2026-04-21)
    Apr 27, 2026 · Advisor changed firm · fact
  • Jennifer Greer left Nations Financial Group, Inc. for Lpl Financial Llc (registered 2026-04-21)
    Apr 27, 2026 · Advisor changed firm · fact
  • Nicholas Bennett left Nations Financial Group, Inc. for Lpl Financial Llc (registered 2026-04-21)
    Apr 27, 2026 · Advisor changed firm · fact
  • Van Michael Schaffer left Nations Financial Group, Inc. for Lpl Financial Llc (registered 2026-04-21)
    Apr 27, 2026 · Advisor changed firm · fact
  • Malcom Ong left Nations Financial Group, Inc. for Lpl Financial Llc (registered 2026-04-22)
    Apr 27, 2026 · Advisor changed firm · fact
  • Douglas Duane Bennett left Nations Financial Group, Inc. for Lpl Financial Llc (registered 2026-04-21)
    Apr 27, 2026 · Advisor changed firm · fact
  • 6 advisors left Nations Financial Group, Inc. (Lawrence, KS) for LPL Financial LLC on the same day
    Apr 27, 2026 · Team lift-out · derived
  • Lucas Scott Gray left Nations Financial Group, Inc. for Bfc Planning, Inc. (registered 2025-12-16)
    Dec 12, 2025 · Advisor changed firm · fact
  • 2 advisors left Wells Fargo Advisors (Berwyn, PA) for Nations Financial Group, Inc. within 5 days
    Oct 10, 2025 · Team lift-out · derived
  • Jack Dillon Trimp left Nations Financial Group, Inc. for Lpl Financial Llc (registered 2025-03-24)
    Mar 24, 2025 · Advisor changed firm · fact
  • Patrick Arthur Trimp left Nations Financial Group, Inc. for Lpl Financial Llc (registered 2025-03-24)
    Mar 24, 2025 · Advisor changed firm · fact
  • Matthew Arthur Tarini left Nations Financial Group, Inc. for Focused Alpha, Llc (registered 2024-10-30)
    Oct 22, 2024 · Advisor changed firm · fact
  • Jon Kenneth Wych left Nations Financial Group, Inc. for Lpl Financial Llc (registered 2024-10-14)
    Oct 11, 2024 · Advisor changed firm · fact
  • 2 advisors left Realta Investment Advisors, Inc (Wilmington, DE) for Nations Financial Group, Inc. a day apart
    Sep 4, 2024 · Team lift-out · derived
  • Nations Financial Group, Inc. reported 35 offices beyond its principal office, down from 40 (2023-09-06 to 2024-03-28)
    Mar 28, 2024 · Office count change · derived
  • Jeffrey R Lashley left Nations Financial Group, Inc. for Lashley Wealth Management (registered 2023-10-17)
    Nov 8, 2023 · Advisor changed firm · fact
  • 2 advisors left Wells Fargo Advisors (Berwyn, PA) for Nations Financial Group, Inc. on the same day
    Jul 25, 2023 · Team lift-out · derived
  • Paula Dee Porsch left Nations Financial Group, Inc. for Cetera Investment Advisers Llc (registered 2024-03-21)
    Jul 17, 2023 · Advisor changed firm · fact
  • Cassidy J Moulton left Nations Financial Group, Inc. for Cambridge Investment Research Advisors, Inc. (registered 2023-06-20)
    Jun 22, 2023 · Advisor changed firm · fact
  • Nicholas James Daleiden left Nations Financial Group, Inc. for Daleiden Wealth Advisors (registered 2023-02-02)
    Dec 31, 2022 · Advisor changed firm · fact
  • 3 advisors left Wells Fargo Advisors (Knoxville, TN) for Nations Financial Group, Inc. on the same day
    Dec 20, 2022 · Team lift-out · derived
  • Robert A. Schutzius left Nations Financial Group, Inc. for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2022-12-07)
    Aug 16, 2022 · Advisor changed firm · fact
  • Anthony Vito Berardi left Nations Financial Group, Inc. for Ameriprise Financial Services, Llc (registered 2022-05-10)
    Apr 12, 2022 · Advisor changed firm · fact
  • Nations Financial Group, Inc. reported RAUM $2.9B, up 50% from $2.0B (2022-03-03 to 2022-03-30)
    Mar 30, 2022 · RAUM change · derived
  • Matthew Donald Shannahan left Nations Financial Group, Inc. for Lpl Financial Llc (registered 2022-03-01)
    Mar 2, 2022 · Advisor changed firm · fact
  • 3 advisors left Wells Fargo Advisors (Memphis, TN) for Nations Financial Group, Inc. on the same day
    Feb 14, 2022 · Team lift-out · derived
  • Nations Financial Group, Inc. reported 77 state-registered advisory representatives, up from 64 (2021-03-22 to 2021-03-30)
    Mar 30, 2021 · Advisor headcount change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business phone
319-393-9541reportedpublished by the firm, firm site, Sep 17, 2026
Business phone
800-351-2471reportedpublished by the firm, firm site, Sep 17, 2026
Firm profile
LINKEDIN.COM/COMPANY/NATIONS-FINANCIAL-GROUP-INCreportedpublic record, Form ADV, Sep 18, 2026
Website
NATIONSFG.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
319-393-9541reportedpublic record, Form ADV, Mar 18, 2026
Contact form
nationsfg.com/contact-usreportedpublished by the firm, firm site, Sep 17, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$53.6Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026