Nations Financial Group, Inc.
SEC-registered
Insurance-Affiliated · Mid-sized ($1B–$10B)
CRD 44181
· SEC file 801-57407
· Cedar Rapids, IA
· WWW.NATIONSFG.COM
☆ Save with Pro
ADV data as of Mar 18, 2026
- Regulatory AUM
- $4.8B
- Discretionary
- $3.7B
- Clients
- 5,569
- Avg AUM / client
- $857K
- Accounts
- 10,535
- Employees
- 94
AUM over time
$250M
$4.8B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 18, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 3,900 | $1.2B | 25.4% |
| High net worth individuals | 1,625 | $3.4B | 71.0% |
| Pension and profit sharing plans | 14 | $32.8M | 0.69% |
| Charitable organizations | 16 | $26.0M | 0.55% |
| Corporations and other businesses | 14 | $113M | 2.38% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Black & Veatch Retirement Program Bvh, Inc. | 2024 | |
| Highway Equipment Company Retirement Plan Highway Equipment Company | 2024 |
People (90)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Richard Scott Bennett | President Cfo | Jan 1998 (29y) | ≈ 56.25% – 100% via Nfgi Holding Corporation | |
| Stephen Michael Cairney | Chief Operating Officer | Jan 2002 (25y) | Less than 5% | |
| Erik John Bjorseth | Chief Growth Officer | Mar 2006 (20y) | Less than 5% | |
| Bush, Brenda Marie | Chief Compliance Officer | Jun 2021 (5y) | Less than 5% | |
| Eugene Vincent Wehrheim | Registered representative | Jan 2001 (26y) | ||
| Eugene Vincent Wehrheim | Registered representative | Apr 2004 (22y) | ||
| William Edward Shepard | Registered representative | Feb 2005 (21y) | ||
| David Alan Coiner | Registered representative | Chartered Financial Consultant | Apr 2005 (21y) | |
| Robert Evans Russell | Registered representative | Jun 2005 (21y) | ||
| Martha Shepard Mccurry | Registered representative | Jul 2005 (21y) | ||
| Nicolle Leann Landwehr | Registered representative | CFP | Dec 2005 (21y) | |
| Aaron Drew Sanstrum | Registered representative | Dec 2005 (21y) | ||
| Ross Eugene Devalois | Registered representative | Jun 2006 (20y) | ||
| William Edward Coan | Registered representative | Oct 2006 (20y) | ||
| Michelle Anne Blenderman | Registered representative | May 2007 (19y) | ||
| Gary Robert Carlson | Registered representative | Jul 2007 (19y) | ||
| Jordan Paul Bennett | Registered representative | Jul 2010 (16y) | ||
| Rochelle Marie Henry Ernberger | Registered representative | Sep 2011 (15y) | ||
| Deborah Kay Johnson | Registered representative | Oct 2012 (14y) | ||
| Steven Mark Loesch | Registered representative | Oct 2012 (14y) | ||
| Max Louis Conde | Registered representative | Jan 2013 (14y) | ||
| Rachel Ann Wehrheim | Registered representative | Apr 2013 (13y) | ||
| Bradley Paul Zwanziger | Registered representative | May 2014 (12y) | ||
| Matthew Brent Vawter | Registered representative | Feb 2015 (11y) | ||
| Brian Gray Stein | Registered representative | Dec 2015 (11y) | ||
| Rylan E Devalois | Registered representative | Jan 2016 (11y) | ||
| Jamie William Mcdonald | Registered representative | CFP | Jun 2016 (10y) | |
| Chad Joseph Kruse | Registered representative | Jun 2016 (10y) | ||
| Kyle David Winter | Registered representative | Oct 2016 (10y) | ||
| Ryan Richard Ruffcorn | Registered representative | Oct 2016 (10y) | ||
| Mark Alan Geertsma | Registered representative | CFP | Oct 2016 (10y) | |
| Aaron Tank | Registered representative | Apr 2018 (8y) | ||
| Joseph Constantine Bernardi | Registered representative | CFP | Jul 2019 (7y) | |
| Robert Emmett Lee | Registered representative | CFP | Jul 2019 (7y) | |
| Edward Rissell Munch | Registered representative | Aug 2019 (7y) | ||
| Andrew M Mccloskey | Registered representative | Sep 2019 (7y) | ||
| Carol Anne Mayhart | Registered representative | Chartered Financial Consultant | Sep 2019 (7y) | |
| Edward Scott D'entremont | Registered representative | Sep 2019 (7y) | ||
| Maureen B Kozak | Registered representative | CFP | Sep 2019 (7y) | |
| Ryan Scott Tomkinson | Registered representative | CFP Chartered Financial Consultant | Sep 2019 (7y) | |
| Tyler David Coiner | Registered representative | Sep 2019 (7y) | ||
| Leslie Daniel Miller | Registered representative | Apr 2020 (6y) | ||
| Robert Lloyd Wilbanks | Registered representative | Jul 2020 (6y) | ||
| Matthew William Milito | Registered representative | Jul 2020 (6y) | ||
| Seward Anderson Linton | Registered representative | Jul 2020 (6y) | ||
| Ross Hanson | Registered representative | Aug 2020 (6y) | ||
| Robert Charles Seamans | Registered representative | CFP | Sep 2020 (6y) | |
| Thomas George Brennan | Registered representative | Sep 2020 (6y) | ||
| Jennifer Anne Basinger | Registered representative | Sep 2020 (6y) | ||
| David Alfred Basinger | Registered representative | CFP | Sep 2020 (6y) | |
| Todd Matthew Hankins | Registered representative | Feb 2021 (5y) | ||
| Robert Charles Battin | Registered representative | Feb 2021 (5y) | ||
| Thomas Martin Gasbarre | Registered representative | Mar 2021 (5y) | ||
| Patrick Hardie | Registered representative | Apr 2021 (5y) | ||
| Dave B Rao | Registered representative | May 2021 (5y) | ||
| Sawyer Marquardt | Registered representative | Jan 2022 (5y) | ||
| Larry Wayne Karban | Registered representative | CFP | Feb 2022 (4y) | |
| Ramon Eugene Fracchia | Registered representative | Feb 2022 (4y) | ||
| William Otto Moore | Registered representative | CFP | Feb 2022 (4y) | |
| Kevin Michael Dietzel | Registered representative | Mar 2022 (4y) | ||
| Andrew Karban | Registered representative | Jul 2022 (4y) | ||
| Craig M Schlueter | Registered representative | Oct 2022 (4y) | ||
| John Wesley Wilkes | Registered representative | Dec 2022 (4y) | ||
| Kyle James Griffin | Registered representative | CFP | Dec 2022 (4y) | |
| Michelle Lee Palmer | Registered representative | Dec 2022 (4y) | ||
| Nathanael J Pfeil | Registered representative | Jun 2023 (3y) | ||
| Zach Coiner | Registered representative | Jun 2023 (3y) | ||
| Matthew Thomas Mcgroarty | Registered representative | Jul 2023 (3y) | ||
| Thomas Joseph Mcgroarty | Registered representative | Jul 2023 (3y) | ||
| Heather Michelle Cox | Registered representative | Dec 2023 (3y) | ||
| Wyatt Kelly | Registered representative | Jan 2024 (3y) | ||
| Christopher Grant Clauson | Registered representative | Jan 2024 (3y) | ||
| Ben Sheridan | Registered representative | Jun 2024 (2y) | ||
| Gregory Stimson Wolfe | Registered representative | Aug 2024 (2y) | ||
| Elizabeth Marie Pagano | Registered representative | CFP | Aug 2024 (2y) | |
| Frank M Calabrese | Registered representative | Sep 2024 (2y) | ||
| Roman Savage Leniw | Registered representative | Sep 2024 (2y) | ||
| Joena Russell | Registered representative | CFP | Mar 2025 (1y) | |
| Crystal M Walter | Registered representative | Apr 2025 (1y) | ||
| Joseph R Schuessler | Registered representative | Apr 2025 (1y) | ||
| Jacob Williams | Registered representative | May 2025 (1y) | ||
| Brian Doughney | Registered representative | CFP CFA | Aug 2025 (1y) | |
| Robert Paul Friedman | Registered representative | Oct 2025 (1y) | ||
| Chad Benjamin Friedman | Registered representative | CFP Chartered Financial Consultant | Oct 2025 (1y) | |
| Edward John Rusnak | Registered representative | Nov 2025 (1y) | ||
| Gary Hugh Costarella | Registered representative | Nov 2025 (1y) | ||
| Kristina Lynn Harris | Registered representative | Dec 2025 (1y) | ||
| Andrew Sadler | Registered representative | Feb 2026 (0y) | ||
| Christie Mccoy | Registered representative | Apr 2026 (0y) | ||
| Katie Michelle Metcalf | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Nfgi Holding Corporation | Holding Corporation | Jan 2014 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Richard Scott Bennett: 75% – 100% of Nfgi Holding Corporation × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Black & Veatch Retirement Program | Bvh, Inc. | 7,022 | $3.0B | 01/01/2024 |
| Highway Equipment Company Retirement Plan | Highway Equipment Company | 153 | $29.5M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/18/2026 | 1.06 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Wells Fargo $4.3B (91% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 18, 2026.
View current Form ADV (SEC/IAPD) ↗