Broker-dealer firm · Cedar Rapids, IA
Nations Financial Group, Inc.
SEC-registered investment adviser · CRD 44181 · SEC 801-57407
At a glance
Nations Financial Group, Inc. is an SEC-registered investment adviser based in Cedar Rapids, Iowa, with $4.8 billion in regulatory assets under management as of its Form ADV filed March 18, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 5,525 individual clients. By Form ADV it is a broker-dealer firm, ranked 91st of 391 broker-dealer firms and 2,168th of 17,210 SEC-registered advisers by assets.
Main office 319-393-9541nationsfg.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.8B
- Rank among broker-dealer firms
- #91 of 391
- Rank among all SEC RIAs
- #2,168 of 17,210
- Rank in Iowa
- #11 of 91
- Individual clients
- 5,525
- High-net-worth clients
- 1,625
- Accounts
- 10,535
- Discretionary
- 78% of AUM
- Employees
- 94
- Advisory staff
- 81
- Offices
- 40
Owners and executives on its Form ADV
- Stephen Michael CairneyPresident
- Richard Scott BennettCEO - CFO
- Erik John BjorsethChief Growth Officer
- Vicki Lin Reighard-KeanChief Compliance Officer
- Tracey Lynn KrousieChief Operations Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Nations Financial Group, Inc. is a hybrid RIA: 79 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,625 | $3.4B | 71% |
| Individuals | 3,900 | $1.2B | 25% |
| Corporations or other businesses | 14 | $113M | 2% |
| Pension and profit sharing plans | 14 | $33M | <1% |
| Charitable organizations | 16 | $26M | <1% |
Disciplinary disclosures
Nations Financial Group, Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗nationsfg.com ↗
AtlasMembers
The full record on Nations Financial Group, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 88 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Nations Financial Group, Inc. manage?
Nations Financial Group, Inc. reports $4.8 billion in regulatory assets under management across 10,535 accounts, 78% of it on a discretionary basis, on its Form ADV filed March 18, 2026.
What kind of firm is Nations Financial Group, Inc.?
Nations Financial Group, Inc. is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are Nations Financial Group, Inc.’s clients?
By assets, its largest client types are high-net-worth individuals ($3.4 billion, 1,625 clients); individuals ($1.2 billion, 3,900 clients); corporations or other businesses ($113 million, 14 clients).
Does Nations Financial Group, Inc. have any disciplinary history?
Nations Financial Group, Inc. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Nations Financial Group, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-18), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →