Wealth manager, independent · Redwood Shores, CA
Navigation Group LLC
SEC-registered investment adviser · CRD 130982 · SEC 801-110408
At a glance
Navigation Group LLC is an SEC-registered investment adviser based in Redwood Shores, California, with $1.0B in regulatory assets under management as of its Form ADV filed March 26, 2026. It reports 330 individual clients, 254 of them high-net-worth, holding an average of about $2.8 million each, and 6 employees. That ranks it 1092nd among the nation’s 5,657 independent wealth management RIAs and 131st of 714 in California. It reports LPL Financial as the custodian for its clients’ separately managed accounts.
Main office 650-595-1700navigationgroup.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.0B
- Rank among independent wealth managers
- #1,092 of 5,657
- Rank among all SEC RIAs
- #5,341 of 17,210
- Rank in California
- #131 of 714
- Individual clients
- 330
- High-net-worth clients
- 254
- Accounts
- 1,394
- Discretionary
- 97% of AUM
- Employees
- 6
- Advisory staff
- 5
- Offices
- 1
Owners and executives on its Form ADV
- Erik S. DavisManaging Member
- Carlo A. PanaccioneManaging Member, Chief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Navigation Group LLC is a hybrid RIA: 5 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 | 254 | $887M | 88% |
| Corporations or other businesses | 3 | $56M | 6% |
| Individuals | 76 | $43M | 4% |
| Pension and profit sharing plans | 6 | $19M | 2% |
| Charitable organizations | 3 | $6M | <1% |
Disciplinary disclosures
Navigation Group LLC 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
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗navigationgroup.com ↗
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The full record on Navigation Group LLC
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, 8 years of filings
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- Growth over one, three and five years
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- Rank against 3,509 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| RPG Investment Advisory, LLCPleasanton | $1.0B | 953 |
| Gould Asset Management LLCClaremont | $1.0B | 349 |
| Verita Strategic Wealth Partners, LLCSAN Francisco | $1.0B | 17 |
| Fermata AdvisorsSonoma | $1.0B | 2,815 |
| Mirador Capital PartnersPleasanton | $1.0B | 647 |
| Aire Advisors, LLCBeverly Hills | $1.0B | 340 |
Background
Questions
How much does Navigation Group LLC manage?
Navigation Group LLC reports $1.0B in regulatory assets under management across 1,394 accounts, 97% of it on a discretionary basis, on its Form ADV filed March 26, 2026.
How many clients does Navigation Group LLC have?
It reports 330 individual clients: 254 high-net-worth individuals and 76 other individuals. Individuals account for about 92% of its regulatory assets.
Where is Navigation Group LLC headquartered?
Its main office is in Redwood Shores, California. It reports 1 office in total and 6 employees, 5 of whom perform investment advisory functions.
How does Navigation Group LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Navigation Group LLC use?
It reports LPL Financial as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 26, 2026, it reports these amounts held: LPL Financial ($1.0B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Navigation Group LLC a hybrid RIA with a broker-dealer?
Navigation Group LLC is a hybrid RIA: 5 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Navigation Group LLC a fiduciary?
As an SEC-registered investment adviser, Navigation Group LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 5 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Navigation Group LLC’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 (2026-03-26), 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). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. 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 →