Asset manager · Dallas, TX
NXG Investment Management
Cushing Asset Management, LP · SEC-registered investment adviser · CRD 131517 · SEC 801-63255
At a glance
NXG Investment Management is an SEC-registered investment adviser based in Dallas, Texas, with $1.8 billion in regulatory assets under management as of its Form ADV filed August 6, 2026. Its largest client group by assets is investment companies. By Form ADV it is a asset manager, ranked 1,107th of 3,218 asset managers and 3,916th of 17,210 SEC-registered advisers by assets.
Main office 214-692-6334nxgim.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.8B
- Rank among asset managers
- #1,107 of 3,218
- Rank among all SEC RIAs
- #3,916 of 17,210
- Rank in Texas
- #214 of 1,081
- Clients
- 6
- Accounts
- 6
- Discretionary
- 100% of AUM
- Employees
- 10
- Advisory staff
- 5
- Offices
- 1
Owners and executives on its Form ADV
- Jerry V. SwankLimited Partner
- Blake R. NelsonChief Financial Officer
- John M. MusgravePresident and CEO (10/2023) Managing Partner (12/2022) and Co-Chief Investment Officer (09/2019)
- Todd W. SunderlandChief Operating Officer and Chief Risk Officer
- Brad B. MeadChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
NXG Investment Management is a hybrid RIA: 2 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 |
|---|---|---|---|
| Investment companies | 3 | $1.7B | 98% |
| Pooled investment vehicles | 2 | $30M | 2% |
| Pension and profit sharing plans | 1 | $7M | <1% |
Private funds
NXG Investment Management reports 1 private funds with $29M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
NXG Investment Management answers yes to 3 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗nxgim.com ↗
AtlasMembers
The full record on NXG Investment Management
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
- Locked
- Growth over one, three and five years
- Locked
- Rank against 931 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does NXG Investment Management manage?
NXG Investment Management reports $1.8 billion in regulatory assets under management across 6 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 6, 2026.
What kind of firm is NXG Investment Management?
NXG Investment Management is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are NXG Investment Management’s clients?
By assets, its largest client types are investment companies ($1.7 billion, 3 clients); pooled investment vehicles ($30 million, 2 clients); pension and profit sharing plans ($7 million, 1 clients).
Does NXG Investment Management manage private funds?
Yes. It reports 1 private funds with $29 million in gross assets, including hedge funds.
Does NXG Investment Management have any disciplinary history?
NXG Investment Management answers yes to 3 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is NXG Investment Management’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 (2026-08-06), 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 →