Nesteggs Retirement Plan Services, Inc. (Jacksonville)

Name: Nesteggs Retirement Plan Services, Inc.
Address: 10407 Centurion Parkway North, Jacksonville, FL, 32256
Telephone: 904-348-3131

Nesteggs Retirement Plan Services, Inc. is a large advisory firm based in Jacksonville. It manages $223.46 million of regulatory assets for 289 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Florida, Georgia, Massachusetts, and New Hampshire.

Nesteggs Retirement Plan Services provides portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Nesteggs Retirement Plan Services: assets under management

The assets under management (AUM) of Nesteggs Retirement Plan Services, Inc. is $223.46 million. The firm's AUM has grown by 516% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $213.09 million in discretionary accounts and $10.37 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $761.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.15 million.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nesteggs Retirement Plan Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sarah Gronvold serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Sarah Gronvold is pension and profit sharing plans with 98 clients and $190.58 million of assets under management. Among the 9 most similar advisory firms, Nesteggs Retirement Plan Services has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $223.46 million for 289 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Nesteggs Retirement Plan Services doesn't advise any private funds.

Careers at Nesteggs Retirement Plan Services, Inc.

The company employs 14 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Sarah Gronvold has been acting as President since 1 Sep 2017. Kevin Brooks Cheezum joined the executive team most recently as the Chief Compliance Officer And President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Constance Cromwell Slimmon	President, secretary	1 Aug 2000	75% - 100%	2811848
Robert Farnsworth Slimmon	Vice president, treasurer	1 Aug 2000	Other	804496
Kevin Brooks Cheezum	Chief compliance officer	1 Sep 2009	Other	4736471
Sarah Gronvold	Vp, business development	1 Jan 2015	Other	5715529
Blake Austine Macklin	Chief financial officer	1 Nov 2016	Other	6751415
Constance Cromwell Slimmon	Shareholder	1 Sep 2017	50% - 75%	2811848
Sarah Gronvold	President	1 Sep 2017	Other	5715529
Kevin Brooks Cheezum	Chief compliance officer and president	1 Aug 2018	Other	4736471
Sarah Gronvold	Vp, client relationships	1 Aug 2018	Other	5715529

Based in Jacksonville

The principal office where Nesteggs Retirement Plan Services, Inc. performs its advisory services is located at 10407 Centurion Parkway North, Jacksonville, FL 32256, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 904-348-3131 or by fax 904-348-3136. The normal business hours are 7:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at nesteggs.cc.