# Nestlerode & LOY, Inc.

> Nestlerode & LOY, Inc. is an SEC-registered investment advisory firm in State College, PA, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated December 23, 2025.

- CRD: 2907
- Filed as: NESTLERODE & LOY, INC.
- Also doing business as: NESTLERODE & LOY, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: State College, PA
- Filing period: October 2026
- Form ADV filing dated: December 23, 2025
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/2907
- AdvisorCensus page: https://advisorcensus.com/firm/nestlerode-and-loy-inc-state-college-pa-2907

## Quick answers

**How is Nestlerode & LOY, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Nestlerode & LOY, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Nestlerode & LOY, Inc. located?**
Nestlerode & LOY, Inc.'s principal office is in State College, PA, according to its Form ADV.

**Is Nestlerode & LOY, Inc. registered with the SEC or a state?**
Nestlerode & LOY, Inc. is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 2907.

**How much does Nestlerode & LOY, Inc. manage?**
Nestlerode & LOY, Inc. reports $199,064,720 in regulatory assets under management in its Form ADV filing dated December 23, 2025 (100% discretionary).

**How have Nestlerode & LOY, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Nestlerode & LOY, Inc.: Regulatory assets under management: $143,280,313 in the October 2021 data and $199,064,720 in the October 2026 data, up 39%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Nestlerode & LOY, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (215); high net worth individuals (47); charitable organizations (8).

**Does Nestlerode & LOY, Inc. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/2907

**What changed in Nestlerode & LOY, Inc.'s recent Form ADV filings?**
In the January 2026 filing data: Employees performing advisory functions went from 1 to 2. Registered or notice-filed in FL, MD.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### Regulatory assets under management (Item 5.F)
- Total: $199,064,720
- Discretionary: $199,064,720
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 215 | $69,114,561 |
| High net worth individuals | 47 | $114,629,988 |
| Charitable organizations | 8 | $15,320,171 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters

### Firm details
- Registered since: 2018 (8 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MD, PA, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [nestlerode.com](https://nestlerode.com)
- [nestlerodeandloy.com](https://nestlerodeandloy.com)
- [nlinvestmentadvisors.com](https://nlinvestmentadvisors.com)
- Facebook @Nestlerode-Loy-Investment-Advisors-159835975235

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $143,280,313 | 4 | December 22, 2020 |
| October 2022 | $167,345,880 | 5 | September 13, 2022 |
| October 2023 | $144,078,779 | 4 | January 24, 2023 |
| October 2024 | $155,195,579 | 3 | January 11, 2024 |
| October 2025 | $185,154,920 | 3 | December 11, 2024 |
| October 2026 | $199,064,720 | 4 | December 23, 2025 |

Regulatory assets under management: $143,280,313 in the October 2021 data and $199,064,720 in the October 2026 data, up 39%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### January 2026
- Employees performing advisory functions went from 1 to 2.
- Registered or notice-filed in FL, MD.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Nestlerode & LOY, Inc. (CRD 2907): Form ADV filing data as of October 2026.