{
  "crd_number": 132844,
  "slug": "nfc-investments-llc-memphis-tn-132844",
  "primary_business_name": "NFC INVESTMENTS, LLC",
  "legal_name": "NFC INVESTMENTS, LLC",
  "dbas": [],
  "city": "Memphis",
  "state": "TN",
  "country": "United States",
  "cbsa_code": "32820",
  "metro": {
    "cbsa_code": "32820",
    "common_name": "Memphis",
    "msa_name": "Memphis, TN-MS-AR",
    "path": "/advisors/tn/memphis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2004-10-07",
  "years_registered": 21,
  "period": "2026-10-01",
  "filing_date": "2026-02-06",
  "carried_forward": false,
  "raum_total": 2137518402.0,
  "raum_discretionary": 2137518402.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 9,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 12652183.0,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 895123204.0,
      "count": 13
    },
    "pension_profit_sharing": {
      "raum": 8244612.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 520357324.0,
      "count": 126
    },
    "pooled_investment_vehicles": {
      "raum": 305302286.0,
      "count": 5
    },
    "corporations_other_businesses": {
      "raum": 395838793.0,
      "count": 13
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "AL",
    "AZ",
    "CA",
    "CO",
    "CT",
    "FL",
    "GA",
    "IL",
    "IN",
    "LA",
    "NC",
    "NJ",
    "NY",
    "OH",
    "TN"
  ],
  "websites": [
    "https://nfcinvestments.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/132844",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "MEMPHIS",
  "url": "https://advisorcensus.com/firm/nfc-investments-llc-memphis-tn-132844",
  "display_name": "NFC Investments, LLC",
  "summary": "NFC Investments, LLC is an SEC-registered investment advisory firm in Memphis, TN, registered since 2004, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated February 6, 2026.",
  "citation": "AdvisorCensus. NFC Investments, LLC (CRD 132844): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is NFC Investments, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), NFC Investments, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "What does NFC Investments, LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated February 6, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is NFC Investments, LLC located?",
      "a": "NFC Investments, LLC's principal office is in Memphis, TN, according to its Form ADV."
    },
    {
      "q": "Is NFC Investments, LLC registered with the SEC or a state?",
      "a": "NFC Investments, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 132844."
    },
    {
      "q": "How much does NFC Investments, LLC manage?",
      "a": "NFC Investments, LLC reports $2,137,518,402 in regulatory assets under management in its Form ADV filing dated February 6, 2026 (100% discretionary)."
    },
    {
      "q": "How have NFC Investments, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for NFC Investments, LLC: Regulatory assets under management: $1,522,116,662 in the October 2021 data and $2,137,518,402 in the October 2026 data, up 40%. Total employees: 7 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does NFC Investments, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (126); insurance companies (13); corporations or other businesses not listed above (13)."
    },
    {
      "q": "Which custodians does NFC Investments, LLC use?",
      "a": "NFC Investments, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists M&T Bank and Raymond James & Associates, Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does NFC Investments, LLC report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation) and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/132844"
    },
    {
      "q": "What changed in NFC Investments, LLC's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Registered or notice-filed in CA, IN."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1522116662.0,
      "total_employees": 7,
      "filing_date": "2021-03-18"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1814187673.0,
      "total_employees": 8,
      "filing_date": "2022-03-10"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1767240783.0,
      "total_employees": 9,
      "filing_date": "2023-01-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1905619299.0,
      "total_employees": 9,
      "filing_date": "2024-08-12"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2035919876.0,
      "total_employees": 9,
      "filing_date": "2025-01-09"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2137518402.0,
      "total_employees": 9,
      "filing_date": "2026-02-06"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Registered or notice-filed in CA, IN."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 6, 2026",
    "tiers": [],
    "flat_rate": "1% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1% of assets a year"
        ],
        "quotes": [
          "NFC Investments' standard annual advisory fee is 1.0% of the client's assets under management."
        ]
      }
    ],
    "quotes": [
      "NFC Investments' standard annual advisory fee is 1.0% of the client's assets under management."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "M&T Bank",
      "name_as_filed": "M&T BANK",
      "affiliated": false
    },
    {
      "name": "Raymond James & Associates, Inc.",
      "name_as_filed": "RAYMOND JAMES & ASSOCIATES, INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/nfc-investments-llc-memphis-tn-132844.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 126,
      "fewer_than_5": false,
      "raum": 520357324.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 305302286.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 8244612.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 12652183.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 13,
      "fewer_than_5": false,
      "raum": 895123204.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 13,
      "fewer_than_5": false,
      "raum": 395838793.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/132844",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}