# NFC Investments, LLC

> 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.

- CRD: 132844
- Filed as: NFC INVESTMENTS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Memphis, TN
- Filing period: October 2026
- Form ADV filing dated: February 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/132844
- AdvisorCensus page: https://advisorcensus.com/firm/nfc-investments-llc-memphis-tn-132844

## Quick answers

**How is NFC Investments, LLC compensated?**
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.

**What does NFC Investments, LLC's brochure say about its fees?**
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.

**Where is NFC Investments, LLC located?**
NFC Investments, LLC's principal office is in Memphis, TN, according to its Form ADV.

**Is NFC Investments, LLC registered with the SEC or a state?**
NFC Investments, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 132844.

**How much does NFC Investments, LLC manage?**
NFC Investments, LLC reports $2,137,518,402 in regulatory assets under management in its Form ADV filing dated February 6, 2026 (100% discretionary).

**How have NFC Investments, LLC's assets and staff changed since 2021?**
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.

**What types of clients does NFC Investments, LLC serve?**
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).

**Which custodians does NFC Investments, LLC use?**
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.

**Does NFC Investments, LLC report any disciplinary disclosures?**
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

**What changed in NFC Investments, LLC's recent Form ADV filings?**
In the March 2026 filing data: Registered or notice-filed in CA, IN.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated February 6, 2026)

- Asset-based fee: 1% of assets a year

> NFC Investments' standard annual advisory fee is 1.0% of the client's assets under management.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- M&T Bank
- Raymond James & Associates, Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $2,137,518,402
- Discretionary: $2,137,518,402
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 126 | $520,357,324 |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $305,302,286 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $8,244,612 |
| Charitable organizations | Fewer than 5 | $12,652,183 |
| Insurance companies | 13 | $895,123,204 |
| Corporations or other businesses not listed above | 13 | $395,838,793 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2004 (21 years)
- Employees: 9 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AZ, CA, CO, CT, FL, GA, IL, IN, LA, NC, NJ, NY, OH, TN
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): 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?
- 11.C(5): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/132844

### Websites listed on Form ADV (Item 1.I)
- nfcinvestments.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,522,116,662 | 7 | March 18, 2021 |
| October 2022 | $1,814,187,673 | 8 | March 10, 2022 |
| October 2023 | $1,767,240,783 | 9 | January 27, 2023 |
| October 2024 | $1,905,619,299 | 9 | August 12, 2024 |
| October 2025 | $2,035,919,876 | 9 | January 9, 2025 |
| October 2026 | $2,137,518,402 | 9 | February 6, 2026 |

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.

## Changes in the filing (last 12 months)

### March 2026
- Registered or notice-filed in CA, IN.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. NFC Investments, LLC (CRD 132844): Form ADV filing data as of October 2026.