{
  "crd_number": 130814,
  "slug": "nfsg-corporation-boca-raton-fl-130814",
  "primary_business_name": "NFSG CORPORATION",
  "legal_name": "NFSG CORPORATION",
  "dbas": [],
  "city": "Boca Raton",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "33100",
  "metro": {
    "cbsa_code": "33100",
    "common_name": "Miami",
    "msa_name": "Miami-Fort Lauderdale-West Palm Beach, FL",
    "path": "/advisors/fl/miami"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2007-11-06",
  "years_registered": 18,
  "period": "2026-10-01",
  "filing_date": "2026-03-02",
  "carried_forward": false,
  "raum_total": 1082643515.0,
  "raum_discretionary": 1033361998.0,
  "raum_non_discretionary": 49281517.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 89,
  "advisory_employees": 74,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 918158.0,
      "count": null,
      "description": "PARTNERSHIP, JT COMMUNITY PROPERTY",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 3377773.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 558260004.0,
      "count": 2271
    },
    "pension_profit_sharing": {
      "raum": 10111216.0,
      "count": 20
    },
    "high_net_worth_individuals": {
      "raum": 473915357.0,
      "count": 765
    },
    "corporations_other_businesses": {
      "raum": 36061007.0,
      "count": 40
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 10,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://blackriverltd.com",
    "https://elwealthadvisors.com",
    "https://firstcolonialgroup.com",
    "https://gcfgsave.com",
    "https://gcfgwealth.com",
    "https://goldcoastfinancialgroup.com",
    "https://mahoneygps.com",
    "https://michaelwhitakerandassociates.com",
    "https://mydailyworth.com",
    "https://mydstplan.com/goldcoast",
    "https://mydstplan.com/igefen",
    "https://newbridgesecurities.com",
    "https://nfsgwealth.com",
    "https://priebeinvestmentplans.com",
    "https://reitire.com",
    "https://rickstarfinancial.com",
    "https://shieldcapital.org"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/130814",
  "disclosure_items": [
    {
      "item": "11.C(1)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?"
    },
    {
      "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(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "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?"
    },
    {
      "item": "11.D(1)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.E(1)",
      "question": "Has a self-regulatory organization (such as FINRA) or a commodities exchange ever found that the firm or an advisory affiliate made a false statement or omission?"
    },
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.E(4)",
      "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?"
    }
  ],
  "city_as_filed": "BOCA RATON",
  "url": "https://advisorcensus.com/firm/nfsg-corporation-boca-raton-fl-130814",
  "display_name": "NFSG Corporation",
  "summary": "NFSG Corporation is an SEC-registered investment advisory firm in Boca Raton, FL, registered since 2007, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 2, 2026.",
  "citation": "AdvisorCensus. NFSG Corporation (CRD 130814): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is NFSG Corporation compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), NFSG Corporation reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other."
    },
    {
      "q": "Where is NFSG Corporation located?",
      "a": "NFSG Corporation's principal office is in Boca Raton, FL, according to its Form ADV; the April 2026 filing also lists 15 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is NFSG Corporation registered with the SEC or a state?",
      "a": "NFSG Corporation is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 130814."
    },
    {
      "q": "How much does NFSG Corporation manage?",
      "a": "NFSG Corporation reports $1,082,643,515 in regulatory assets under management in its Form ADV filing dated March 2, 2026 (95% discretionary)."
    },
    {
      "q": "How have NFSG Corporation's assets and staff changed since 2021?",
      "a": "In the Form ADV data for NFSG Corporation: Regulatory assets under management: $332,539,866 in the October 2021 data and $1,082,643,515 in the October 2026 data, up 226%. Total employees: 75 in October 2021 and 89 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does NFSG Corporation serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,271); high net worth individuals (765); corporations or other businesses not listed above (40)."
    },
    {
      "q": "Which custodians does NFSG Corporation use?",
      "a": "NFSG Corporation's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Axos Clearing LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does NFSG Corporation report any disciplinary disclosures?",
      "a": "Reports 10 disclosure items on Form ADV Item 11: yes answers to 10 questions about regulatory matters (11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.D(2), 11.D(4), 11.E(1), 11.E(2), 11.E(4)). 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/130814"
    },
    {
      "q": "What changed in NFSG Corporation's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Employees performing advisory functions went from 66 to 74. Regulatory assets under management went from $813,494,847 to $1,082,643,515 (+33%). Added an office in Baltimore, MD. No longer lists an office in Annapolis, MD."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 332539866.0,
      "total_employees": 75,
      "filing_date": "2021-07-15"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 511149654.0,
      "total_employees": 87,
      "filing_date": "2022-08-19"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 471970819.0,
      "total_employees": 141,
      "filing_date": "2023-09-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 566247154.0,
      "total_employees": 183,
      "filing_date": "2024-09-11"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 813494847.0,
      "total_employees": 89,
      "filing_date": "2025-05-15"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1082643515.0,
      "total_employees": 89,
      "filing_date": "2026-03-02"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Employees performing advisory functions went from 66 to 74.",
        "Regulatory assets under management went from $813,494,847 to $1,082,643,515 (+33%).",
        "Added an office in Baltimore, MD.",
        "No longer lists an office in Annapolis, MD."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 2, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$250",
    "planning_fees": [],
    "figures": [
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $250"
        ],
        "quotes": [
          "NFSG may impose a minimum annual charge of $250."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": 250.0,
      "planning": []
    },
    "quotes": [
      "NFSG may impose a minimum annual charge of $250."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Axos Clearing LLC",
      "name_as_filed": "AXOS CLEARING LLC",
      "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/nfsg-corporation-boca-raton-fl-130814.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 2271,
      "fewer_than_5": false,
      "raum": 558260004.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 765,
      "fewer_than_5": false,
      "raum": 473915357.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 20,
      "fewer_than_5": false,
      "raum": 10111216.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 3377773.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 40,
      "fewer_than_5": false,
      "raum": 36061007.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 918158.0
    }
  ],
  "disclosure_line": "Reports 10 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/130814",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}