# NRG Wealth Management

> NRG Wealth Management is an SEC-registered investment advisory firm in Oro Valley, AZ, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 13, 2026.

- CRD: 289548
- Filed as: NRG WEALTH MANAGEMENT
- Legal name: J. P. Davis, Inc.
- Also doing business as: NRG WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Oro Valley, AZ
- Filing period: October 2026
- Form ADV filing dated: February 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/289548
- AdvisorCensus page: https://advisorcensus.com/firm/nrg-wealth-management-oro-valley-az-289548

## Quick answers

**How is NRG Wealth Management compensated?**
On its Form ADV (Item 5.E, October 2026), NRG Wealth Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is NRG Wealth Management located?**
NRG Wealth Management's principal office is in Oro Valley, AZ, according to its Form ADV.

**Is NRG Wealth Management registered with the SEC or a state?**
NRG Wealth Management is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 289548.

**How much does NRG Wealth Management manage?**
NRG Wealth Management reports $241,969,239 in regulatory assets under management in its Form ADV filing dated February 13, 2026 (100% discretionary).

**How have NRG Wealth Management's assets and staff changed since 2021?**
In the Form ADV data for NRG Wealth Management: Regulatory assets under management: $140,774,576 in the October 2021 data and $241,969,239 in the October 2026 data, up 72%. Total employees: 3 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does NRG Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (83); high net worth individuals (72).

**Which custodians does NRG Wealth Management use?**
NRG Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Altruist Financial LLC (affiliated with the firm) and Pershing LLC as custodians holding 10% or more of its separately managed account assets.

**Does NRG Wealth Management 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/289548

**Does NRG Wealth Management state an account minimum?**
Its Form ADV Part 2A brochure dated February 13, 2026 says: "There is no minimum account size required, but each service has a minimum fee which may be waived by NRG in its discretion."

**What changed in NRG Wealth Management's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $193,315,678 to $241,969,239 (+25%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 13, 2026)

- Account minimum: None (the brochure says it may be waived or negotiated)

> There is no minimum account size required, but each service has a minimum fee which may be waived by NRG in its discretion.

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

### Custodians (Schedule D, Section 5.K(3))
- Altruist Financial LLC (affiliated with the firm)
- Pershing LLC

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: $241,969,239
- Discretionary: $241,392,789
- Non-discretionary: $576,450

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 83 | $35,960,949 |
| High net worth individuals | 72 | $206,008,290 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2019 (7 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, NE, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- navigationretirement.com
- LinkedIn @jackdavis-ms-cfp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $140,774,576 | 3 | July 29, 2021 |
| October 2022 | $162,810,874 | 3 | July 22, 2022 |
| October 2023 | $139,994,827 | 3 | August 16, 2023 |
| October 2024 | $171,384,457 | 4 | March 26, 2024 |
| October 2025 | $193,315,678 | 5 | February 4, 2025 |
| October 2026 | $241,969,239 | 5 | February 13, 2026 |

Regulatory assets under management: $140,774,576 in the October 2021 data and $241,969,239 in the October 2026 data, up 72%.
Total employees: 3 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $193,315,678 to $241,969,239 (+25%).

### January 2026
- Registered or notice-filed in WA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. NRG Wealth Management (CRD 289548): Form ADV filing data as of October 2026.