Nextcapital Advisers, Inc. (Chicago)

Name: Nextcapital Advisers, Inc.
Address: 104 S. Michigan Ave, Chicago, IL, 60603
Telephone: 312-488-7127

Nextcapital Advisers, Inc. is a large advisory firm based in Chicago. It manages $687.5 million of regulatory assets for 7,978 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Nextcapital Advisers provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 8,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Nextcapital Advisers: assets under management

The assets under management (AUM) of Nextcapital Advisers, Inc. is $687.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 134468% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $687.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $86.17 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is government bonds, which make up 21% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Nextcapital Advisers, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Dirk Allan Quayle serves?

The only and largest group of clients of Dirk Allan Quayle is individuals with 7,406 clients and $687.02 million of assets under management. Among the 6 most similar advisory firms, Nextcapital Advisers has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $687.02 million for 7,406 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Nextcapital Advisers doesn't advise any private funds.

Careers at Nextcapital Advisers, Inc.

The company employs 26 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Dirk Allan Quayle has been acting as President since 1 Nov 2014. Navaid Abidi has served as the Chief Investment Officer since 1 Oct 2015 and John Clay Patterson is the Chief Executive Officer of Nextcapital Advisers, Inc. family office. Wayne T Kim joined the executive team most recently as the Director Of Compliance.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dirk Allan Quayle	President/director/chief investment officer	1 Nov 2014	Other	2605655
Robert Cornelius Foregger	Executive vice president/director	1 Nov 2014	Other	4350177
Inc. Nextcapital Group	Sole stockholder	1 Nov 2014	75% - 100%	47-2342699
John Clay Patterson	Chief executive officer	1 Nov 2014	Other	5847774
William Daniel Patterson	Cco/seretary/director	1 Nov 2014	Other	5847780
David B Slusarski	Director, portfolio operations	1 May 2015	Other	3263822
David B Slusarski	Chief compliance officer	1 Oct 2015	Other	3263822
Navaid Abidi	Chief investment officer	1 Oct 2015	Other	4688815
John Fredrick Belcaster	General counsel, chief compliance officer	1 May 2017	Other	6804511
Wayne T Kim	Director of compliance	1 Jan 2018	Other	5095381

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jon Christopher Hagen	Stockholder	1 Jan 1996	25% - 50%	5847776
Business Logic Holding Corporation	Member	1 Aug 2007	25% - 50%	36-4250951
Darla Patterson Grantor Trust	Stockholder	1 Nov 2013	25% - 50%	36-7634203
William Daniel Patterson	Trustee	1 Nov 2013	25% - 50%	5847780
John Patterson Grantor Trust	Stockholder	1 Nov 2013	25% - 50%	36-7634202
Business Logic Holding Corporation	Stockholder	1 Dec 2013	75% - 100%	36-4250951
Llc Nm Investment Holdings	Stockholder	1 Dec 2013	75% - 100%	46-4011781
The Northwestern Mutual Life Insurance Company	Member	1 Dec 2013	75% - 100%	39-0509570
171 Llc	Stockholder	1 Dec 2013	25% - 50%	26-4437354
Transamerica Ventures Fund Llc	Stockholder	1 Sep 2014	25% - 50%	52-1549874
Russell Investment Group	Stockholder	1 Sep 2014	50% - 75%	105739

Based in Chicago

The principal office where Nextcapital Advisers, Inc. performs its advisory services is located at 104 S. Michigan Ave, Chicago, IL 60603, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-488-7127 or by fax 312-264-7001. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at nextcapital.com/#/ and its LinkedIn profile.