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.
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 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.
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.
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.
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.