The Nestegg Group, Inc. (Lincolnwood)

The Nestegg Group, Inc. is a large advisory firm based in Lincolnwood. It manages $171.7 million of regulatory assets for 623 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Florida, and 5 other states.

The Nestegg Group provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

The Nestegg Group: assets under management

The assets under management (AUM) of The Nestegg Group, Inc. is $171.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $171.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $275.6 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in state and local bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay The Nestegg Group, 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 Steven Charles Goodman serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Steven Charles Goodman is high net worth individuals with 47 clients and $129.6 million of assets under management. Among the 11 most similar advisory firms, The Nestegg Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $171.7 million for 196 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.

The Nestegg Group doesn't advise any private funds.

Careers at The Nestegg Group, Inc.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives 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.

Steven Charles Goodman has been acting as President since 1 Sep 1993. Jeffery Thomas Laske joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Charles Goodman	President	1 Sep 1993	75% - 100%	2419649
Jeffery Thomas Laske	Chief compliance officer	1 Nov 2006	Other	4518284

Based in Lincolnwood

The principal office where The Nestegg Group, Inc. performs its advisory services is located at 6676 N. Lincoln Ave., Lincolnwood, IL 60712, 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 847-677-6378 or by fax 847-677-3550. The normal business hours are 9-5 on Monday - Friday.