Creegan & Nassoura Financial Group, LLC (Portsmouth)


Creegan & Nassoura Financial Group, LLC is a large advisory firm based in Portsmouth. It manages $160.88 million of regulatory assets for 364 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Maine, Massachusetts, and 3 other states.

Creegan & Nassoura Financial Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Creegan & Nassoura Financial Group: assets under management

The assets under management (AUM) of Creegan & Nassoura Financial Group, LLC is $160.88 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 191% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $160.88 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $441.98 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in investment and business development companies form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Creegan & Nassoura Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Creegan & Nassoura Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Creegan & Nassoura Financial Group is high net worth individuals with 50 clients and $111.7 million of assets under management. Among the 8 most similar advisory firms, Creegan & Nassoura Financial Group has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $146.89 million for 137 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.

Creegan & Nassoura Financial Group doesn't advise any private funds.

Careers at Creegan & Nassoura Financial Group, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Steven C. Nassoura Member/chief compliance officer 1 Mar 2000 50% - 75% 4470334
Robert Michael Creegan Member 1 Mar 2000 50% - 75% 4470336

Based in Portsmouth

The principal office where Creegan & Nassoura Financial Group, LLC performs its advisory services is located at 117 Bow Street, Suite 111, Portsmouth, NH 03801 3851 The mailing address of the firm is 25 Patriots Road, Stratham, NH 03885 2320. An additional office of the firm is in Merrimack, NH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (603)778-0794 or by fax (603)772-8069. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at creegannassoura.com.