Navigation Group LLC (Redwood City)

Name: Navigation Group LLC
Address: 3 Lagoon Drive, Redwood City, CA, 94065
Telephone: 650-595-1700

Navigation Group LLC is a large advisory firm based in Redwood City. It manages $369.45 million of regulatory assets for 985 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, New York, Oregon, and Washington.

Navigation Group provides financial planning services and 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.

Navigation Group: assets under management

The assets under management (AUM) of Navigation Group LLC is $369.45 million. The firm's AUM has grown by 8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $349.37 million in discretionary accounts and $20.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $485.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $75.78 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Navigation 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 Navigation Group serves?

The firm provides services to individuals, investment companies, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Navigation Group is high net worth individuals with 173 clients and $298.87 million of assets under management. Among the 11 most similar advisory firms, Navigation Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $366.19 million for 675 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.

Navigation Group doesn't advise any private funds.

Careers at Navigation Group LLC

The company employs 4 people that are either part- or full-time employees. 50 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
Erik Shannon Davis	Managing member	1 Apr 1999	25% - 50%	2290051
Carlo Anthony Panaccione	Managing member	1 Apr 1999	25% - 50%	1531543
Jason J Wall	Chief compliance officer	1 Apr 2017	Other	3205021
Anita Marie Ramos	Chief compliance officer	1 Apr 2018	Other	2699352

Based in Redwood City

The principal office where Navigation Group LLC performs its advisory services is located at 3 Lagoon Drive, Redwood City, CA 94065, 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 650-595-1700 or by fax 650-595-1767. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at navigationgroup.com and its LinkedIn profile.