Navigation Group provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Navigation Group reports 342 clients. They include 254 high-net-worth individuals, 76 individual clients, and 6 pension and profit-sharing plans. Of its assets, 97.4% ($986M across 1,357 accounts) are managed with discretion; $26.3M across 37 accounts are not. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 22% | 4% |
| High-net-worth individuals | 74% | 88% |
| Pension and profit-sharing plans | 2% | 2% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | 6% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 76 | $43.3M | 4.3% | $569K |
| High-net-worth individuals | 254 | $887M | 87.6% | $3.49M |
| Pension and profit-sharing plans | 6 | $19.3M | 1.9% | $3.22M |
| Charitable organizations | Fewer than 5 | $6.09M | 0.6% | $2.03M |
| Corporations and other businesses | 3 | $56.4M | 5.6% | $18.8M |
| Total | 342 | $1.01B | 100% | — |
- Clients
- 76
- Regulatory AUM
- $43.3M
- AUM share
- 4.3%
- Avg. per client
- $569K
- Clients
- 254
- Regulatory AUM
- $887M
- AUM share
- 87.6%
- Avg. per client
- $3.49M
- Clients
- 6
- Regulatory AUM
- $19.3M
- AUM share
- 1.9%
- Avg. per client
- $3.22M
- Clients
- Fewer than 5
- Regulatory AUM
- $6.09M
- AUM share
- 0.6%
- Avg. per client
- $2.03M
- Clients
- 3
- Regulatory AUM
- $56.4M
- AUM share
- 5.6%
- Avg. per client
- $18.8M
Total
- Clients
- 342
- Regulatory AUM
- $1.01B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Navigation Group charges 0.40%–1.90% a year for its Investment Management Fees. The fee is billed in advance and is negotiable. The brochure also prices 4 other services, listed under fee details.
Fee details and sources
Other fees
- Estate Plan Annual Review
- Fixed fee of $275.
- Family Financial Philosophy Process
- Fixed fee of $2,500.
- Post-Mortem Services
- Billed at $150 per hour.
- Wealth Planning and Consulting
- Billed hourly at $575 for a financial planner and $225 for a para-planner, or as a fixed fee; other fixed fees are negotiable, generally $2,500 to $10,000.
Erik Davis owns 25% to 50% of Navigation Group. The leadership team of Navigation Group includes Chief Compliance Officer Carlo Panaccione. It has 6 employees, 5 of them in advisory roles.
Leadership
- Carlo PanaccioneManaging Member, Chief Compliance Officer
- Erik DavisManaging Member
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Erik Shannon Davis
- Karen Keller Franco
- Carlo Anthony Panaccione
Staff
- 6 employees
- 5 in advisory functions
- 5 state-registered reps
- 5 broker-dealer reps
- 2 insurance agents
- Owns 25% to 50% of Navigation Group LLC
Erik Davis
Control person · since April 1999
- Owns 25% to 50% of Navigation Group LLC
Carlo Panaccione
Control person · since April 1999
Navigation Group’s regulatory assets grew 2.1× from $481M (March 2021) to $1.01B (March 2026); clients fell from 467 to 342 and employees rose from 4 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.01B | 342 | 6 | 1 |
| April 2025 | $928M | 430 | 6 | 1 |
| April 2024 | $644M | 308 | 6 | 1 |
| March 2023 | $587M | 329 | 6 | 1 |
| March 2022 | $644M | 301 | 4 | 1 |
| March 2021 | $481M | 467 | 4 | 1 |
Besides its headquarters, Navigation Group has 0 offices, with 1 listed address in California.
California · 1 listed address
- 3 Lagoon Drive, Suite 110, Redwood ShoresHQ
Contact and registration details
- Legal name
- Navigation Group LLC
- Headquarters
- 3 Lagoon Drive, Suite 110, Redwood Shores, CA 94065
- Website
- navigationgroup.com
- Phone
- 650-595-1700
- @navigation-group
- SEC file
- 801-110408
- Founded
- 1998
- Structure
- California LLC
- Fiscal year end
- December
Navigation Group uses LPL Financial ($1.01B) as custodian for its separately managed accounts. Navigation Group does not have custody of client assets.
- LPL FinancialLPL Financial LLC · Fort Mill, SC · $1.01B100%
At year end, Navigation Group’s separately managed accounts were mostly in funds (70%) and stocks (22%). Its reported 13F holdings for the quarter ended 30 June 2026 total $514M across 121 positions; the largest are SPDR Series Trust (11.0%), Vanguard Index Fds (9.5%) and Vaneck ETF Trust (8.4%).
What the accounts hold
- Stocks22%
- Funds70%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash5%
Reported 13F holdings
- $514M
- Reported 13F value
- 121
- Positions
- 59.8%
- In the 10 largest
- +20.3%
- Value vs. prior quarter
- SPDR Series Trust · ST Str P500grw11.0%
- Vanguard Index Fds · Total Stk Mkt9.5%
- Vaneck ETF Trust · Semiconductr ETF8.4%
- SPDR Series Trust · ST Str P500val6.4%
- Pgim ETF TR · Pgim Ultra SH BD6.3%
- SPDR Series Trust · ST Str PR Sp15005.4%
- J P Morgan Exchange Traded F · Intrnl Res EQT3.6%
- Tesla Inc.3.1%
- Apple Inc.3.1%
- SPDR Index Shs Fds · ST Str PO EX ETF2.9%
Together, the ten largest are 59.8% of reported value.
How many clients does Navigation Group have?
Navigation Group has 342 clients and manages $1.01 billion for them, as of March 2026. They include 254 high-net-worth individuals, 76 individual clients, and 6 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Navigation Group offer?
Navigation Group provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Navigation Group charge?
Navigation Group charges 0.40%–1.90% a year for its Investment Management Fees. The fee is billed in advance and is negotiable.
Which custodians does Navigation Group use?
Navigation Group’s separately managed account assets are held at LPL Financial LLC (Fort Mill, SC), with $1.01B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026
How many financial advisors does Navigation Group have?
Navigation Group has 5 investment adviser representatives registered with state securities authorities, out of 6 employees, and 5 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Navigation Group invest in?
At the end of its last fiscal year, Navigation Group’s separately managed accounts held 70% registered funds (mutual funds, ETFs, BDCs), 22% exchange-traded equities, 5% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Navigation Group?
Navigation Group’s direct owners are Erik Davis and Carlo Panaccione, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Navigation Group get paid?
Navigation Group is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Navigation Group registered with the SEC?
Yes, Navigation Group has been registered with the SEC as an investment adviser since 28 April 2017. Its CRD number is 130982 and its SEC file number is 801-110408.
Source: Form ADV Part 1A, Item 1, filed 26 March 2026; IAPD firm record
How do I contact Navigation Group?
Navigation Group’s main office is at 3 Lagoon Drive, Suite 110, Redwood Shores, CA 94065. Its phone number is 650-595-1700. Its website is navigationgroup.com.