Nea's Member Benefits Corporation (Gaithersburg)


Nea's Member Benefits Corporation is a multi-state adviser based in Gaithersburg. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Nea's Member Benefits Corporation provides publication of newsletters, educational seminars and workshops, and see schedule d miscellaneous. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Nea's Member Benefits Corporation for their services and products based on 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 Andrew Policastro serves?

The only and largest group of clients of Andrew Policastro is individuals with 63,528 clients and $0 of assets under management. Among the 7 most similar advisory firms, Nea's Member Benefits Corporation has the highest percentage of individuals out of all clients.

None of the firm’s clients are foreign persons or businesses.

Nea's Member Benefits Corporation doesn't advise any private funds.

Careers at Nea's Member Benefits Corporation

The company employs 101 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 50 people 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 receive compensation from other entities for client referrals.

Andrew Policastro has been acting as President since 1 Sep 2013. Amanda Sue Prichard joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
National Education Association Shareholder 1 Aug 1985 75% - 100% 53-0115260
Al Mance Director 1 Sep 1999 Other 5061608
William Bjork Director 1 Sep 2001 Other 5061605
Dennis Bernie Van Roekel Director 1 Jul 2002 Other 4478110
Lily Eskelsen Chairman of the board of directors 1 Jul 2002 Other 4600597
Lily Eskelsen Garcia Director 1 Jul 2002 Other 4600597
Ronald C. Mentzer Chief financial officer 1 Sep 2003 Other 4478109
Edward Garland Phoebus Chief executive officer 1 Apr 2004 Other 2668320
Lisa M Sotir Chief compliance officer, chief legal officer 1 Sep 2005 Other 5061654
Sheridan Pearce Director 1 Sep 2005 Other 5061609
Terri Sanders Director 1 Sep 2005 Other 5061612
Susan Kuziak Director 1 Sep 2005 Other 5061613
Lisa Sotir Chief legal officer 1 Sep 2005 Other 5061654
Sarah Borgman Director 1 Nov 2005 Other 5061614
Ronald C. Mentzer Chief financial officer 1 Nov 2005 Other 4478109
John Charles Wendland Chief compliance officer 1 Nov 2005 Other 2668322
Thomas A. Dooher Director 1 Aug 2007 Other 5458978
Maureen A. Honan Director 1 Nov 2007 Other 5459309
Frank Allen Yates Director 1 May 2008 Other 1277717
Becky Pringle Chair of the board of directors 1 Sep 2008 Other 5577004
Kathleen E Griffin Director 1 Nov 2010 Other 5866865
Leslie Dake Director 1 Sep 2011 Other 5995469
Michele Yakopcic Director 1 Sep 2011 Other 5995470
Andrew Policastro Director 1 Sep 2013 Other 6264546
Rodney Noel Ellis Director 1 Sep 2013 Other 6264543
Claudette Johns Director 1 Sep 2013 Other 6264544
Princess Moss Director 1 Sep 2014 Other 6564503
Lawrence Garcia Director 1 Sep 2014 Other 6564500
Brent Alan Mckim Director 1 Oct 2015 Other 6728929
Edward John Richardson Director 1 Oct 2015 Other 6728935
Mark Simons Director 1 Oct 2015 Other 6728941
Cecilia Evans Chief financial officer 1 Sep 2016 Other 6728946
Linda Estrada Director 1 Oct 2016 Other 6728930
Noel Candelaria Director 1 Oct 2016 Other 4526163
Amanda Sue Prichard Director 1 Oct 2017 Other 6918254

Based in Gaithersburg

The principal office where Nea's Member Benefits Corporation performs its advisory services is located at 900 Clopper Road, Gaithersburg, MD 20878 1360, 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 301-251-9600 or by fax 301-527-8210. The normal business hours are 8:45 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at neamb.com.

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