# 44 North Capital, LLC

> 44 North Capital, LLC is an SEC-registered investment advisory firm in Burlington, VT, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 26, 2026.

- CRD: 327552
- Filed as: 44 NORTH CAPITAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Burlington, VT
- Filing period: October 2026
- Form ADV filing dated: August 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/327552
- AdvisorCensus page: https://advisorcensus.com/firm/44-north-capital-llc-burlington-vt-327552

## Quick answers

**How is 44 North Capital, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), 44 North Capital, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**How much does 44 North Capital, LLC charge?**
Its Form ADV Part 2A brochure dated July 27, 2026 states: Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is 44 North Capital, LLC located?**
44 North Capital, LLC's principal office is in Burlington, VT, according to its Form ADV.

**Is 44 North Capital, LLC registered with the SEC or a state?**
44 North Capital, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 327552.

**How much does 44 North Capital, LLC manage?**
44 North Capital, LLC reports $125,122,374 in regulatory assets under management in its Form ADV filing dated August 26, 2026 (100% discretionary).

**How have 44 North Capital, LLC's assets and staff changed since 2023?**
In the Form ADV data for 44 North Capital, LLC: Regulatory assets under management: $0 in the October 2023 data and $125,122,374 in the October 2026 data. Total employees: 3 in October 2023 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does 44 North Capital, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (217); individuals (other than high net worth individuals) (208); pension and profit sharing plans (but not the plan participants or government pension plans) (9).

**Which custodians does 44 North Capital, LLC use?**
44 North Capital, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does 44 North Capital, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/327552

**Does 44 North Capital, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated July 27, 2026 says: "The Firm does not impose a stated minimum fee or minimum portfolio value for starting and maintaining an investment management relationship."

**What changed in 44 North Capital, LLC's recent Form ADV filings?**
In the August 2026 filing data: Registered or notice-filed in NH.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated July 27, 2026)

- Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states)

> Our annual fee ranges up to 1.25 % annually and is assessed and/or charged monthly in advance, based on the value at the end of the billing period.

- Account minimum: None

> The Firm does not impose a stated minimum fee or minimum portfolio value for starting and maintaining an investment management relationship.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $125,122,374
- Discretionary: $125,122,374
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 208 | $25,558,552 |
| High net worth individuals | 217 | $96,420,998 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 9 | $1,081,422 |
| Corporations or other businesses not listed above | 4 | $2,061,402 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Other

### Firm details
- Registered since: 2023 (3 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CT, FL, MA, NH, VT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [44ncap.com](https://44ncap.com)
- LinkedIn @44-north-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $0 | 3 | September 8, 2023 |
| October 2024 | $104,480,973 | 3 | April 16, 2024 |
| October 2025 | $113,955,548 | 3 | March 10, 2025 |
| October 2026 | $125,122,374 | 3 | August 26, 2026 |

Regulatory assets under management: $0 in the October 2023 data and $125,122,374 in the October 2026 data.
Total employees: 3 in October 2023 and 3 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Registered or notice-filed in NH.

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. 44 North Capital, LLC (CRD 327552): Form ADV filing data as of October 2026.