{
  "crd_number": 330231,
  "slug": "n-l-c-llc-boca-raton-fl-330231",
  "primary_business_name": "N.L.C. LLC",
  "legal_name": "N.L.C. LLC",
  "dbas": [],
  "city": "Boca Raton",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "33100",
  "metro": {
    "cbsa_code": "33100",
    "common_name": "Miami",
    "msa_name": "Miami-Fort Lauderdale-West Palm Beach, FL",
    "path": "/advisors/fl/miami"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2026-08-05",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2026-08-09",
  "carried_forward": false,
  "raum_total": 286066300.0,
  "raum_discretionary": 286066300.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 2,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 286066300.0,
      "count": 15
    }
  },
  "compensation_types": [
    "fixed",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL"
  ],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/330231",
  "city_as_filed": "BOCA RATON",
  "url": "https://advisorcensus.com/firm/n-l-c-llc-boca-raton-fl-330231",
  "display_name": "N.L.C. LLC",
  "summary": "N.L.C. LLC is an SEC-registered investment advisory firm in Boca Raton, FL, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 9, 2026.",
  "citation": "AdvisorCensus. N.L.C. LLC (CRD 330231): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is N.L.C. LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), N.L.C. LLC reports these compensation arrangements: fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "Where is N.L.C. LLC located?",
      "a": "N.L.C. LLC's principal office is in Boca Raton, FL, according to its Form ADV."
    },
    {
      "q": "Is N.L.C. LLC registered with the SEC or a state?",
      "a": "N.L.C. LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 330231."
    },
    {
      "q": "How much does N.L.C. LLC manage?",
      "a": "N.L.C. LLC reports $286,066,300 in regulatory assets under management in its Form ADV filing dated August 9, 2026 (100% discretionary)."
    },
    {
      "q": "What types of clients does N.L.C. LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (15)."
    },
    {
      "q": "Does N.L.C. LLC report any disciplinary disclosures?",
      "a": "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/330231"
    },
    {
      "q": "What changed in N.L.C. LLC's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Changed its legal name from N.L.C LLC to N.L.C. LLC."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Began filing reports as an exempt reporting adviser."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/n-l-c-llc-boca-raton-fl-330231.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 15,
      "fewer_than_5": false,
      "raum": 286066300.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/330231",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}