{
  "crd_number": 336725,
  "slug": "napier-financial-braintree-ma-336725",
  "primary_business_name": "NAPIER FINANCIAL",
  "legal_name": "NAPIER FINANCIAL, LLC",
  "dbas": [],
  "city": "Braintree",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "14460",
  "metro": {
    "cbsa_code": "14460",
    "common_name": "Boston",
    "msa_name": "Boston-Cambridge-Newton, MA-NH",
    "path": "/advisors/ma/boston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2025-06-26",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2026-07-17",
  "carried_forward": false,
  "raum_total": 587928017.0,
  "raum_discretionary": 546979166.0,
  "raum_non_discretionary": 40948851.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 14,
  "advisory_employees": 9,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 80529241.0,
      "count": 104
    },
    "other_investment_advisers": {
      "raum": 16971185.0,
      "count": 6
    },
    "high_net_worth_individuals": {
      "raum": 452851154.0,
      "count": 120
    },
    "corporations_other_businesses": {
      "raum": 37576437.0,
      "count": 12
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "LA",
    "MA",
    "ME",
    "NH",
    "NY",
    "RI",
    "TX"
  ],
  "websites": [
    "https://facebook.com/napierfinancial",
    "https://linkedin.com/company/napier-financial",
    "https://napierfinancial.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/336725",
  "city_as_filed": "BRAINTREE",
  "url": "https://advisorcensus.com/firm/napier-financial-braintree-ma-336725",
  "display_name": "Napier Financial",
  "summary": "Napier Financial is an SEC-registered investment advisory firm in Braintree, MA, registered since 2025, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 17, 2026.",
  "citation": "AdvisorCensus. Napier Financial (CRD 336725): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Napier Financial compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Napier Financial reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Napier Financial charge?",
      "a": "Its Form ADV Part 2A brochure dated July 17, 2026 states: Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states); Flat fee: $2,500 (Stand-alone financial planning fees); Hourly rate: $400 an hour (Financial Planning Agreement termination). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Napier Financial located?",
      "a": "Napier Financial's principal office is in Braintree, MA, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Napier Financial registered with the SEC or a state?",
      "a": "Napier Financial is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 336725."
    },
    {
      "q": "How much does Napier Financial manage?",
      "a": "Napier Financial reports $587,928,017 in regulatory assets under management in its Form ADV filing dated July 17, 2026 (93% discretionary)."
    },
    {
      "q": "How have Napier Financial's assets and staff changed since 2025?",
      "a": "In the Form ADV data for Napier Financial: Regulatory assets under management: $0 in the October 2025 data and $587,928,017 in the October 2026 data. Total employees: 14 in October 2025 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Napier Financial serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (120); individuals (other than high net worth individuals) (104); corporations or other businesses not listed above (12)."
    },
    {
      "q": "Which custodians does Napier Financial use?",
      "a": "Napier Financial's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists LPL Financial LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Napier Financial 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/336725"
    },
    {
      "q": "Does Napier Financial state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated July 17, 2026 says: \"Our Firm requires an account minimum of $1,000,000 to initiate the advisory and asset management services. This minimum may be waived upon the firm’s discretion.\""
    },
    {
      "q": "What changed in Napier Financial's recent Form ADV filings?",
      "a": "In the August 2026 filing data: Employees performing advisory functions went from 8 to 9."
    }
  ],
  "filing_history": [
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 0.0,
      "total_employees": 14,
      "filing_date": "2025-06-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 587928017.0,
      "total_employees": 14,
      "filing_date": "2026-07-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Employees performing advisory functions went from 8 to 9."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Regulatory assets under management went from $0 to $517,704,154.",
        "Registered or notice-filed in CA, LA, ME, NH, NY, RI, TX."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 17, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "1.5% of assets a year",
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $2,500 (Stand-alone financial planning fees)",
      "Hourly rate: $400 an hour (Financial Planning Agreement termination)"
    ],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Napier’s annual fees are based upon a percentage of assets under management not to exceed 1. 50%."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Our Firm requires an account minimum of $1,000,000 to initiate the advisory and asset management services. This minimum may be waived upon the firm’s discretion."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $2,500 (Stand-alone financial planning fees)"
        ],
        "quotes": [
          "Stand- alone financial planning fees are fixed.  The fixed fees start at $2,500."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $400 an hour (Financial Planning Agreement termination)"
        ],
        "quotes": [
          "Upon termination, any earned fees will be billed hourly at a rate of $400/hour and any unearned fees will be refunded at an hourly rate of $400/hour."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": 1.5,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": 2500.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "Stand-alone financial planning fees"
        },
        {
          "kind": "hourly",
          "amount": 400.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Financial Planning Agreement termination"
        }
      ]
    },
    "quotes": [
      "Napier’s annual fees are based upon a percentage of assets under management not to exceed 1. 50%.",
      "Our Firm requires an account minimum of $1,000,000 to initiate the advisory and asset management services. This minimum may be waived upon the firm’s discretion.",
      "Stand- alone financial planning fees are fixed.  The fixed fees start at $2,500.",
      "Upon termination, any earned fees will be billed hourly at a rate of $400/hour and any unearned fees will be refunded at an hourly rate of $400/hour."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "LPL Financial LLC",
      "name_as_filed": "LPL FINANCIAL LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/napier-financial-braintree-ma-336725.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 104,
      "fewer_than_5": false,
      "raum": 80529241.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 120,
      "fewer_than_5": false,
      "raum": 452851154.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 6,
      "fewer_than_5": false,
      "raum": 16971185.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 12,
      "fewer_than_5": false,
      "raum": 37576437.0
    }
  ],
  "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/336725",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}