AdvisorCensus / Financial advisors / Minnesota / Minneapolis / Next Century Growth Investors LLC
Next Century Growth Investors LLC
Filed as NEXT CENTURY GROWTH INVESTORS LLC
Next Century Growth Investors LLC is an SEC-registered investment advisory firm in Plymouth, MN, registered since 1998, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.
Quick answers
From the filingHow is Next Century Growth Investors LLC compensated?
On its Form ADV (Item 5.E, October 2026), Next Century Growth Investors LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.
Where is Next Century Growth Investors LLC located?
Next Century Growth Investors LLC's principal office is in Plymouth, MN, according to its Form ADV.
Is Next Century Growth Investors LLC registered with the SEC or a state?
Next Century Growth Investors LLC is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 108978.
How much does Next Century Growth Investors LLC manage?
Next Century Growth Investors LLC reports $1,519,766,041 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (96% discretionary).
How have Next Century Growth Investors LLC's assets and staff changed since 2021?
In the Form ADV data for Next Century Growth Investors LLC: Regulatory assets under management: $1,314,206,603 in the October 2021 data and $1,519,766,041 in the October 2026 data, up 16%. Total employees: 9 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Next Century Growth Investors LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (13); pension and profit sharing plans (but not the plan participants or government pension plans) (10); state or municipal government entities (including government pension plans) (5).
Which custodians does Next Century Growth Investors LLC use?
Next Century Growth Investors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan, Northern Trust and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets.
Does Next Century Growth Investors 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/108978
What changed in Next Century Growth Investors LLC's recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $1,254,522,399 to $1,519,766,041 (+21%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated March 25, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$1,519,766,041 as of October 2026, filing dated March 25, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1998 (27 years)
- Employees
- Total: 9. Performing investment advisory functions: 5.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
5 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,519,766,041 | 9 | March 25, 2026 |
| October 2025 | $1,254,522,399 | 9 | March 26, 2025 |
| October 2024 | $1,171,031,139 | 9 | March 28, 2024 |
| October 2023 | $930,693,948 | 9 | March 31, 2023 |
| October 2022 | $1,046,070,928 | 9 | March 31, 2022 |
| October 2021 | $1,314,206,603 | 9 | March 31, 2021 |
Regulatory assets under management: $1,314,206,603 in the October 2021 data and $1,519,766,041 in the October 2026 data, up 16%.
Total employees: 9 in October 2021 and 9 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $1,254,522,399 to $1,519,766,041 (+21%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Next Century Growth Investors LLC (CRD 108978): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/next-century-growth-investors-llc-plymouth-mn-108978