{
  "crd_number": 134502,
  "slug": "ni-advisors-milpitas-ca-134502",
  "primary_business_name": "NI ADVISORS",
  "legal_name": "NI ADVISORS",
  "dbas": [],
  "city": "Milpitas",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41940",
  "metro": {
    "cbsa_code": "41940",
    "common_name": "San Jose",
    "msa_name": "San Jose-Sunnyvale-Santa Clara, CA",
    "path": "/advisors/ca/san-jose"
  },
  "registration_type": "state",
  "registration_status": "APPROVED",
  "registration_date": "2012-05-23",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-09-30",
  "carried_forward": false,
  "raum_total": 3560000.0,
  "raum_discretionary": 1100000.0,
  "raum_non_discretionary": 2460000.0,
  "raum_band": "under_25m",
  "raum_band_label": "Under $25 million",
  "total_employees": 16,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 60000.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 3500000.0,
      "count": 6
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "CA",
    "CO",
    "FL",
    "MA",
    "NJ",
    "RI",
    "TX"
  ],
  "websites": [
    "https://niadvisorsinc.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/134502",
  "disclosure_items": [
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    }
  ],
  "city_as_filed": "MILPITAS",
  "url": "https://advisorcensus.com/firm/ni-advisors-milpitas-ca-134502",
  "display_name": "NI Advisors",
  "summary": "NI Advisors is a state-registered investment advisory firm in Milpitas, CA, registered since 2012, reporting under $25 million in regulatory assets under management in its Form ADV filing dated September 30, 2026.",
  "citation": "AdvisorCensus. NI Advisors (CRD 134502): Form ADV filing data as of October 2026.",
  "registration_type_label": "State-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is NI Advisors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), NI Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other."
    },
    {
      "q": "Where is NI Advisors located?",
      "a": "NI Advisors' principal office is in Milpitas, CA, according to its Form ADV."
    },
    {
      "q": "Is NI Advisors registered with the SEC or a state?",
      "a": "NI Advisors is a state-registered investment advisory firm, registered since 2012. Status as filed: APPROVED. CRD 134502."
    },
    {
      "q": "How much does NI Advisors manage?",
      "a": "NI Advisors reports $3,560,000 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (31% discretionary)."
    },
    {
      "q": "What types of clients does NI Advisors serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (6)."
    },
    {
      "q": "Does NI Advisors report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/134502"
    }
  ],
  "filing_history": [],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/ni-advisors-milpitas-ca-134502.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": null,
      "fewer_than_5": true,
      "raum": 60000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 6,
      "fewer_than_5": false,
      "raum": 3500000.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "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/134502",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}