# Nord Associates LLC

> Nord Associates LLC is a state-registered investment advisory firm in Chanhassen, MN, registered since 2023, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated August 27, 2026.

- CRD: 325126
- Filed as: NORD ASSOCIATES LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Chanhassen, MN
- Filing period: October 2026
- Form ADV filing dated: August 27, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/325126
- AdvisorCensus page: https://advisorcensus.com/firm/nord-associates-llc-chanhassen-mn-325126

## Quick answers

**How is Nord Associates LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Nord Associates LLC reports these compensation arrangements: fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Nord Associates LLC located?**
Nord Associates LLC's principal office is in Chanhassen, MN, according to its Form ADV.

**Is Nord Associates LLC registered with the SEC or a state?**
Nord Associates LLC is a state-registered investment advisory firm, registered since 2023. Status as filed: APPROVED. CRD 325126.

**How much does Nord Associates LLC manage?**
Nord Associates LLC reports $49,821,554 in regulatory assets under management in its Form ADV filing dated August 27, 2026 (100% discretionary).

**What types of clients does Nord Associates LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).

**Does Nord Associates LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/325126

## From the Form ADV filing

### Compensation (Item 5.E)
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $49,821,554
- Discretionary: $49,821,554
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $49,821,554 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2023 (3 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- nordassociates.com
- LinkedIn @leif-gunderson-cfa-caia-520109b

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Nord Associates LLC (CRD 325126): Form ADV filing data as of October 2026.