# North Capital

> North Capital is an SEC-registered investment advisory firm in Salt Lake City, UT, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 5, 2026.

- CRD: 148802
- Filed as: NORTH CAPITAL
- Legal name: North Capital, Inc.
- Also doing business as: COMPASS FAMILY OFFICES, COMPASS INVESTMENTS, EVISOR
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Salt Lake City, UT
- Filing period: October 2026
- Form ADV filing dated: May 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/148802
- AdvisorCensus page: https://advisorcensus.com/firm/north-capital-salt-lake-city-ut-148802

## Quick answers

**How is North Capital compensated?**
On its Form ADV (Item 5.E, October 2026), North Capital reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is North Capital located?**
North Capital's principal office is in Salt Lake City, UT, according to its Form ADV.

**Is North Capital registered with the SEC or a state?**
North Capital is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 148802.

**How much does North Capital manage?**
North Capital reports $365,760,255 in regulatory assets under management in its Form ADV filing dated May 5, 2026 (94% discretionary).

**How have North Capital's assets and staff changed since 2021?**
In the Form ADV data for North Capital: Regulatory assets under management: $217,002,403 in the October 2021 data and $365,760,255 in the October 2026 data, up 69%. Total employees: 9 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does North Capital serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (119); high net worth individuals (51); corporations or other businesses not listed above (4).

**Which custodians does North Capital use?**
North Capital's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Interactive Brokers LLC as custodians holding 10% or more of its separately managed account assets.

**Does North Capital 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/148802

**What changed in North Capital's recent Form ADV filings?**
In the June 2026 filing data: Regulatory assets under management went from $292,582,491 to $365,760,255 (+25%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Interactive Brokers LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $365,760,255
- Discretionary: $342,967,563
- Non-discretionary: $22,792,692

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 119 | $22,354,621 |
| High net worth individuals | 51 | $246,376,947 |
| Banking or thrift institutions | 1 | $7,237,402 |
| Investment companies | 1 | $66,723,000 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 3 | $12,690,500 |
| Charitable organizations | 3 | $6,522,259 |
| 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 | 4 | $3,855,526 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2017 (9 years)
- Employees: 12 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, GA, NY, TX, UT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- advisory.northcapital.com
- compassvest.com
- northcapital.com/advisory
- LinkedIn @dowdjp
- LinkedIn @paul-bowers-9920b3189

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $217,002,403 | 9 | July 22, 2021 |
| October 2022 | $267,845,854 | 9 | July 20, 2022 |
| October 2023 | $260,946,342 | 8 | June 5, 2023 |
| October 2024 | $251,713,685 | 8 | June 14, 2024 |
| October 2025 | $292,582,491 | 12 | June 27, 2025 |
| October 2026 | $365,760,255 | 12 | May 5, 2026 |

Regulatory assets under management: $217,002,403 in the October 2021 data and $365,760,255 in the October 2026 data, up 69%.
Total employees: 9 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Regulatory assets under management went from $292,582,491 to $365,760,255 (+25%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. North Capital (CRD 148802): Form ADV filing data as of October 2026.