# North Shore Private Asset Management, LLC

> North Shore Private Asset Management, LLC is an SEC-registered investment advisory firm in Lake Forest, IL, registered since 2015, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 130132
- Filed as: NORTH SHORE PRIVATE ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lake Forest, IL
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/130132
- AdvisorCensus page: https://advisorcensus.com/firm/north-shore-private-asset-management-llc-lake-forest-il-130132

## Quick answers

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

**How much does North Shore Private Asset Management, LLC charge?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Hourly rate: $200 an hour (Advanced Plan). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is North Shore Private Asset Management, LLC located?**
North Shore Private Asset Management, LLC's principal office is in Lake Forest, IL, according to its Form ADV.

**Is North Shore Private Asset Management, LLC registered with the SEC or a state?**
North Shore Private Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 130132.

**How much does North Shore Private Asset Management, LLC manage?**
North Shore Private Asset Management, LLC reports $572,561,013 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have North Shore Private Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for North Shore Private Asset Management, LLC: Regulatory assets under management: $329,110,651 in the October 2021 data and $572,561,013 in the October 2026 data, up 74%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does North Shore Private Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (128); individuals (other than high net worth individuals) (80); state or municipal government entities (including government pension plans) (8).

**Which custodians does North Shore Private Asset Management, LLC use?**
North Shore Private Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fifth Third Bank and Raymond James Financial Services, Inc. as custodians holding 10% or more of its separately managed account assets.

**Does North Shore Private Asset Management, 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/130132

**What changed in North Shore Private Asset Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $474,527,989 to $572,561,013 (+21%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Hourly rate: $200 an hour (Advanced Plan)

> The hourly fee for the Advanced Plan is $200 per hour, but the Adviser reserves the right to negotiate client fees for the Advanced Plan.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fifth Third Bank
- Raymond James Financial Services, Inc.

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: $572,561,013
- Discretionary: $571,342,225
- Non-discretionary: $1,218,788

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 80 | $50,803,414 |
| High net worth individuals | 128 | $293,457,294 |
| 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) | 0 | $0 |
| 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) | 8 | $178,918,308 |
| 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 | 1 | $33,429,655 |
| Other | 1 | $15,952,342 |

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

### Firm details
- Registered since: 2015 (11 years)
- Employees: 4 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [nsprivateam.com](https://nsprivateam.com)
- LinkedIn @NORTH-SHORE-PRIVATE-ASSET-MANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $329,110,651 | 4 | April 1, 2021 |
| October 2022 | $305,123,247 | 4 | March 30, 2022 |
| October 2023 | $349,472,894 | 4 | September 8, 2023 |
| October 2024 | $394,746,933 | 5 | March 30, 2024 |
| October 2025 | $474,527,989 | 4 | March 29, 2025 |
| October 2026 | $572,561,013 | 4 | March 30, 2026 |

Regulatory assets under management: $329,110,651 in the October 2021 data and $572,561,013 in the October 2026 data, up 74%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $474,527,989 to $572,561,013 (+21%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. North Shore Private Asset Management, LLC (CRD 130132): Form ADV filing data as of October 2026.