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Northcrest Asset Management
Filed as NORTHCREST ASSET MANAGEMENT · Legal name Northcrest Asset Management LLC
Northcrest Asset Management is an SEC-registered investment advisory firm in Plymouth, MN, registered since 2021, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 2, 2026.
Quick answers
From the filingHow is Northcrest Asset Management compensated?
On its Form ADV (Item 5.E, October 2026), Northcrest Asset Management 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 Northcrest Asset Management located?
Northcrest Asset Management's principal office is in Plymouth, MN, according to its Form ADV.
Is Northcrest Asset Management registered with the SEC or a state?
Northcrest Asset Management is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 300366.
How much does Northcrest Asset Management manage?
Northcrest Asset Management reports $4,327,112,057 in regulatory assets under management in its Form ADV filing dated July 2, 2026 (100% discretionary).
How have Northcrest Asset Management's assets and staff changed since 2021?
In the Form ADV data for Northcrest Asset Management: Regulatory assets under management: $2,028,985,875 in the October 2021 data and $4,327,112,057 in the October 2026 data, up 113%. Total employees: 6 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.
Which custodians does Northcrest Asset Management use?
Northcrest Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.
Does Northcrest Asset Management 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/300366
What changed in Northcrest Asset Management's recent Form ADV filings?
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).
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 2ASee the firm's brochure (dated March 26, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$4,327,112,057 as of October 2026, filing dated July 2, 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- Other
Registration and firm details
Items 1, 2, 5- Legal name
- Northcrest Asset Management LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (5 years)
- Employees
- Total: 12. Performing investment advisory functions: 6.
- 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
-
28 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 | $4,327,112,057 | 12 | July 2, 2026 |
| October 2025 | $2,880,805,923 | 12 | June 30, 2025 |
| October 2024 | $3,153,026,552 | 12 | July 8, 2024 |
| October 2023 | $2,676,661,404 | 0 | June 16, 2023 |
| October 2022 | $2,167,114,906 | 13 | July 5, 2022 |
| October 2021 | $2,028,985,875 | 6 | September 13, 2021 |
Regulatory assets under management: $2,028,985,875 in the October 2021 data and $4,327,112,057 in the October 2026 data, up 113%.
Total employees: 6 in October 2021 and 12 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- August 2026
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Regulatory assets under management went from $2,880,805,923 to $4,327,112,057 (+50%).
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.INot reported.
Source: 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. Northcrest Asset Management (CRD 300366): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/northcrest-asset-management-plymouth-mn-300366