{
  "crd_number": 111379,
  "slug": "northern-capital-management-inc-spokane-wa-111379",
  "primary_business_name": "NORTHERN CAPITAL MANAGEMENT, INC.",
  "legal_name": "NORTHERN CAPITAL MANAGEMENT, INC.",
  "dbas": [],
  "city": "Spokane",
  "state": "WA",
  "country": "United States",
  "cbsa_code": "44060",
  "metro": {
    "cbsa_code": "44060",
    "common_name": "Spokane",
    "msa_name": "Spokane-Spokane Valley, WA",
    "path": "/advisors/wa/spokane"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1993-11-05",
  "years_registered": 32,
  "period": "2026-10-01",
  "filing_date": "2026-09-30",
  "carried_forward": false,
  "raum_total": 918205708.0,
  "raum_discretionary": 916381421.0,
  "raum_non_discretionary": 1824287.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 11,
  "advisory_employees": 8,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 2886763.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 147417959.0,
      "count": 558
    },
    "pension_profit_sharing": {
      "raum": 348715568.0,
      "count": 21
    },
    "high_net_worth_individuals": {
      "raum": 407818364.0,
      "count": 148
    },
    "corporations_other_businesses": {
      "raum": 11367054.0,
      "count": 12
    }
  },
  "compensation_types": [
    "fixed",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "FL",
    "ID",
    "LA",
    "MT",
    "NE",
    "OR",
    "TX",
    "WA"
  ],
  "websites": [
    "https://facebook.com/NORTHERNWELCOME",
    "https://northernwelcome.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111379",
  "city_as_filed": "SPOKANE",
  "url": "https://advisorcensus.com/firm/northern-capital-management-inc-spokane-wa-111379",
  "display_name": "Northern Capital Management, Inc.",
  "summary": "Northern Capital Management, Inc. is an SEC-registered investment advisory firm in Spokane, WA, registered since 1993, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.",
  "citation": "AdvisorCensus. Northern Capital Management, Inc. (CRD 111379): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Northern Capital Management, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Northern Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); other."
    },
    {
      "q": "Where is Northern Capital Management, Inc. located?",
      "a": "Northern Capital Management, Inc.'s principal office is in Spokane, WA, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Northern Capital Management, Inc. registered with the SEC or a state?",
      "a": "Northern Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 111379."
    },
    {
      "q": "How much does Northern Capital Management, Inc. manage?",
      "a": "Northern Capital Management, Inc. reports $918,205,708 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Northern Capital Management, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Northern Capital Management, Inc.: Regulatory assets under management: $341,587,335 in the October 2021 data and $918,205,708 in the October 2026 data, up 169%. Total employees: 9 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Northern Capital Management, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (558); high net worth individuals (148); pension and profit sharing plans (but not the plan participants or government pension plans) (21)."
    },
    {
      "q": "Which custodians does Northern Capital Management, Inc. use?",
      "a": "Northern Capital Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Northern Capital Management, Inc. report any disciplinary disclosures?",
      "a": "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/111379"
    },
    {
      "q": "Does Northern Capital Management, Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 10, 2026 says: \"There is no minimum account size for new clients.\""
    },
    {
      "q": "What changed in Northern Capital Management, Inc.'s recent Form ADV filings?",
      "a": "In the October 2026 filing data: Regulatory assets under management went from $526,735,016 to $918,205,708 (+74%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 341587335.0,
      "total_employees": 9,
      "filing_date": "2021-03-25"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 388356058.0,
      "total_employees": 10,
      "filing_date": "2022-03-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 340167135.0,
      "total_employees": 11,
      "filing_date": "2023-03-23"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 390992420.0,
      "total_employees": 11,
      "filing_date": "2024-03-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 462159064.0,
      "total_employees": 11,
      "filing_date": "2025-07-24"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 918205708.0,
      "total_employees": 11,
      "filing_date": "2026-09-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Regulatory assets under management went from $526,735,016 to $918,205,708 (+74%)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $462,159,064 to $526,735,016 (+14%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 10, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "There is no minimum account size for new clients."
        ]
      }
    ],
    "quotes": [
      "There is no minimum account size for new clients."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/northern-capital-management-inc-spokane-wa-111379.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 558,
      "fewer_than_5": false,
      "raum": 147417959.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 148,
      "fewer_than_5": false,
      "raum": 407818364.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 21,
      "fewer_than_5": false,
      "raum": 348715568.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 2886763.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 12,
      "fewer_than_5": false,
      "raum": 11367054.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/111379",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}