# Northern Capital Management, Inc.

> 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.

- CRD: 111379
- Filed as: NORTHERN CAPITAL MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Spokane, WA
- Filing period: October 2026
- Form ADV filing dated: September 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111379
- AdvisorCensus page: https://advisorcensus.com/firm/northern-capital-management-inc-spokane-wa-111379

## Quick answers

**How is Northern Capital Management, Inc. compensated?**
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.

**Where is Northern Capital Management, Inc. located?**
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).

**Is Northern Capital Management, Inc. registered with the SEC or a state?**
Northern Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 111379.

**How much does Northern Capital Management, Inc. manage?**
Northern Capital Management, Inc. reports $918,205,708 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (100% discretionary).

**How have Northern Capital Management, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does Northern Capital Management, Inc. serve?**
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).

**Which custodians does Northern Capital Management, Inc. use?**
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.

**Does Northern Capital Management, Inc. 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/111379

**Does Northern Capital Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 10, 2026 says: "There is no minimum account size for new clients."

**What changed in Northern Capital Management, Inc.'s recent Form ADV filings?**
In the October 2026 filing data: Regulatory assets under management went from $526,735,016 to $918,205,708 (+74%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 10, 2026)

- Account minimum: None

> There is no minimum account size for new clients.

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.

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: $918,205,708
- Discretionary: $916,381,421
- Non-discretionary: $1,824,287

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 558 | $147,417,959 |
| High net worth individuals | 148 | $407,818,364 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 21 | $348,715,568 |
| Charitable organizations | Fewer than 5 | $2,886,763 |
| Corporations or other businesses not listed above | 12 | $11,367,054 |

### 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
- Pension consulting services
- Publication of periodicals or newsletters
- Educational seminars/workshops
- Other

### Firm details
- Registered since: 1993 (32 years)
- Employees: 11 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, ID, LA, MT, NE, OR, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Post Falls, ID

### Websites listed on Form ADV (Item 1.I)
- northernwelcome.com
- Facebook @NORTHERNWELCOME

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $341,587,335 | 9 | March 25, 2021 |
| October 2022 | $388,356,058 | 10 | March 25, 2022 |
| October 2023 | $340,167,135 | 11 | March 23, 2023 |
| October 2024 | $390,992,420 | 11 | March 20, 2024 |
| October 2025 | $462,159,064 | 11 | July 24, 2025 |
| October 2026 | $918,205,708 | 11 | September 30, 2026 |

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.

## Changes in the filing (last 12 months)

### October 2026
- Regulatory assets under management went from $526,735,016 to $918,205,708 (+74%).

### April 2026
- Regulatory assets under management went from $462,159,064 to $526,735,016 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Northern Capital Management, Inc. (CRD 111379): Form ADV filing data as of October 2026.