# Northern Financial Advisors, Inc

> Northern Financial Advisors, Inc is an SEC-registered investment advisory firm in Bloomfield Hills, MI, registered since 2020, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 21, 2026.

- CRD: 121088
- Filed as: NORTHERN FINANCIAL ADVISORS, INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bloomfield Hills, MI
- Filing period: October 2026
- Form ADV filing dated: September 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/121088
- AdvisorCensus page: https://advisorcensus.com/firm/northern-financial-advisors-inc-bloomfield-hills-mi-121088

## Quick answers

**How is Northern Financial Advisors, Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Northern Financial Advisors, Inc reports these compensation arrangements: fixed fees (other than subscription fees).

**How much does Northern Financial Advisors, Inc charge?**
Its Form ADV Part 2A brochure dated January 29, 2026 states: Flat fee: $6,200 to $75,000 a year (Standard Retainer fee). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Northern Financial Advisors, Inc located?**
Northern Financial Advisors, Inc's principal office is in Bloomfield Hills, MI, according to its Form ADV.

**Is Northern Financial Advisors, Inc registered with the SEC or a state?**
Northern Financial Advisors, Inc is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 121088.

**How much does Northern Financial Advisors, Inc manage?**
Northern Financial Advisors, Inc reports $684,018,783 in regulatory assets under management in its Form ADV filing dated September 21, 2026 (100% discretionary).

**How have Northern Financial Advisors, Inc's assets and staff changed since 2021?**
In the Form ADV data for Northern Financial Advisors, Inc: Regulatory assets under management: $474,052,974 in the October 2021 data and $684,018,783 in the October 2026 data, up 44%. Total employees: 10 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 Financial Advisors, Inc serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (188); individuals (other than high net worth individuals) (136).

**Which custodians does Northern Financial Advisors, Inc use?**
Northern Financial Advisors, Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab as a custodian holding 10% or more of its separately managed account assets.

**Does Northern Financial Advisors, 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/121088

**Does Northern Financial Advisors, Inc state an account minimum?**
Its Form ADV Part 2A brochure dated January 29, 2026 says: "NFA’s clients generally include individuals and high net worth individuals. NFA does not have any account minimums."

**What changed in Northern Financial Advisors, Inc's recent Form ADV filings?**
In the October 2026 filing data: Employees performing advisory functions went from 9 to 8. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated January 29, 2026)

- Account minimum: None

> NFA’s clients generally include individuals and high net worth individuals. NFA does not have any account minimums.

- Flat fee: $6,200 to $75,000 a year (Standard Retainer fee)

> NFA’s Standard Retainer fee is an annual fixed fee ranging between $6,200 and $75,000 based on the complexity of Client’s financial needs

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

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: $684,018,783
- Discretionary: $683,921,478
- Non-discretionary: $97,305

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 136 | $61,132,781 |
| High net worth individuals | 188 | $622,886,002 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2020 (6 years)
- Employees: 11 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, IL, MI, NC, NY, PA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [northernfinancialadvisors.com](https://northernfinancialadvisors.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $474,052,974 | 10 | August 9, 2021 |
| October 2022 | $532,039,019 | 8 | January 28, 2022 |
| October 2023 | $507,784,808 | 12 | January 30, 2023 |
| October 2024 | $560,870,235 | 13 | January 19, 2024 |
| October 2025 | $619,773,830 | 13 | January 27, 2025 |
| October 2026 | $684,018,783 | 11 | September 21, 2026 |

Regulatory assets under management: $474,052,974 in the October 2021 data and $684,018,783 in the October 2026 data, up 44%.
Total employees: 10 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Employees performing advisory functions went from 9 to 8.
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Employees performing advisory functions went from 6 to 9.
- Regulatory assets under management went from $619,773,830 to $684,018,783 (+10%).
- Registered or notice-filed in NC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Northern Financial Advisors, Inc (CRD 121088): Form ADV filing data as of October 2026.