{
  "crd_number": 146452,
  "slug": "northland-capital-management-virginia-mn-146452",
  "primary_business_name": "NORTHLAND CAPITAL MANAGEMENT",
  "legal_name": "NORTHLAND CAPITAL MANAGEMENT, LLC",
  "dbas": [],
  "city": "Virginia",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "20260",
  "metro": {
    "cbsa_code": "20260",
    "common_name": "Duluth",
    "msa_name": "Duluth, MN-WI",
    "path": "/advisors/mn/duluth"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-04-10",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-07-16",
  "carried_forward": false,
  "raum_total": 234953770.0,
  "raum_discretionary": 234953770.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 6,
  "advisory_employees": 3,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 99480910.0,
      "count": 196
    },
    "state_municipal": {
      "raum": 1502950.0,
      "count": 2
    },
    "high_net_worth_individuals": {
      "raum": 133969910.0,
      "count": 85
    }
  },
  "compensation_types": [
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "MN",
    "NE",
    "WI"
  ],
  "websites": [
    "https://northlandcap.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/146452",
  "city_as_filed": "VIRGINIA",
  "url": "https://advisorcensus.com/firm/northland-capital-management-virginia-mn-146452",
  "display_name": "Northland Capital Management",
  "summary": "Northland Capital Management is an SEC-registered investment advisory firm in Virginia, MN, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 16, 2026.",
  "citation": "AdvisorCensus. Northland Capital Management (CRD 146452): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Northland Capital Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Northland Capital Management reports these compensation arrangements: a percentage of assets under its management; hourly charges."
    },
    {
      "q": "How much does Northland Capital Management charge?",
      "a": "Its Form ADV Part 2A brochure dated July 16, 2026 states: Hourly rate: $100 an hour (ad hoc services such as limited investment advisory services and limited…). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Northland Capital Management located?",
      "a": "Northland Capital Management's principal office is in Virginia, MN, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Northland Capital Management registered with the SEC or a state?",
      "a": "Northland Capital Management is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 146452."
    },
    {
      "q": "How much does Northland Capital Management manage?",
      "a": "Northland Capital Management reports $234,953,770 in regulatory assets under management in its Form ADV filing dated July 16, 2026 (100% discretionary)."
    },
    {
      "q": "How have Northland Capital Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Northland Capital Management: Regulatory assets under management: $147,912,550 in the October 2021 data and $234,953,770 in the October 2026 data, up 59%. Total employees: 6 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Northland Capital Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (196); high net worth individuals (85); state or municipal government entities (including government pension plans) (2)."
    },
    {
      "q": "Which custodians does Northland Capital Management use?",
      "a": "Northland Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Northland Capital Management 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/146452"
    },
    {
      "q": "What changed in Northland Capital Management's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $196,284,350 to $234,953,770 (+20%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 147912550.0,
      "total_employees": 6,
      "filing_date": "2021-09-19"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 151883044.0,
      "total_employees": 6,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 155398970.0,
      "total_employees": 6,
      "filing_date": "2023-10-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 174133748.0,
      "total_employees": 6,
      "filing_date": "2024-03-21"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 196284350.0,
      "total_employees": 6,
      "filing_date": "2025-03-03"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 234953770.0,
      "total_employees": 6,
      "filing_date": "2026-07-16"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $196,284,350 to $234,953,770 (+20%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 16, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $100 an hour (ad hoc services such as limited investment advisory services and limited…)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $100 an hour (ad hoc services such as limited investment advisory services and limited…)"
        ],
        "quotes": [
          "For discretionary portfolio management clients, we also charge an hourly fee for extraordinary financial planning services. Our fee for these services is $100 per hour."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 100.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "ad hoc services such as limited investment advisory services and limited financial planning services"
        }
      ]
    },
    "quotes": [
      "For discretionary portfolio management clients, we also charge an hourly fee for extraordinary financial planning services. Our fee for these services is $100 per hour."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "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/northland-capital-management-virginia-mn-146452.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 196,
      "fewer_than_5": false,
      "raum": 99480910.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 85,
      "fewer_than_5": false,
      "raum": 133969910.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 1502950.0
    }
  ],
  "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/146452",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}