AdvisorCensus / Financial advisors / Arizona / Phoenix / Northrim Adviser, LLC
Northrim Adviser, LLC is an SEC-registered investment advisory firm in Mesa, AZ, registered since 2023, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 4, 2026.
Quick answers
From the filingHow is Northrim Adviser, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Northrim Adviser, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.
Where is Northrim Adviser, LLC located?
Northrim Adviser, LLC's principal office is in Mesa, AZ, according to its Form ADV.
Is Northrim Adviser, LLC registered with the SEC or a state?
Northrim Adviser, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 306796.
How much does Northrim Adviser, LLC manage?
Northrim Adviser, LLC reports $555,985,915 in regulatory assets under management in its Form ADV filing dated March 4, 2026 (100% discretionary).
How have Northrim Adviser, LLC's assets and staff changed since 2021?
In the Form ADV data for Northrim Adviser, LLC: Regulatory assets under management: $195,000,000 in the October 2023 data and $555,985,915 in the October 2026 data, up 185%. Total employees: 3 in October 2023 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Northrim Adviser, LLC serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).
Does Northrim Adviser, LLC 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/306796
What changed in Northrim Adviser, LLC's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 7 to 12.
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
- Performance-based fees
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 4, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$555,985,915 as of October 2026, filing dated March 4, 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- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2023 (3 years)
- Employees
- Total: 12. Performing investment advisory functions: 12.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
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 | $555,985,915 | 12 | March 4, 2026 |
| October 2025 | $521,915,633 | 7 | March 12, 2025 |
| October 2024 | $261,000,000 | 6 | March 18, 2024 |
| October 2023 | $195,000,000 | 3 | March 6, 2023 |
| October 2022 | Not reported | Not reported | February 11, 2022 |
| October 2021 | Not reported | Not reported | February 10, 2021 |
Regulatory assets under management: $195,000,000 in the October 2023 data and $555,985,915 in the October 2026 data, up 185%.
Total employees: 3 in October 2023 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- April 2026
- Employees performing advisory functions went from 7 to 12.
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.ISource: 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. Northrim Adviser, LLC (CRD 306796): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/northrim-adviser-llc-mesa-az-306796