{ "crd_number": 106805, "slug": "northwest-financial-services-inc-indianapolis-in-106805", "primary_business_name": "NORTHWEST FINANCIAL SERVICES INC", "legal_name": "NORTHWEST FINANCIAL SERVICES INC", "dbas": [], "city": "Indianapolis", "state": "IN", "country": "United States", "cbsa_code": "26900", "metro": { "cbsa_code": "26900", "common_name": "Indianapolis", "msa_name": "Indianapolis-Carmel-Greenwood, IN", "path": "/advisors/in/indianapolis" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1992-12-29", "years_registered": 33, "period": "2026-10-01", "filing_date": "2026-03-18", "carried_forward": false, "raum_total": 634899243.0, "raum_discretionary": 634899243.0, "raum_non_discretionary": 0.0, "raum_band": "500m_1b", "raum_band_label": "$500 million to $1 billion", "total_employees": 11, "advisory_employees": 9, "client_count_bucket": null, "clients_by_type": { "individuals": { "raum": 100808961.0, "count": 208 }, "high_net_worth_individuals": { "raum": 534090282.0, "count": 169 } }, "compensation_types": [ "fixed", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "AZ", "CA", "CO", "FL", "IN", "MI", "OH", "TN", "TX" ], "websites": [ "https://northwestfinancial.net" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106805", "city_as_filed": "INDIANAPOLIS", "url": "https://advisorcensus.com/firm/northwest-financial-services-inc-indianapolis-in-106805", "display_name": "Northwest Financial Services Inc", "summary": "Northwest Financial Services Inc is an SEC-registered investment advisory firm in Indianapolis, IN, registered since 1992, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 18, 2026.", "citation": "AdvisorCensus. Northwest Financial Services Inc (CRD 106805): 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)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses" ], "quick_answers": [ { "q": "How is Northwest Financial Services Inc compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Northwest Financial Services Inc reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Northwest Financial Services Inc located?", "a": "Northwest Financial Services Inc's principal office is in Indianapolis, IN, according to its Form ADV." }, { "q": "Is Northwest Financial Services Inc registered with the SEC or a state?", "a": "Northwest Financial Services Inc is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 106805." }, { "q": "How much does Northwest Financial Services Inc manage?", "a": "Northwest Financial Services Inc reports $634,899,243 in regulatory assets under management in its Form ADV filing dated March 18, 2026 (100% discretionary)." }, { "q": "How have Northwest Financial Services Inc's assets and staff changed since 2021?", "a": "In the Form ADV data for Northwest Financial Services Inc: Regulatory assets under management: $389,358,529 in the October 2021 data and $634,899,243 in the October 2026 data, up 63%. Total employees: 13 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 Northwest Financial Services Inc serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (208); high net worth individuals (169)." }, { "q": "Which custodians does Northwest Financial Services Inc use?", "a": "Northwest Financial Services 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 Northwest Financial Services 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/106805" }, { "q": "What changed in Northwest Financial Services Inc's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 8 to 9. Regulatory assets under management went from $551,414,090 to $634,899,243 (+15%). Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 389358529.0, "total_employees": 13, "filing_date": "2021-02-16" }, { "period": "2022-10-01", "regulatory_assets_under_management": 449659059.0, "total_employees": 12, "filing_date": "2022-03-14" }, { "period": "2023-10-01", "regulatory_assets_under_management": 414469502.0, "total_employees": 10, "filing_date": "2023-09-13" }, { "period": "2024-10-01", "regulatory_assets_under_management": 486821348.0, "total_employees": 9, "filing_date": "2024-03-25" }, { "period": "2025-10-01", "regulatory_assets_under_management": 551414090.0, "total_employees": 10, "filing_date": "2025-02-25" }, { "period": "2026-10-01", "regulatory_assets_under_management": 634899243.0, "total_employees": 11, "filing_date": "2026-03-18" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 8 to 9.", "Regulatory assets under management went from $551,414,090 to $634,899,243 (+15%).", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-01-01", "period_label": "January 2026", "notes": [ "No longer registered or notice-filed in KY." ] } ], "fees_from_brochure": null, "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/northwest-financial-services-inc-indianapolis-in-106805.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 208, "fewer_than_5": false, "raum": 100808961.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 169, "fewer_than_5": false, "raum": 534090282.0 } ], "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/106805", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }