Northern Capital Retirement Services, Inc. (Spokane)

Name: Northern Capital Retirement Services, Inc.
Address: 2700 S Southeast Boulevard, Spokane, WA, 99223
Telephone: 509-456-2526

Northern Capital Retirement Services, Inc. is a large advisory firm based in Spokane. It manages $163.33 million of regulatory assets for 26 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Idaho and Washington.

Northern Capital Retirement Services provides financial planning services, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Northern Capital Retirement Services: assets under management

The assets under management (AUM) of Northern Capital Retirement Services, Inc. is $163.33 million. The firm's AUM has grown by 1392% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $149.98 million in discretionary accounts and $13.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.25 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.68 million.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Northern Capital Retirement Services, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Karl Wilson serves?

The only and largest group of clients of James Karl Wilson is pension and profit sharing plans with 26 clients and $163.33 million of assets under management. Among the 5 most similar advisory firms, Northern Capital Retirement Services has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $163.33 million for 26 clients. None of the firm’s clients are foreign persons or businesses.

Northern Capital Retirement Services doesn't advise any private funds.

Careers at Northern Capital Retirement Services, Inc.

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

James Karl Wilson has been acting as President since 1 Jan 2012. Lisa Marie Burke joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Karl Wilson	President/ceo	1 Jan 2012	75% - 100%	1771833
Michelle Lynn Warner	Chief operations officer	1 Jan 2012	Other	3042903
Lisa Marie Burke	Chief compliance officer	1 Mar 2018	Other	2020766

Based in Spokane

The principal office where Northern Capital Retirement Services, Inc. performs its advisory services is located at 2700 S Southeast Boulevard, Spokane, WA 99223, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 509-456-2526 or by fax 509-456-2550. The normal business hours are 8 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at capitalwelcome.com.