Northern Capital Management LLC (Madison)

Name: Northern Capital Management LLC
Address: 8000 Excelsior Drive, Madison, WI, 53717 1951
Telephone: 608-831-8018

Northern Capital Management LLC is a large advisory firm based in Madison. It manages $544.2 million of regulatory assets for 302 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Illinois, Minnesota, and Wisconsin.

Northern Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Northern Capital Management: assets under management

The assets under management (AUM) of Northern Capital Management LLC is $544.2 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $544.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.8 million each.

Investments

The firm invests in non-exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 28% of the firm’s portfolio. Investments in exchange traded securities form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Northern Capital Management LLC 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 Daniel Murphy serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Daniel Murphy is high net worth individuals with 76 clients and $358.2 million of assets under management. Among the 13 most similar advisory firms, Northern Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $488.5 million for 163 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Northern Capital Management doesn't advise any private funds.

Careers at Northern Capital Management LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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.

Daniel Murphy has been acting as President since 1 Jun 2000. Norcap Murphy Llc joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
United Asset Management Corporation	80% shareholder of northern capital management llc	1 Jan 1986	75% - 100%	04-2714625
Old Mutual (Us) Holdings Inc.	80% shareholder of northern capital management llc	1 Jan 1986	75% - 100%	04-2714625
Norcap Associates Llc	20% shareholder of northern capital management llc	1 Jun 2000	Other	391989333
Stephen Lewis Hawk	Chairman of board/ceo	1 Jun 2000	Other	4344641
Daniel Murphy	President/chief investment officer	1 Jun 2000	Other	2653802
Brian Allen Hellmer	Sr. vice president/director of research	1 Jun 2000	Other	1843752
Paul Perry	Sr. vice president	1 Jun 2000	Other	2440454
Joan Jeanette Worden	Compliance officer	1 Jun 2000	Other	4344669
Old Mutual (Us) Holdings Inc.	100% shareholder of ncm, inc.	1 Jun 2000	75% - 100%	04-2714625
Inc. Ncm	80% shareholder of registrant & managing member	1 Jun 2000	75% - 100%	39-1541077
Old Mutual Plc	100% shareholder of united asset management	1 Sep 2000	75% - 100%	none
Old Mutual Life Assurance Co. (South Africa) Limited	8.71% shareholder of old mutual plc	1 Sep 2000	Other	none
Old Mutual Life Holdings (South Africa) Limited	100% shareholder of old mutual life assurance co. (south africa) limited	1 Sep 2000	75% - 100%	none
Old Mutual (South Africa) Ltd.	100% shareholder of old mutual life holdings (south africa) limited	1 Sep 2000	75% - 100%	none
Old Mutual (Netherlands) B.V.	100% shareholder of old mutual (south africa) ltd.	1 Sep 2000	75% - 100%	none
Om Group (Uk) Limited	100% shareholder of old mutual (netherlands) b.v.	1 Sep 2000	75% - 100%	none
Stephen Lewis Hawk	Managing partner	1 Jan 2003	Other	4344641
Daniel Thomas Murphy	Managing partner	1 Jan 2003	25% - 50%	2653802
Paul Andrew Perry	Chief compliance officer	1 Jan 2003	25% - 50%	2440454
Mdf Partners Llc	Shareholder of registrant	1 Jan 2003	75% - 100%	43-1983743
Ana Maria Murphy	Member	1 Jan 2003	Other	4629434
Daniel Murphy	President/chief investment officer	1 Jan 2003	25% - 50%	2653802
Brian Allen Hellmer	Sr. vice president/director of research	1 Jan 2003	Other	1843752
Paul Perry	Sr. vice president	1 Jan 2003	Other	2440454
Sarah Marie Lucas	Financial and compliance officer	1 Jan 2003	Other	4629387
Evan Lewis Weston	Sr. vice president	1 Jan 2003	Other	2701405
Sarah Marie Lucas	Chief compliance officer & financial officer	1 Aug 2004	Other	4629387
Norcap Murphy Llc	Managing member	1 Oct 2004	Other	39-2726728
Carolyn Renee Hapeman	Chief compliance officer & controller	1 Jul 2006	Other	5168631
Jill Kathryn Oplinger	Chief compliance officer	1 May 2007	Other	5168631
Norcap Murphy Llc	Managing member	1 Jan 2009	Other	39-2726728
Dtm Management Llc	Managing partner	1 Jan 2009	Other	39-2726728

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Old Mutual Plc	100% shareholder of old mutual (us) holdings	1 Jun 2000	75% - 100%	foreign
Daniel Thomas Murphy	Member	1 Jun 2000	25% - 50%	2653802
Daniel Thomas Murphy	Managing member	1 Oct 2004	75% - 100%	2653802

Based in Madison

The principal office where Northern Capital Management LLC performs its advisory services is located at 8000 Excelsior Drive, Madison, WI 53717 1951, 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 608-831-8018 or by fax 608-831-0200. The normal business hours are 7:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at norcap.com.