Northside Capital Management LLC (Hood River)


Northside Capital Management LLC is a large advisory firm based in Hood River. It manages $4.12 billion of regulatory assets for 358 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Idaho, Minnesota, and Oregon.

Northside Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Northside Capital Management: assets under management

The assets under management (AUM) of Northside Capital Management LLC is $4.12 billion. The firm's AUM has grown by 702% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.5 billion in discretionary accounts and $1.62 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.67 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $16.37 million.
Northside Capital Management has custody of $13.85 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 40% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Northside Capital Management LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Northside Capital Management serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Northside Capital Management is high net worth individuals with 27 clients and $4.12 billion of assets under management. Among the 9 most similar advisory firms, Northside Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.12 billion for 28 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

Northside Capital Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $50,000 for each fund.

Careers at Northside Capital Management LLC

The company employs 12 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jeffrey Charles Slocum Managing member 1 Jan 1996 50% - 75% 1742481
John Hugh Phillips Chief compliance officer 1 May 2004 Other 4266892
Donald James Dewolfe Managing member 1 Sep 2005 50% - 75% 1073925
Daniel Melkonian Managing member 1 Sep 2005 25% - 50% 1414511

Based in Hood River

The principal office where Northside Capital Management LLC performs its advisory services is located at 116 3 Rd Street, Suite 313, Hood River, OR 97031, which is also the mailing address of the firm. An additional office of the firm is in San Mateo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 541-387-2080 or by fax 503-296-2110. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at northside.com.

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