44 North Capital provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, and publishing newsletters. Financial planning was provided to 101–250 clients last fiscal year.
44 North Capital reports 438 clients. They include 217 high-net-worth individuals, 208 individual clients, and 9 pension and profit-sharing plans. Of its assets, 100.0% ($125M across 438 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $125M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 47% | 20% |
| High-net-worth individuals | 50% | 77% |
| Pension and profit-sharing plans | 2% | <1% |
| Corporations and other businesses | <1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 208 | $25.6M | 20.4% | $123K |
| High-net-worth individuals | 217 | $96.4M | 77.1% | $444K |
| Pension and profit-sharing plans | 9 | $1.08M | 0.9% | $120K |
| Corporations and other businesses | Fewer than 5 | $2.06M | 1.6% | $515K |
| Total | 438 | $125M | 100% | — |
- Clients
- 208
- Regulatory AUM
- $25.6M
- AUM share
- 20.4%
- Avg. per client
- $123K
- Clients
- 217
- Regulatory AUM
- $96.4M
- AUM share
- 77.1%
- Avg. per client
- $444K
- Clients
- 9
- Regulatory AUM
- $1.08M
- AUM share
- 0.9%
- Avg. per client
- $120K
- Clients
- Fewer than 5
- Regulatory AUM
- $2.06M
- AUM share
- 1.6%
- Avg. per client
- $515K
Total
- Clients
- 438
- Regulatory AUM
- $125M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
44 North Capital charges up to 1.25% a year for its Investment Management Services. The fee is billed in advance. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Fee set in the advisory agreement, either fixed or based on assets under management; the brochure states no rate.
Jonathan Landry owns 75% or more of 44 North Capital. The leadership team of 44 North Capital includes Chief Compliance Officer Ashley Buchanan. It has 3 employees, 2 of them in advisory roles.
Leadership
- Ashley BuchananChief Compliance Officer
Jonathan LandryFounder/Managing Director
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 insurance agents
- Owns 75% or more of 44 North Capital, LLC
Jonathan Landry
Control person · since September 2023
44 North Capital’s regulatory assets grew from $104M (April 2024) to $125M (August 2026); clients rose from 87 to 438 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $125M | 438 | 3 | 2 |
| March 2025 | $114M | 402 | 3 | 1 |
| April 2024 | $104M | 87 | 3 | 1 |
Besides its headquarters, 44 North Capital has 1 office (1 private residence, listed without an address), with 1 listed address in Vermont.
Vermont · 1 listed address
- 431 Pine Street, Suite 114, BurlingtonHQ
Contact and registration details
- Legal name
- 44 North Capital, LLC
- Headquarters
- 431 Pine Street, Suite 114, Burlington, VT 05401
- Website
- 44ncap.com
- Phone
- 802-300-0614
- @44-north-capital
- SEC file
- 801-128572
- Structure
- Vermont LLC
- Fiscal year end
- December
44 North Capital uses Fidelity ($12.5M) as custodian for its separately managed accounts. 44 North Capital has custody of $16.4M in client assets for 45 clients.
- FidelityFidelity Brokerage Services LLC · Boston, MA · $12.5M100%
At year end, 44 North Capital’s separately managed accounts were mostly in funds (75%) and stocks (12%).
What the accounts hold
- Stocks12%
- Funds75%
- Bonds11%
- Cash2%
How many clients does 44 North Capital have?
44 North Capital has 438 clients and manages $125 million for them, as of August 2026. They include 217 high-net-worth individuals, 208 individual clients, and 9 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 August 2026
What services does 44 North Capital offer?
44 North Capital provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does 44 North Capital charge?
44 North Capital charges up to 1.25% a year for its Investment Management Services. The fee is billed in advance.
Which custodians does 44 North Capital use?
44 North Capital’s separately managed account assets are held at Fidelity Brokerage Services LLC (Boston, MA), with $12.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 August 2026
How many financial advisors does 44 North Capital have?
44 North Capital has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does 44 North Capital invest in?
At the end of its last fiscal year, 44 North Capital’s separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 12% exchange-traded equities, 11% state and local bonds and 2% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns 44 North Capital?
44 North Capital’s direct owner is Jonathan Landry (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 August 2026
How does 44 North Capital get paid?
44 North Capital is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact 44 North Capital?
44 North Capital’s main office is at 431 Pine Street, Suite 114, Burlington, VT 05401. Its phone number is 802-300-0614. Its website is 44ncap.com.