{"url":"https://nivawealth.com/firms/north-shore-private-asset-management-130132","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/130132","regulatoryAum":572561013,"crd":"130132","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1692570","suffix":null,"lastName":"GREGG","firstName":"WILLIAM","middleName":"NEWTON"},{"crd":"4441591","suffix":null,"lastName":"MELSHEIMER","firstName":"DAVID","middleName":"H"},{"crd":"726113","suffix":null,"lastName":"SARAN","firstName":"MARK","middleName":"FRANCIS"},{"crd":"6155443","suffix":null,"lastName":"Saran","firstName":"Mark","middleName":"Francis"}],"total":4,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-04-01","regulatoryAum":329110651,"clients":163,"employees":4,"offices":1},{"filedOn":"2022-03-30","regulatoryAum":305123247,"clients":164,"employees":4,"offices":1},{"filedOn":"2023-03-31","regulatoryAum":349472894,"clients":174,"employees":4,"offices":1},{"filedOn":"2024-03-30","regulatoryAum":394746933,"clients":239,"employees":5,"offices":1},{"filedOn":"2025-03-29","regulatoryAum":474527989,"clients":202,"employees":4,"offices":1},{"filedOn":"2026-03-30","regulatoryAum":572561013,"clients":218,"employees":4,"offices":1}],"secFileNumber":"801-92175","legalName":"North Shore Private Asset Management, LLC","displayName":"North Shore Private Asset Management","slug":"north-shore-private-asset-management-130132","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/north-shore-private-asset-management","founded":null,"organization":"Illinois limited liability company","fiscalYearEnd":"December","headquarters":{"street":"222 E. Wisconsin Ave, Suite 102","city":"Lake Forest","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60045"},"tradeNames":[],"registration":{"secApproved":"17 April 2015","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1655099.5576923077,"staff":{"employees":4,"advisory":4,"brokerDealerReps":1,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":572561013,"discretionary":571342225,"discretionaryAccounts":445,"nonDiscretionary":1218788,"nonDiscretionaryAccounts":4,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":80,"regulatoryAum":50803414},{"label":"High-net-worth individuals","clients":128,"regulatoryAum":293457294},{"label":"State or municipal government entities","clients":8,"regulatoryAum":178918308},{"label":"Corporations and other businesses","clients":1,"fewerThan5":true,"regulatoryAum":33429655},{"label":"Other","clients":1,"fewerThan5":true,"regulatoryAum":15952342}],"feePrograms":[{"role":"other","program":"Advanced financial plan","summary":"The Advanced Plan is typically negotiated and is charged at $200 per hour, though the adviser may negotiate client fees.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034195","versionId":1034195,"submittedOn":"2026-03-30","documentName":"ADV PART 2A"},{"role":"other","program":"Basic financial plan","summary":"The Basic Plan, one financial plan per client or family per year, is charged an annual fee of $750 per year, negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034195","versionId":1034195,"submittedOn":"2026-03-30","documentName":"ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T08:58:15.075708+00:00","documents":[{"name":"ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034195","versionId":1034195,"submittedOn":"2026-03-30"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Chicago, IL","smaAssets":350845264},{"name":"Raymond James Financial Services, Inc.","shortName":"Raymond James","location":"St. Petersburg, FL","smaAssets":205763407},{"name":"Fifth Third Bank","shortName":"Fifth Third Bank","location":"Cincinnati, OH","smaAssets":15952342}],"custodyNote":"North Shore Private Asset Management does not have custody of client assets.","leadership":[{"name":"David Melsheimer","title":"President and Chief Investment Officer and Chief Compliance Officer","crd":"4441591"}],"ownership":[{"label":"David Melsheimer","detail":"President and chief investment officer and chief compliance officer in the 75% or more ownership band and a control person, since January 2004."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"222 E. Wisconsin Ave, Suite 102","city":"Lake Forest","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"888-375-4918","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":27},{"label":"U.S. government/agency bonds","percent":8},{"label":"U.S. state and local bonds","percent":13},{"label":"Investment grade corporate bonds","percent":14},{"label":"Non-investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":36},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/130132/PDF/130132.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034195","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does North Shore Private Asset Management have?","answer":"North Shore Private Asset Management has 218 clients and manages $573 million for them, as of March 2026. They include 128 high-net-worth individuals, 80 individual clients and 8 state or municipal government entities.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does North Shore Private Asset Management offer?","answer":"North Shore Private Asset Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does North Shore Private Asset Management use?","answer":"North Shore Private Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Chicago, IL), with $351M, Raymond James Financial Services, Inc. (St. Petersburg, FL), with $206M and Fifth Third Bank (Cincinnati, OH), with $16M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does North Shore Private Asset Management have?","answer":"North Shore Private Asset Management has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 1 employee is a licensed insurance agent.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does North Shore Private Asset Management invest in?","answer":"At the end of its last fiscal year, North Shore Private Asset Management’s separately managed accounts held 36% registered funds (mutual funds, ETFs, BDCs), 27% exchange-traded equities, 14% investment grade corporate bonds, 13% state and local bonds, 8% U.S. government and agency bonds, 1% high-yield corporate bonds and 1% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns North Shore Private Asset Management?","answer":"North Shore Private Asset Management’s direct owner is David Melsheimer (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does North Shore Private Asset Management get paid?","answer":"North Shore Private Asset Management is paid through a percentage of assets under management, hourly charges 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is North Shore Private Asset Management registered with the SEC?","answer":"Yes, North Shore Private Asset Management has been registered with the SEC as an investment adviser since 17 April 2015. Its CRD number is 130132 and its SEC file number is 801-92175.","source":"Form ADV Part 1A, Item 1, filed 30 March 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact North Shore Private Asset Management?","answer":"North Shore Private Asset Management’s main office is at 222 E. Wisconsin Ave, Suite 102, Lake Forest, IL 60045. Its phone number is 888-375-4918.","source":"Form ADV Part 1A, Item 1.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}