{"url":"https://nivawealth.com/firms/north-woods-asset-management-226575","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/226575","regulatoryAum":150393137,"crd":"226575","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6890192","suffix":null,"lastName":"Wadsworth","firstName":"Jeremy","middleName":"Tilton"},{"crd":"5621720","suffix":null,"lastName":"WADSWORTH","firstName":"WILLIAM","middleName":"BARRETT"}],"total":2,"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":"2021-03-17","regulatoryAum":35201679,"clients":169,"employees":3,"offices":1},{"filedOn":"2022-06-30","regulatoryAum":49178456,"clients":181,"employees":2,"offices":1},{"filedOn":"2023-07-10","regulatoryAum":53042849,"clients":156,"employees":2,"offices":1},{"filedOn":"2024-03-13","regulatoryAum":64838489,"clients":147,"employees":2,"offices":1},{"filedOn":"2025-07-02","regulatoryAum":74820707,"clients":147,"employees":2,"offices":1},{"filedOn":"2026-03-14","regulatoryAum":150393137,"clients":194,"employees":2,"offices":1}],"secFileNumber":"801-115081","legalName":"North Woods Asset Management LLC","displayName":"North Woods Asset Management","slug":"north-woods-asset-management-226575","website":"https://north-woods.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/north-woods-asset-management/","founded":null,"organization":"New York limited liability company","fiscalYearEnd":"December","headquarters":{"street":"977 Delaware Ave","city":"Buffalo","state":"NY","stateName":"New York","country":"United States","postalCode":"14209"},"tradeNames":["North Woods Wealth Management"],"registration":{"secApproved":"26 April 2019","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":765848.3350515463,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":1},"aum":{"regulatory":150393137,"discretionary":150393137,"discretionaryAccounts":679,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":149,"regulatoryAum":53439504},{"label":"High-net-worth individuals","clients":45,"regulatoryAum":95135073},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":265052},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":1553508}],"feePrograms":[{"role":"main","program":"Asset Management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019025","versionId":1019025,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-14","documentName":"NWWM FORM ADV PART 2A FIRM BROCHURE 2026","fee_rate_low":0.5,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":"annual","fee_minimum_annual":2500},{"role":"other","program":"Retirement Plan Consulting Services","summary":"Retirement plan consulting is generally 0.10% to 0.75% a year of plan assets; 401(k), 403(b) and profit sharing plans pay 0.25% on the first $5,000,000 and 0.10% above.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019025","versionId":1019025,"submittedOn":"2026-03-14","documentName":"NWWM FORM ADV PART 2A FIRM BROCHURE 2026"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:12:29.335937+00:00","documents":[{"name":"NWWM FORM ADV PART 2A FIRM BROCHURE 2026","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019025","versionId":1019025,"submittedOn":"2026-03-14"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":145207809}],"custodyNote":"North Woods Asset Management has custody of $36.8M in client assets for 86 clients.","otherCustodians":[],"leadership":[{"name":"Jeremy Wadsworth","title":"Managing Member/CCO","crd":"6890192"},{"name":"William Wadsworth","title":"Principal","crd":"1031086"},{"name":"William Wadsworth","title":"Principal","crd":"5621720"}],"ownership":[{"label":"William Wadsworth","detail":"Principal in the 25% to 50% ownership band and a control person, since August 2015. Also principal in the 10% to 25% ownership band and a control person, since August 2015."},{"label":"Jeremy Wadsworth","detail":"Managing member/cco in the 25% to 50% ownership band and a control person, since January 2018."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"977 Delaware Ave","city":"Buffalo","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"716-220-8497","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":66},{"label":"U.S. government/agency bonds","percent":15},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":17},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"14 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/226575/PDF/226575.pdf","brochureDate":"14 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1019025","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 Woods Asset Management have?","answer":"North Woods Asset Management has 194 clients and manages $150 million for them, as of March 2026. They include 149 individual clients and 45 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 14 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does North Woods Asset Management offer?","answer":"North Woods Asset Management provides financial planning, portfolio management for individuals and small businesses, and pension consulting.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does North Woods Asset Management charge?","answer":"North Woods Asset Management charges 0.50%–1.00% a year for its Asset Management. The fee is billed in arrears, is negotiable and has a $2,500 annual minimum.","source":"NWWM FORM ADV PART 2A FIRM BROCHURE 2026, filed 14 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does North Woods Asset Management use?","answer":"North Woods Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $145M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does North Woods Asset Management have?","answer":"North Woods Asset Management has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","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 Woods Asset Management invest in?","answer":"At the end of its last fiscal year, North Woods Asset Management’s separately managed accounts held 66% exchange-traded equities, 17% registered funds (mutual funds, ETFs, BDCs), 15% U.S. government and agency bonds, 1% state and local 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 Woods Asset Management?","answer":"North Woods Asset Management’s direct owners are William Wadsworth and Jeremy Wadsworth, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 14 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does North Woods Asset Management get paid?","answer":"North Woods Asset Management 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact North Woods Asset Management?","answer":"North Woods Asset Management’s main office is at 977 Delaware Ave, Buffalo, NY 14209. Its phone number is 716-220-8497. Its website is north-woods.com.","source":"Form ADV Part 1A, Item 1.F, filed 14 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."}