{"url":"https://nivawealth.com/firms/northrim-adviser-306796","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/306796","regulatoryAum":555985915,"crd":"306796","history":[{"filedOn":"2023-03-06","regulatoryAum":195000000,"clients":2,"employees":3,"offices":1},{"filedOn":"2024-03-18","regulatoryAum":261000000,"clients":2,"employees":6,"offices":1},{"filedOn":"2025-03-12","regulatoryAum":521915633,"clients":3,"employees":7,"offices":1},{"filedOn":"2026-03-04","regulatoryAum":555985915,"clients":3,"employees":12,"offices":1}],"secFileNumber":"801-127586","legalName":"Northrim Adviser, LLC","displayName":"Northrim Adviser","slug":"northrim-adviser-306796","website":null,"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"2500 South Power Road, Suite 226","city":"Mesa","state":"AZ","stateName":"Arizona","country":"United States","postalCode":"85209"},"tradeNames":[],"registration":{"secApproved":"3 April 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":12,"advisory":12,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":555985915,"discretionary":555985915,"discretionaryAccounts":3,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":3,"regulatoryAum":555985915}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Northrim Adviser has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Bradley Gulbrandsen","title":"Managing Member, CCO","crd":"6076119"}],"ownership":[{"label":"Bradley Gulbrandsen","detail":"Managing member, cco in the 75% or more ownership band and a control person, since December 2019."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Arizona","offices":1,"addresses":[{"street":"2500 South Power Road, Suite 226","city":"Mesa","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"480-206-7683","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":3},"sources":{"adv1FilingDate":"4 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/306796/PDF/306796.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Northrim Adviser have?","answer":"Northrim Adviser has 3 clients and manages $556 million for them, as of March 2026. They include 3 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 4 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Northrim Adviser offer?","answer":"Northrim Adviser provides portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Northrim Adviser have?","answer":"Northrim Adviser has 0 investment adviser representatives registered with state securities authorities, out of 12 employees, and 12 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":"Who owns Northrim Adviser?","answer":"Northrim Adviser’s direct owner is Bradley Gulbrandsen (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 4 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Northrim Adviser get paid?","answer":"Northrim Adviser is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions 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 Northrim Adviser?","answer":"Northrim Adviser’s main office is at 2500 South Power Road, Suite 226, Mesa, AZ 85209. Its phone number is 480-206-7683.","source":"Form ADV Part 1A, Item 1.F, filed 4 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."}