DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Norwest Capital Advisors, LLC
Latest filing Apr 30, 2026
First filing on the tape Jul 20, 2023 · 8 filings
SEC status approved since Aug 18, 2023
RAUM
$3.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
40
28 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
12
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$3.8B as of Apr 30, 2026
Mar 27, 2024$4.2B then
HNW client RAUM$0 as of Apr 30, 2026
Mar 27, 2024$0 then
State-registered IARs (5.B.3)0 as of Apr 30, 2026
Mar 27, 20240 then
Employees (5.A)40 as of Apr 30, 2026
Mar 27, 202446 then
Private funds12 as of Apr 30, 2026
Mar 27, 202412 then
RAUM +0.3% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Apr 30, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $320MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +0.3%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $3.0B, 12 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$3.8B100%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 12reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $3.0B for 12 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
12 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Norwest Equity Partners X, LP | Private Equity Fund | $1.3B | 74 | Oct 31, 2023 |
| Norwest Equity Partners Ix, LP | Private Equity Fund | $661M | 74 | Oct 31, 2023 |
| Norwest Equity Partners Xi-B, LP | Private Equity Fund | $500M | 2 | Oct 31, 2023 |
| Norwest Mezzanine Partners IV - Debt, LP | Private Equity Fund | $472M | 35 | Oct 31, 2023 |
| Norwest Mezzanine Partners IV - Equity, LP | Private Equity Fund | $407M | 35 | Oct 31, 2023 |
| Norwest Equity Partners Xi, LP | Private Equity Fund | $370M | 23 | Oct 31, 2023 |
| Norwest Mezzanine Partners V-B - Debt, LP | Private Equity Fund | $121M | 2 | Oct 31, 2023 |
| Norwest Equity Partners Xi-A, LP | Private Equity Fund | $115M | 20 | Oct 31, 2023 |
| Norwest Mezzanine Partners V-B - Equity, LP | Private Equity Fund | $109M | 2 | Oct 31, 2023 |
| Norwest Mezzanine Partners V, LP | Private Equity Fund | $88.4M | 16 | Oct 31, 2023 |
| Norwest Mezzanine Partners V-A, LP | Private Equity Fund | $56.4M | 15 | Oct 31, 2023 |
| Norwest Mezzanine Partners III, LP | Private Equity Fund | $27.8M | 38 | Oct 31, 2023 |
Owners and control persons
Schedule A and B, latest filing
- Michael Brian Allingham · Coocontrolsince 09/2022 · owns less than 5%
- Charles Timothy Devries · Ceocontrolsince 09/2022 · owns less than 5%
- Kenneth John Fiyod · Cfocontrolsince 09/2022 · owns less than 5%
- Paul Charles Moorse · Cco And General Counselcontrolsince 09/2022 · owns less than 5%
- Michael Brian Allingham · Managercontrolsince 09/2022 · owns F of Norwest Capital Gp LLC
- Eugene Anthony Armand · Managercontrolsince 09/2022 · owns F of Norwest Capital Gp LLC
- Charles Timothy Devries · Limited Partnercontrolsince 09/2022 · owns 75% or more of Norwest Capital Group LP
- Charles Timothy Devries · Member / Managercontrolsince 09/2022 · owns 75% or more of Norwest Capital Gp LLC
Entity owners
- Norwest Capital Group LP · Memberdirect · owns 75% or more
- Norwest Capital Gp LLC · General Partnerindirect · owns F of Norwest Capital Group LP
Related persons
Schedule D 7.A
- Itasca Mezzanine Partners III, LLCbankpooled vehicle sponsory
- Itasca Mezzanine Partners IV, LLCbankpooled vehicle sponsory
- Itasca Mezzanine Partners V-B, LLCbankpooled vehicle sponsory
- Itasca Mezzanine Partners V, LPbankpooled vehicle sponsory
- Itasca Partners Ix, LLCbankpooled vehicle sponsory
- Itasca Partners X, LLCbankpooled vehicle sponsory
- Itasca Partners Xi-B, LLCbankpooled vehicle sponsory
- Itasca Partners Xi, LPbankpooled vehicle sponsory
Offices
Schedule D 1.F, the 25 largest
- West Palm Beach, FL10 employees
What changed
consecutive filings, newest first
- Advisory employees · 29 to 28Mar 31, 2026 to Apr 30, 2026
- Employees · 41 to 40Mar 31, 2026 to Apr 30, 2026
- Assets in custody · $2.8B to $3.0BMar 28, 2025 to Mar 31, 2026
- Employees · 40 to 41Mar 28, 2025 to Mar 31, 2026
- Discretionary RAUM · $3.8B to $3.8BMar 28, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $3.8B to $3.8BMar 28, 2025 to Mar 31, 2026
- RAUM · $3.8B to $3.8BMar 28, 2025 to Mar 31, 2026
- Advisory employees · 32 to 29May 17, 2024 to Mar 28, 2025
- Assets in custody · $3.1B to $2.8BMay 17, 2024 to Mar 28, 2025
- Employees · 46 to 40May 17, 2024 to Mar 28, 2025
- Financial planning clients · unset to May 17, 2024 to Mar 28, 2025
- Discretionary RAUM · $4.2B to $3.8BMay 17, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $4.2B to $3.8BMay 17, 2024 to Mar 28, 2025
- RAUM · $4.2B to $3.8BMay 17, 2024 to Mar 28, 2025
- Advisory employees · 31 to 32Nov 2, 2023 to Mar 27, 2024
- Assets in custody · $3.1B to $3.1BNov 2, 2023 to Mar 27, 2024
- Employees · 44 to 46Nov 2, 2023 to Mar 27, 2024
- Discretionary RAUM · $4.5B to $4.2BNov 2, 2023 to Mar 27, 2024
- Pooled vehicle RAUM · $4.5B to $4.2BNov 2, 2023 to Mar 27, 2024
- RAUM · $4.5B to $4.2BNov 2, 2023 to Mar 27, 2024
- Accounts · 0 to 12Jul 20, 2023 to Oct 31, 2023
- Advisory employees · 3 to 31Jul 20, 2023 to Oct 31, 2023
- Pooled vehicle clients · 0 to 12Jul 20, 2023 to Oct 31, 2023
- Assets in custody · unset to 3073287412.0Jul 20, 2023 to Oct 31, 2023
- Custody of client assets · false to trueJul 20, 2023 to Oct 31, 2023
- Employees · 4 to 44Jul 20, 2023 to Oct 31, 2023
- Private funds · unset to 12Jul 20, 2023 to Oct 31, 2023
- Discretionary RAUM · $0 to $4.5BJul 20, 2023 to Oct 31, 2023
- Pooled vehicle RAUM · $0 to $4.5BJul 20, 2023 to Oct 31, 2023
- RAUM · $0 to $4.5BJul 20, 2023 to Oct 31, 2023
- Related bank · false to trueJul 20, 2023 to Oct 31, 2023
Signals
2 dated events
- (Nmn) Sundip Murthy (Manager) no longer on Schedule A of Norwest Capital Advisors, Llc (listed 2023-11-02, absent 2024-03-27)Mar 27, 2024 · Control person left · inference
- Norwest Capital Advisors, Llc filed its initial SEC registration (Form ADV)Jul 20, 2023 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Norwest Capital Advisors, LLC · Independent Sponsorsshared crd · capital_provider
- Norwest Capital Advisors, LLC · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/norwest-equity-partnersreportedpublic record, Form ADV, Sep 17, 2026
- Firm profile
- linkedin.com/company/norwest-mezzanine-partnersreportedpublic record, Form ADV, Sep 17, 2026
- Website
- nep.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (612) 215-1600reportedpublic record, Form ADV, Apr 30, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026