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NEXT CAPITAL MANAGEMENT LLC
CRD 110793File 801-56281
APPROVED
Retail clients
Custody
Filing as of Jan 31, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$2.14B
Top 25% of cohort (national)
Discretionary AUM
$1.61B
Non-discretionary $530.1M
Clients
320
2,332 accounts
Employees
23
Above cohort median in NY
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- NYRO
- Registration date
- Mar 24, 1999
- Principal office
- ELEVEN TIMES SQUARE, 15TH FLOOR, NEW YORK, NY, 10036
- Phone
- 212-433-1111
- Website
- HTTPS://www.next-vantage.com
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $2.14B
- Discretionary AUM
- $1.61B
- Non-discretionary AUM
- $530.1M
- Discretionary accounts
- 1,214
- Non-discretionary accounts
- 1,118
- Total accounts
- 2,332
- AUM per client
- $6.7M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 33 | $412.0M |
| Insurance companies | Fewer than 5 | $252K |
| Charitable organizations | 30 | $23.2M |
| High net worth individuals | 181 | $1.66B |
| Pension and profit sharing plans | Fewer than 5 | $2.6M |
| Individuals (other than high net worth individuals) | 76 | $40.9M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Hourly charges
- A percentage of assets under your management
Advisory activities
- Financial planning services
- Selection of other advisers
- Portfolio management for businesses
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Feb 1, 2026 | Employees | 20 | 23 | increased by3 |
| Feb 1, 2026 | Clients | 854 | 320 | decreased by534 |
| Feb 1, 2026 | AUM | $1,784,921,125 | $2,135,481,487 | increased by$350,560,362 |
| Feb 1, 2026 | Accounts | 1,945 | 2,332 | increased by387 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 15 | 20 | increased by5 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 193 | 854 | increased by661 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $1,291,387,559 | $1,784,921,125 | increased by$493,533,566 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 1,137 | 1,945 | increased by808 |
| Feb 1, 2022 | Clients | 141 | 193 | increased by52 |
| Feb 1, 2022 | AUM | $987,714,759 | $1,291,387,559 | increased by$303,672,800 |
| Feb 1, 2022 | Accounts | 879 | 1,137 | increased by258 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “NEXT CAPITAL” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“NEXT CAPITAL” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.