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NEPSIS, INC.
CRD 141203File 801-67023
APPROVED
Retail clients
Disclosure events
Filing as of Feb 4, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$344.5M
Below cohort median (national)
Discretionary AUM
$344.5M
Clients
590
1,267 accounts
Employees
37
Below cohort median in MN
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Jul 17, 2006
- Principal office
- TWO MERIDIAN CROSSINGS, SUITE 400, MINNEAPOLIS, MN, 55423
- Phone
- 952-746-2003
- Website
- https://nepsis.com
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $344.5M
- Discretionary AUM
- $344.5M
- Non-discretionary AUM
- $0
- Discretionary accounts
- 1,267
- Non-discretionary accounts
- 0
- Total accounts
- 1,267
- AUM per client
- $584K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| High net worth individuals | 96 | $222.5M |
| Pension and profit sharing plans | Fewer than 5 | $1.3M |
| Individuals (other than high net worth individuals) | 494 | $120.7M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Other
- Fixed fees
- Hourly charges
- Other (described) — FEES FOR RESEARCH SERVICES
- Subscription fees
- A percentage of assets under your management
Advisory activities
- Other
- Financial planning services
- Portfolio management for businesses
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11- Q11
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Feb 1, 2026 | Employees | 43 | 37 | decreased by6 |
| Feb 1, 2026 | Clients | 860 | 590 | decreased by270 |
| Feb 1, 2026 | AUM | $497,803,635 | $344,509,038 | decreased by$153,294,597 |
| Feb 1, 2026 | Accounts | 2,018 | 1,267 | decreased by751 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 18 | 43 | increased by25 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 767 | 860 | increased by93 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $350,380,122 | $497,803,635 | increased by$147,423,513 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 1,739 | 2,018 | increased by279 |
| Apr 1, 2022 | Clients | 729 | 767 | increased by38 |
| Apr 1, 2022 | AUM | $370,002,629 | $350,380,122 | decreased by$19,622,507 |
| Apr 1, 2022 | Accounts | 1,690 | 1,739 | increased by49 |
| 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 “NEPSIS” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“NEPSIS” 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.