Next Capital Management Llc
- Regulatory AUM
- $2.1B
- Discretionary
- $1.6B
- Clients
- 320
- Avg AUM / client
- $6.7M
- Accounts
- 2,332
- Employees
- 23
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Jan 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 76 | $40.9M | 1.92% |
| High net worth individuals | 181 | $1.7B | 77.6% |
| Pension and profit sharing plans | Fewer than 5 clients | $2.6M | 0.12% |
| Charitable organizations | 30 | $23.2M | 1.09% |
| Insurance companies | Fewer than 5 clients | $252K | 0.01% |
| Corporations and other businesses | 33 | $412M | 19.3% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Orthomidwest, Pllc 401(k) Retirement Plan Orthomidwest, Pllc | 2024 |
People (11)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Andrew Craig Hart | Chief Compliance Officer And Chief Executive Officer | Sep 2019 (7y) | ≈ 18.75% – 50% via Next Capital Holdings, Llc | |
| Ryan William Davis | Chief Investment Officer And President | CFA | Nov 2019 (7y) | Less than 5% |
| Sanford, Catherine, Anne | Chief Operating Officer | Nov 2019 (7y) | Less than 5% | |
| Christopher Joseph Ofsthun | Registered representative | Feb 2021 (5y) | ||
| Daniel Isaac Magier | Registered representative | CFP | Jun 2021 (5y) | |
| Ross Levin | Registered representative | Jul 2021 (5y) | ||
| Theodore Baskin Smith | Registered representative | Mar 2022 (4y) | ||
| Frazer Clark Rice | Registered representative | Dec 2022 (4y) | ||
| Christopher Lee Fineburg | Registered representative | CFA | Oct 2023 (3y) | |
| Teresa Denise Armel | Registered representative | Jan 2024 (3y) | ||
| Danielle Emily Udland | Registered representative | Apr 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Next Capital Holdings, Llc | Owner | Jan 2022 | A | 75% or more |
| Ach Minority Interest Inc. | Owner | Jan 2022 | A | Less than 5% |
| The Ach Family Trust | Member | Jan 2022 | B | ≈ 18.75% – 50% via Next Capital Holdings, Llc |
| Christiana Bank & Trust | Trustee | Dec 2012 | B | GP / trustee / elected manager of The Ach Family Trust (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Andrew Craig Hart: 25% – 50% of Next Capital Holdings, Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
- The Ach Family Trust: 25% – 50% of Next Capital Holdings, Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Orthomidwest, Pllc 401(k) Retirement Plan | Orthomidwest, Pllc | 1,773 | $190M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 01/31/2026 | 1010 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Charles Schwab & Co. $1.4B (65% of AUM) Jan 2026
- Pershing $98.5M (8% of AUM) Dec 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jan 31, 2026.
View current Form ADV (SEC/IAPD) ↗