North Shore Private Asset Management, Llc
- Regulatory AUM
- $573M
- Discretionary
- $571M
- Clients
- 218
- Avg AUM / client
- $2.6M
- Accounts
- 449
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 80 | $50.8M | 8.87% |
| High net worth individuals | 128 | $293M | 51.3% |
| State or municipal government entities | 8 | $179M | 31.2% |
| Corporations and other businesses | 1 | $33.4M | 5.84% |
| Other | 1 | $16.0M | 2.79% |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| David H Melsheimer | President And Chief Investment Officer And Chief Compliance Officer | CFA | Jan 2004 (23y) | 75% or more |
| Mark Francis Saran | Registered representative | Apr 2015 (11y) | ||
| William Newton Gregg | Registered representative | Jul 2016 (10y) | ||
| Mark Francis Saran | Registered representative | Apr 2023 (3y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
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.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 908 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
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $351M (61% of AUM) Mar 2026
- Raymond James $206M (36% of AUM) Mar 2026
- Associated Bank $35.0M (7% of AUM) Mar 2025
- Fifth Third Bank $16.0M (3% of AUM) Mar 2026
- Bankers' Bank $14.8M (4% of AUM) Apr 2021
- The Chicago Trust Company $3.4M (1% of AUM) Apr 2021
- Merrill Lynch $25.3K (0% of AUM) Mar 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have 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: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗