Norton Capital Management, Inc. (Norfolk)

Name: Norton Capital Management, Inc.
Address: 440 Monticello Avenue, Norfolk, VA, 23510 2670
Telephone: (757) 623-1200

Norton Capital Management, Inc. is a large advisory firm based in Norfolk. It manages $112.22 million of regulatory assets for 292 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, North Carolina, Pennsylvania, Texas, and Virginia.

Norton Capital Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Norton Capital Management: assets under management

The assets under management (AUM) of Norton Capital Management, Inc. is $112.22 million. The firm's AUM has grown by 198% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $99.39 million in discretionary accounts and $12.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $394.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $320.87 thousand.

Norton Capital Management has custody of $1.11 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 68% of the total AUM. The second-largest asset type is government bonds, which make up 11% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Norton Capital Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Norton Capital Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Norton Capital Management is individuals with 264 clients and $53.49 million of assets under management. Among the 11 most similar advisory firms, Norton Capital Management has the 5th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $106.46 million for 289 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Norton Capital Management doesn't advise any private funds.

Careers at Norton Capital Management, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kimberly Mulheren Norton	Shareholder	1 May 1993	50% - 75%	4387539
Raymond John Norton	President, director, secretary/treasurer and chief compliance officer	1 May 1993	50% - 75%	824776

Based in Norfolk

The principal office where Norton Capital Management, Inc. performs its advisory services is located at 440 Monticello Avenue, Norfolk, VA 23510 2670, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (757) 623-1200 or by fax (757) 623-1100. The normal business hours are 9:00-4:30 m-th and 9:00-4:00 friday on Monday - Friday. You can find more information about the New York firm at nortoncapital.com.