Wealth manager, independent · Grand Rapids, MI
NPF Investment Advisors
Norris Perne & French LLP · SEC-registered investment adviser · CRD 104683 · SEC 801-3475
At a glance
NPF Investment Advisors is an SEC-registered investment adviser based in Grand Rapids, Michigan, with $2.7B in regulatory assets under management as of its Form ADV filed March 27, 2026. It reports 938 individual clients, 537 of them high-net-worth, holding an average of about $2.5 million each, and 18 employees. That ranks it 412th among the nation’s 5,657 independent wealth management RIAs and 13th of 178 in Michigan. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 616-459-3421norrisperne.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.7B
- Rank among independent wealth managers
- #412 of 5,657
- Rank among all SEC RIAs
- #3,029 of 17,210
- Rank in Michigan
- #13 of 178
- Individual clients
- 938
- High-net-worth clients
- 537
- Accounts
- 3,233
- Discretionary
- 100% of AUM
- Employees
- 18
- Advisory staff
- 13
- Offices
- 1
Owners and executives on its Form ADV
- Kurt M. ArvidsonLimited Partner
- Charles L. DutcherLimited Partner
- Daniel J. LupoLimited Partner
- David S. HodgeChief Compliance Officer/limited Partner
- Tyler J. BosgraafLimited Partner
Custody and brokerage
Broker-dealer
No broker-dealer ties
NPF Investment Advisors reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 537 | $2.2B | 82% |
| Individuals | 401 | $155M | 6% |
| Corporations or other businesses | 21 | $143M | 5% |
| Charitable organizations | 28 | $136M | 5% |
| Pension and profit sharing plans | 6 | $38M | 1% |
Disciplinary disclosures
NPF Investment Advisors reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗norrisperne.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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- 5 namedLocked
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Similar-size RIAs in Michigan
All of Michigan →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Innovia Wealth, LLCGrand Rapids | $3.3B | 727 |
| Retirement Income Solutions, Inc.ANN Arbor | $3.0B | 1,265 |
| Regal Investment Advisors LLCKentwood | $2.9B | 8,220 |
| Sigma Investment CounselorsNorthville | $2.2B | 775 |
| Diversified Portfolios, Inc.Bloomfield Hills | $1.9B | 660 |
| Blue Chip Partners, LLCFarmington Hills | $1.9B | 1,001 |
Background
Questions
How much does NPF Investment Advisors manage?
NPF Investment Advisors reports $2.7B in regulatory assets under management across 3,233 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 27, 2026.
How many clients does NPF Investment Advisors have?
It reports 938 individual clients: 537 high-net-worth individuals and 401 other individuals. Individuals account for about 88% of its regulatory assets.
Where is NPF Investment Advisors headquartered?
Its main office is in Grand Rapids, Michigan. It reports 1 office in total and 18 employees, 13 of whom perform investment advisory functions.
How does NPF Investment Advisors charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does NPF Investment Advisors use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed March 27, 2026, it reports these amounts held: Fidelity ($2.2B); Charles Schwab ($393M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is NPF Investment Advisors a hybrid RIA with a broker-dealer?
NPF Investment Advisors reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is NPF Investment Advisors a fiduciary?
As an SEC-registered investment adviser, NPF Investment Advisors owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is NPF Investment Advisors’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-27), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →