Firm profile

Next Capital Management LLC

NEW YORK, NYCRD 110793Registration Status: ApprovedEffective since March 24, 1999SEC # 801-56281Latest ADV January 31, 2026

Next Capital Management LLC is an SEC registered investment adviser organized as a limited liability company with a primary office location in New York, NY. Its latest Form ADV filing, dated January 31, 2026, reports $2.1B in regulatory assets under management, 23 employees, 6 offices, and 2,332 accounts.

Assets Under Management

$2.1B

Employees

Offices

6 offices

Total Clients

320

Associated firm names

2 names listed

NEXT CAPITAL
NEXT CAPITAL MANAGEMENT LLC

Leadership

4 roles identified

CEOAndrew C. Hart

CCOAndrew C. Hart

COOCatherine A. Sanford

Advisory services offered

4 types reported

Financial Planning Services

Portfolio management for businesses

Portfolio management for individuals and small businesses

Fee models offered

3 types reported

Asset based fees

Fixed fees

Hourly charges

Offices & Contact

Primary office

NEW YORK, New York, United States

Loading map…

Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

View locations

New York

NEW YORKPrimary office

1 office records listed · 6 total offices reported. 5 additional office addresses are undisclosed and are not mapped. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links

Phone212-433-1111 WebsiteVisit website LinkedInView profile

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$2.1Bas of January 31, 2026

Discretionary75.2%

$1.6B

75% of total RAUM75.2%

Non-discretionary24.8%

$530M

25% of total RAUM24.8%

Regulatory assets under management are split between discretionary and non-discretionary assets.

Client Coverage Demographics

Top client segmentHNWI represent 56.6% of total clients.

Top client categories% of clientsClients

HNWI

56.6%

181

Individuals

23.8%

Corporations

10.3%

Charitable

9.4%

Categories with <5 clients

Insurance companies<5 clients

Pension and profit sharing plans<5 clients

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$2.1B

Total Accounts2,332

10Y AUM Change+$1.4B (+180.0%)

Loading private fund disclosures…

Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees23

Clients per Employee14:1

10Y Employee Change+9 (+64.3%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%

NEXT CAPITAL HOLDINGS, LLCDirect owner · Schedule AInterest in NEXT CAPITAL MANAGEMENT LLC

75%+

ACH MINORITY INTEREST INC.Direct owner · Schedule AInterest in NEXT CAPITAL MANAGEMENT LLC

< 5%

ANDREW CRAIG HARTIndirect owner · Schedule BInterest in ACH MINORITY INTEREST INC.

75%+

THE ACH FAMILY TRUSTIndirect owner · Schedule BInterest in NEXT CAPITAL HOLDINGS, LLC

25% to < 50%

ANDREW CRAIG HARTIndirect owner · Schedule BInterest in NEXT CAPITAL HOLDINGS, LLC

25% to < 50%

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Next Capital Management LLC.

Reported ownership and control details

Form ADV · Filing date 2026-01-31 · Schedules A and B

9 entries

#	Owner / person & role	Interest in entity	Reported interest	Control person	Title / status acquired	Source
1	ANDREW CRAIG HARTCHIEF COMPLIANCE OFFICER AND CHIEF EXECUTIVE OFFICERIndividual	NEXT CAPITAL MANAGEMENT LLC	Less than 5%Code NA	Yes	CHIEF COMPLIANCE OFFICER AND CHIEF EXECUTIVE OFFICER01/2022	Schedule APDF page 22
2	RYAN WILLIAM DAVISCHIEF INVESTMENT OFFICER AND PRESIDENTIndividual	NEXT CAPITAL MANAGEMENT LLC	Less than 5%Code NA	Yes	CHIEF INVESTMENT OFFICER AND PRESIDENT11/2019	Schedule APDF page 22
3	CATHERINE ANNE SANFORDCHIEF OPERATING OFFICERIndividual	NEXT CAPITAL MANAGEMENT LLC	Less than 5%Code NA	Yes	CHIEF OPERATING OFFICER11/2019	Schedule APDF page 22
4	ACH MINORITY INTEREST INC.OWNERDomestic entity	NEXT CAPITAL MANAGEMENT LLC	Less than 5%Code NA	No	OWNER01/2022	Schedule APDF page 22
5	NEXT CAPITAL HOLDINGS, LLCOWNERDomestic entity	NEXT CAPITAL MANAGEMENT LLC	75% or moreCode E	Yes	OWNER01/2022	Schedule APDF page 22
6	CHRISTIANA BANK & TRUSTTRUSTEEDomestic entity	THE ACH FAMILY TRUST	Percentage not specifiedCode F	No	TRUSTEE12/2012	Schedule BPDF page 22
7	THE ACH FAMILY TRUSTMEMBERDomestic entity	NEXT CAPITAL HOLDINGS, LLC	25% to less than 50%Code C	Yes	MEMBER01/2022	Schedule BPDF page 22
8	ANDREW CRAIG HARTMANAGER AND BENEFICIAL OWNERIndividual	NEXT CAPITAL HOLDINGS, LLC	25% to less than 50%Code C	Yes	MANAGER AND BENEFICIAL OWNER01/2022	Schedule BPDF page 22
9	ANDREW CRAIG HARTSOLE OWNERIndividual	ACH MINORITY INTEREST INC.	75% or moreCode E	Yes	SOLE OWNER01/2022	Schedule BPDF page 22

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 1/31/2026 4:02:48 PM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo

AFelonies2 No

In the past ten years, have you or any advisory affiliate:

A1Been convicted of or pleaded guilty or no contest to a felony?No
A2Been charged with a felony?No

BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
B2Been charged with a misdemeanor of the kind listed above?No

CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

C1Found you or an advisory affiliate made a false statement or omission?No
C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No

DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No

ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

E1Found you or an advisory affiliate made a false statement or omission?No
E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No

FProfessional authorizations1 No

FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No

GPending regulatory proceedings1 No

GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No

HCivil judicial actions and proceedings4 No

(1) Court actions

Has a domestic or foreign court:

H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.