Next Century Growth Investors LLC (Minneapolis)

Next Century Growth Investors LLC is a large advisory firm based in Minneapolis. It manages $767.53 million of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Delaware, Michigan, Minnesota, and New York.

Next Century Growth Investors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Next Century Growth Investors: assets under management

The assets under management (AUM) of Next Century Growth Investors LLC is $767.53 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 49% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $767.53 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $42.64 million each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Next Century Growth Investors LLC for their services and products based on a percentage of assets under management. 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 Thomas Michael Zoeller serves?

The firm provides services to investment companies and high net worth individuals. The largest group of clients of Thomas Michael Zoeller is investment companies with 1 clients and $45.4 million of assets under management. Among the 10 most similar advisory firms, Next Century Growth Investors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $65.62 million for 11 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.

Next Century Growth Investors doesn't advise any private funds.

Careers at Next Century Growth Investors LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. No 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.

Thomas Michael Zoeller has been acting as President since 1 Mar 1999. James Gardner Govan joined the executive team most recently as the Trustee.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Leigh Press	Director, chairman and chief executive officer	1 Dec 1998	50% - 75%	1358831
Donald Melvin Longlet	Director, president	1 Dec 1998	25% - 50%	2045083
Anne M Oswald	Treasurer and chief financial officer	1 Dec 1998	Other	3047867
Strong Capital Management Inc	Shareholder	1 Mar 1999	75% - 100%	106638
Thomas Michael Zoeller	Director	1 Mar 1999	Other	2003015
Llc Strong Holdings	Shareholder	1 Mar 1999	Other	39-1213042
Robert E Scott	Portfolio manager	1 Jan 2002	Other	2683198
Kelly Mcnulty	Chief compliance officer	1 Sep 2004	Other	2310239
John Wayne Widmer	Director	1 Jan 2005	Other	2966036
Peter Michael Capouch	Portfolio manager	1 Jan 2008	Other	5509835
Kaj Doerring	Portfolio manager	1 Jan 2009	Other	3167821
Llc Strong Holdings	Member	1 Jun 2010	Other	27-3388453
Robert E Scott	President and chief operating officer	1 Jan 2014	Other	2683198
Kelly Mcnulty	Chief compliance officer and chief financial officer	1 Jan 2016	Other	2310239

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Stuart Strong	Director, chairman and chief investment officer	1 Apr 1974	50% - 75%	1465578
Richard Stuart Strong	Shareholder	1 Dec 2001	50% - 75%	1465578
Strong Financial Corporation.	Shareholder	1 Dec 2001	75% - 100%	39-1213042
Strong Financial Corporation	Shareholder	1 Dec 2001	75% - 100%	39-1213042
Strong Financial Corporation	Shareholder	1 Jan 2002	75% - 100%	39-1213042
Inc Strong Capital Management	Member	1 Jun 2010	75% - 100%	39-1213042
Richard Stuart Strong	Member	1 Jun 2014	25% - 50%	1465578
Rss 1994 Trust	Member	1 Jun 2014	25% - 50%	39-6784470
Kenneth John Wessels	Elected manager	1 Jun 2014	Other	463729
Richard Trent Weiss	Elected manager	1 Jun 2014	Other	2192676
John Wayne Widmer	Elected manager	1 Jun 2014	Other	2966036
Matthew Donald Strong	Trustee	1 Jun 2014	Other	2153393
Kenneth C Hunt	Trustee	1 Jun 2014	Other	6048844
James Gardner Govan	Trustee	1 Dec 2017	Other	6628246

Based in Minneapolis

The principal office where Next Century Growth Investors LLC performs its advisory services is located at 5500 Wayzata Blvd, Minneapolis, MN 55416, 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 763-591-4490 or by fax 763-591-4499. The normal business hours are 8:00 a.m. - 5:00p.m. on Monday - Friday.