# Teresa Armel

> Teresa Armel is a fee-only financial advisor at Next Capital Management in New York, New York. Next Capital Management reports charging a percentage of assets, hourly fees and fixed fees on its Form ADV.

Page: https://find.wellspent.co/advisors/teresa-armel/
Built from SEC adviser records; last checked October 30, 2026.

## Facts

- **Firm:** Next Capital Management
- **Based in:** New York, New York
- **Fee model (firm's Form ADV):** Percentage of assets; Hourly; Fixed fees
- **Assets under management (firm):** $2.14B across 2,332 accounts
- **CRD:** 7229554 (https://adviserinfo.sec.gov/individual/summary/7229554)
- **SEC registration:** Investment adviser representative in AZ
- **Exams passed:** Series 65 (2020)
- **Firm size:** 23 employees
- **Disclosures:** None reported
- **Website:** http://www.nextcapitalmgmt.com

## Frequently asked questions

### Is Teresa Armel a fee-only financial advisor?

Yes, according to SEC records as of October 29, 2026: Teresa holds no broker registration, and Next Capital Management reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.

### How does Teresa charge for financial advice?

Teresa's firm, Next Capital Management, reports charging a percentage of assets, hourly fees and fixed fees on its SEC Form ADV.

### Where is Teresa Armel based?

Teresa Armel is based in New York, New York.

### Is Teresa Armel registered with the SEC?

Yes. Teresa Armel is registered as an investment adviser representative in AZ (CRD 7229554), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.

### How much does Next Capital Management manage?

Next Capital Management reports $2.14B across 2,332 accounts in assets under management.

### How do I contact Teresa Armel?

Through Teresa's website, www.nextcapitalmgmt.com.

## Sources

- SEC adviser records (https://adviserinfo.sec.gov/individual/summary/7229554): the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 29, 2026

---

Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.