Stillwater Investment Management, LLC (Stillwater)

Name: Stillwater Investment Management, LLC
Address: 423 South Main Street, Stillwater, MN, 55082
Telephone: 651-275-9380

Stillwater Investment Management, LLC is a large advisory firm based in Stillwater. It manages $384.6 million of regulatory assets for 807 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Florida, Illinois, and 7 other states.

Stillwater Investment 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.

Stillwater Investment Management: assets under management

The assets under management (AUM) of Stillwater Investment Management, LLC is $384.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1141% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $384.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $476.58 thousand each.

Stillwater Investment Management has custody of $58.36 million in cash and securities for 77 clients 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 13% 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 Stillwater Investment Management, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Stillwater Investment Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Stillwater Investment Management is high net worth individuals with 134 clients and $287.49 million of assets under management. Among the 9 most similar advisory firms, Stillwater Investment Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $377.35 million for 301 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.

Stillwater Investment Management doesn't advise any private funds.

Careers at Stillwater Investment Management, LLC

The company employs 5 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Amy Lyn Enderlein	Managing member & chief operations officer	1 Jun 2004	Other	4825363
James Kehoe Tonrey	Managing member & chief investment officer	1 Jun 2004	75% - 100%	1023061
Roger William Redmond	Chief investment officer & chief compliance officer	1 Jun 2004	Other	1264401
Inc. Interposition	Owner	1 Jun 2004	50% - 75%	02-0724424
Dana Johnson Tonrey	Chief compliance officer	1 Mar 2005	Other	4937295
Dana J Tonrey	Chief compliance officer	1 Mar 2005	Other	4937295
Eric Andrew Bratvold	Managing member & chief marketing officer	1 Jan 2017	Other	2989333

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Jennifer Billman Redmond	Owner	1 Jun 2004	75% - 100%	4826781

Based in Stillwater

The principal office where Stillwater Investment Management, LLC performs its advisory services is located at 423 South Main Street, Stillwater, MN 55082, 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 651-275-9380 or by fax 651-275-9381. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at stillwaterinvest.com.