Sawtooth Solutions, LLC (Minneapolis)


Sawtooth Solutions, LLC is a large advisory firm based in Minneapolis. It manages $6.1 billion of regulatory assets for 51,589 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Sawtooth Solutions provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and back office support other advisory firms, software tools, ria directed models, reporting only services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sawtooth Solutions: assets under management

The assets under management (AUM) of Sawtooth Solutions, LLC is $6.1 billion. The firm's AUM has grown by 1321% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $6.1 billion in discretionary accounts and $89.89 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $118.35 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.84 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 49% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sawtooth Solutions, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Paul Mathew Prentice serves?

The firm provides services to individuals, other investment advisers, and high net worth individuals. The largest group of clients of Paul Mathew Prentice is other investment advisers with 28,936 clients and $6.1 billion of assets under management. Among the 10 most similar advisory firms, Sawtooth Solutions has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $6.1 billion for 28,957 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.

Sawtooth Solutions doesn't advise any private funds.

Careers at Sawtooth Solutions, LLC

The company employs 30 people that are either part- or full-time employees. 17 percent of the employees work as investment advisers or researchers. 4 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.

Paul Mathew Prentice has been acting as President since 1 Jan 2015. Jeffrey Allen Schuh joined the executive team most recently as the Chief Compliance Officer/Chief Financial Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Bradley Earl Pries Chief executive officer & chief compliance officer 1 Jan 2015 Other 2075526
Inc. Sawtooth Asset Management Member of sawtooth solutions llc 1 Jan 2015 75% - 100% 99-9999999
Paul Mathew Prentice President 1 Jan 2015 Other 2318855
Cody Grant Foster Board of managers 1 Feb 2016 Other 4237075
Robert James Stapleton Board of managers 1 Feb 2016 Other 2581113
Christian Myers Wagner Board of managers 1 Feb 2016 Other 2095048
Llc Ae Partners Investments Member of sawtooth solutions llc 1 Mar 2016 Other 81-1610381
Jeffrey Allen Schuh Chief compliance officer 1 Jul 2016 Other 1036839
Jeffrey Allen Schuh Chief compliance officer/chief financial officer 1 Mar 2017 Other 1036839

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Bradley Earl Pries Shareholder in sawtooth asset management inc. 1 May 2009 50% - 75% 2075526

Based in Minneapolis

The principal office where Sawtooth Solutions, LLC performs its advisory services is located at 3600 American Boulevard West, Minneapolis, MN 55431, 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 952-831-0039 or by fax 952-831-0279. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at sawtootham.com.