Sightline Partners LLC

CRD#162629
Investment Advisor Firm

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Overview

Sightline Partners LLC operates as a financial advisory company located in Minneapolis, Minnesota. The firm oversees $219.3 million in assets under management over seven accounts, placing it in the mid-tier of investment advisory firms in the United States by assets under management (AUM). The company has a small group of seven employees, of which five are financial advisors. Sightline Partners LLC does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal investments like bonds, options and stocks.

Sightline Partners LLC oversees all of the firm's accounts in a discretionary manner. Discretionary management signifies that buy and sell decisions for the client's account are made by a portfolio manager without needing the customer's authorization. The company supervises about $31.3 million for each account. The typical advisor at Sightline Partners LLC oversees about one client account, placing it among the most personalized firms in the country.

The company's main office is at 8500 Normandale Lake Boulevard, Minneapolis, Minnesota 55437. Sightline Partners LLC is legally registered to provide services to investors in the state of Minnesota.

Number of Advisors

5

Disclosures

No

Office Location

8500 Normandale Lake Boulevard
Minneapolis, MN 55437

Sightline Partners LLC by the Numbers

Total Number of Employees

7

National Average: 4,943
Total Number of Accounts

7

National Average: 2,522
Average Account Size

$31.3 million

National Average: $1.3 million

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Fee Structure

Fees charged by financial advisors typically are based on which service is provided. However, fees charged by the firm most likely consist of the following fee structures: asset-based or performance-based. The company does not provide a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 37% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company caters to pooled investment vehicles. Out of its seven accounts, Sightline Partners LLC's biggest client type by number of accounts is pooled investment vehicles. None of its accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Sightline Partners LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA