White Pine Capital LLC
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Overview
White Pine Capital LLC is a financial advisor firm headquartered in Minneapolis, Minnesota. It controls $324.6 million in assets under management over 347 accounts, placing it in the mid-tier of investment advisory firms in the nation by assets under management (AUM). The firm has a small group, including 3 financial advisors. White Pine Capital LLC does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable financial investments like equities, options and bonds.
White Pine Capital LLC administers more than half of its client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor makes buy and sell decisions for the client's account without requiring the customer's approval. The firm also manages one non-discretionary accounts with a total of $24,309 in assets. The company's typical account size is $935,308. An average advisor at White Pine Capital LLC administers about 116 client accounts.
The company's main office is located at 8421 Wayzata Blvd, Minneapolis, Minnesota 55426. It is allowed to serve customers across a few states, including California, Colorado, Florida, Minnesota, New Hampshire, Texas, Virginia and Wisconsin.
Assets Under Management
Number of Advisors
Disclosures
Office Location
White Pine Capital LLC by the Numbers
$324.6 million
6
347
$935.3 thousand
Fee Structure
Financial management fees usually are based on which service is provided. However, fees billed by White Pine Capital LLC likely consist of some blend of the following fee structures: asset-based or fixed. The company participates in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 32% of firms
Fixed
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with retail investors, high net worth investors, pension plans and other. Out of its 347 accounts, White Pine Capital LLC's biggest client type by number of accounts is high net worth investors, although it also manages money for 58 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 70.73%
- Other Individuals - 15.85%
- Corporations - 13.41%
- 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
White Pine Capital LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at White Pine Capital LLC
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
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