White Pine Capital LLC

RIASEC RegisteredEst. 2000
Total AUM
$431M
Discretionary
$431M
100% of AUM
Avg account
$1.2M
Accounts
353
Employees
7
Advisory reps
4

Firm details

Headquarters
Bloomington, Minnesota
CRD number
108417
Registered since
January 14, 2000
Custodians
FIDELITY DISTRIBUTORS COMPANY LLC, CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM, Fixed Fees
Client types
  • HNWI76.33%
  • Other18.61%
  • Charitable Organizations2.78%
  • Individuals1.41%
  • Pension & Profit Sharing Plans0.87%
Services
Portfolio Management for IndividualsPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

White Pine Capital LLC is an owner-managed investment adviser organized as an LLC and registered with the SEC since 2000. The firm focuses on fee-based portfolio management for individuals, families and small businesses, and it also provides portfolio services to business or institutional clients. Its typical billing mixes asset-based fees with fixed fees. White Pine is not identified as an active ESG investor and does not present itself as a multi-state or pension consultant adviser. The firm acts in sponsor/GP roles and as a managing member of pooled investment vehicles, indicating it both advises external capital and operates its own private fund vehicle(s). It does not position itself as a capital allocator to separate managers; instead, its business centers on direct portfolio management across client households and business accounts.

Assets & Accounts

Public Holdings

Investments & Alternatives

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 77%, Other 7%, Cash & Cash Equivalents 5%, Investment Grade Corp Bonds 4%, US Government Bonds 3%, State & Local Bonds 2%, Non-Investment Grade Corp Bonds 2%77%
  • Exchange Traded Equities77%
  • Other7%
  • Cash & Cash Equivalents5%
  • Investment Grade Corp Bonds4%
  • US Government Bonds3%

Owners & executives

2 of 2
  • Michael Wallace

    Founding Partner and Chief Investment OfficerCRD 2374142

  • Barbara Hardy

    Barbara Hardy

    Chief Compliance OfficerCRD 1585188

Contacts

2 of 2
  • Timothy Madey

    Portfolio ManagerCRD 2362366

  • Charles Bellows

    Charles Bellows

    Senior Vice PresidentCRD 1265509

Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 57

Active vs passive

$94.6M in ETFs

Passive

96%

$90.7M

Active

4%

$3.9M

ETFProviderStyleCategoryValueShares% of portfolio
ISHARES CORE S&P 500 ETF (IVV)BlackRockPassiveLarge Blend$12M15,97712.65%

Location

Primary office

Bloomington, MN

Hennepin

Location

Bloomington, MN

Headquartered in Bloomington, MN, anchoring the Minneapolis-St. Paul, MN-WI metro in the Midwest.

Metro area
Minneapolis-St. Paul, MN-WI
Region
Midwest
County
Hennepin
Address
3800 American Blvd W
Time zone
CT (UTC-6)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth