Sandpointe Asset Management, LLC (Palm Beach)

Name: Sandpointe Asset Management, LLC
Address: 350 Royal Palm Way, Palm Beach, FL, 33480
Telephone: 15615011100

Sandpointe Asset Management, LLC is an investment adviser to an investment company based in Palm Beach. It manages $40.54 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Florida.

Sandpointe Asset Management provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sandpointe Asset Management: assets under management

The assets under management (AUM) of Sandpointe Asset Management, LLC is $40.54 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $40.54 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $40.54 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sandpointe Asset Management, LLC for their services and products based on a percentage of assets under management and performance-based 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 Sandpointe Asset Management serves?

The only and largest group of clients of Sandpointe Asset Management is investment companies with 1 clients and $40.54 million of assets under management. Among the 3 most similar advisory firms, Sandpointe Asset Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $40.54 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Sandpointe Asset Management doesn't advise any private funds.

Careers at Sandpointe Asset Management, LLC

The company employs 11 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. No 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.

The Linden West Trust joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Victor (Nmn) Bubnow	Chief operating officer/chief financial officer/member	1 Oct 2013	Other	6394404
Dennis Ray Hammond	Chief executive officer/managing member	1 Oct 2013	50% - 75%	716022
Shelia Caldwell Hammond	Member	1 Oct 2013	50% - 75%	2182251
Robert A. Garvy Revocable Trust	Member	1 Jan 2015	Other	xxx-xx-xxxx
Bruce Harvey Grant	Member	1 Jun 2015	Other	6748140
Llc Ram Pointe	Member	1 Jul 2015	Other	47-4277892
Matthew Bret Millman	Chief compliance officer/general counsel	1 Feb 2016	Other	6675786
The Linden West Trust	Member	1 Jun 2016	Other	46-6837738

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert B. (Mi Only) Goergen	Trustee	1 Sep 1991	Other	6102662
Robert Andrew Garvy	Trustee	1 Jun 1994	Other	218478
Robert B. Goergen Living Trust	Member	1 Dec 1994	25% - 50%	xxx-xx-xxxx
Dennis Steven Hersch	Trustee	1 Sep 2013	Other	5070801
Llc Ropart Investments	Member	1 Jul 2015	50% - 75%	06-1415668

Based in Palm Beach

The principal office where Sandpointe Asset Management, LLC performs its advisory services is located at 350 Royal Palm Way, Palm Beach, FL 33480, 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 15615011100 or by fax 561-655-9157. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at sandpointe.com.