Bitterroot Capital Advisors LLC (Bozeman)

Name: Bitterroot Capital Advisors LLC
Address: 118 East Main Street, Bozeman, MT, 59715
Telephone: 406-556-8200

Bitterroot Capital Advisors LLC is a large advisory firm based in Bozeman. It manages $996.01 million of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Missouri, Montana, and Texas.

Bitterroot Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and cash flow analysis and estate planning. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bitterroot Capital Advisors: assets under management

The assets under management (AUM) of Bitterroot Capital Advisors LLC is $996.01 million. The firm's AUM has grown by 148% since the beginning of its operation, and $948.98 million of the total AUM is attributable to clients outside of the United States.

The firm manages $118.73 million in discretionary accounts and $877.28 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $10.79 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $219.32 million.

Investments

The firm invests in other assets the most. They account for 38% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bitterroot Capital Advisors LLC for their services and products based on a percentage of assets under management and fixed 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 Bitterroot Capital Advisors serves?

The only and largest group of clients of Bitterroot Capital Advisors is high net worth individuals with 15 clients and $996.01 million of assets under management. Among the 9 most similar advisory firms, Bitterroot Capital Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $996.01 million for 15 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 67% of the firm’s clients are foreign persons or businesses.

Bitterroot Capital Advisors doesn't advise any private funds.

Careers at Bitterroot Capital Advisors LLC

The company employs 8 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Stewart Martzloff	Managing member	1 Jan 1999	75% - 100%	4381100
Andrew S Martzloff	Managing director	1 Jan 1999	50% - 75%	4381100
Christine Lynn Howie	Compliance officer	1 Mar 2004	Other	2028243
Luis E Torres	Member	1 Jan 2005	25% - 50%	5101328
Luis Eduardo Torres	Member	1 Jan 2005	25% - 50%	5101328
Luis E Torres	Managing director of research	1 Dec 2005	25% - 50%	5101328
Eric William Flynn	Member	1 Jan 2009	Other	5640707
Eric W. Flynn	Member	1 Jan 2009	Other	5640707
William Joseph Powers	Chief compliance officer	1 Jan 2011	Other	4381158
William J. Powers	Chief compliance officer	1 Jan 2011	Other	4381158

Based in Bozeman

The principal office where Bitterroot Capital Advisors LLC performs its advisory services is located at 118 East Main Street, Bozeman, MT 59715, 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 406-556-8200 or by fax 406-556-8203. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at bitterrootcapital.com/.