Yellowstone Partners LLC (Idaho Falls)
Yellowstone Partners LLC is a large advisory firm based in Idaho Falls. It manages $230 million of regulatory assets for 1,001 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, California, Colorado, and 14 other states.
Yellowstone Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
Yellowstone Partners: assets under management
The assets under management (AUM) of Yellowstone Partners LLC is $230 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 126% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 24% of the firm’s portfolio. Investments in state and local bonds form 19% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Yellowstone Partners LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Yellowstone Partners serves?
The firm provides services to individuals and high net worth individuals. The largest group of clients of Yellowstone Partners is high net worth individuals with 80 clients and $170 million of assets under management. Among the 5 most similar advisory firms, Yellowstone Partners has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $230 million for 530 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Yellowstone Partners doesn't advise any private funds.
Careers at Yellowstone Partners LLC
The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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.
Richard Kent Baird has served as the Chief Investment Officer since 1 Aug 2010. Doyle Beck joined the executive team most recently as the Chairman, Ceo.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 1 indirect owner.Based in Idaho Falls
The principal office where Yellowstone Partners LLC performs its advisory services is located at 3340 Merlin Drive, Idaho Falls, ID 83404, which is also the mailing address of the firm. An additional office of the firm is in Helena, MT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 208-612-1000 or by fax 208-612-1031. The normal business hours are 7:30-4:30 on Monday - Friday. You can find more information about the New York firm at yellowstonepartners.com.
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