Sandstone Asset Management Inc. (Calgary)


Sandstone Asset Management Inc. is an adviser based in Calgary. It manages $290 million of regulatory assets for 158 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Colorado, New York, and Texas.

Sandstone Asset Management provides 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 educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sandstone Asset Management: assets under management

The assets under management (AUM) of Sandstone Asset Management Inc. is $290 million. The firm's AUM has grown by 56% since the beginning of its operation, and $289.8 million of the total AUM is attributable to clients outside of the United States.

The firm manages $284 million in discretionary accounts and $6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.97 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $428.57 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in investment grade corporate bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sandstone Asset Management Inc. for their services and products based on a percentage of assets under management. 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 Brent Donald Pickerl serves?

The firm provides services to charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Brent Donald Pickerl is high net worth individuals with 140 clients and $244 million of assets under management. Among the 9 most similar advisory firms, Sandstone Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $290 million for 158 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 99% of the firm’s clients are foreign persons or businesses.

Sandstone Asset Management doesn't advise any private funds.

Careers at Sandstone Asset Management Inc.

The company employs 9 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 3 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.

Brent Donald Pickerl has been acting as President since 1 Aug 2013. Niomi Niki Dunne joined the executive team most recently as the Investment Associate / Portfolio Management.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Sharon Elizabeth Watkins Ceo, chief compliance officer 1 Jun 2004 50% - 75% 2574689
Brent Donald Pickerl Managing partner, director 1 Jun 2004 25% - 50% 5749651
Cameron Ross Webster Managing partner, research 1 Aug 2004 Other 5749655
Karen Leigh O'connor Chief financial officer 1 May 2005 Other 5749672
Cheryl Sung Operational and financial associate 1 Sep 2007 Other 6661775
Ken Frank Papp Chief compliance officer 1 Aug 2008 Other 5749636
Niomi Niki Dunne Investment associate / portfolio management 1 Apr 2013 Other 6661763
Brent Donald Pickerl President 1 Aug 2013 Other 5749651

Based in Calgary

The principal office where Sandstone Asset Management Inc. performs its advisory services is located at 115 101,6 Th Street Sw, Calgary, T2 P 5 K7, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 403-218-6125 or by fax 403-263-2270. The normal business hours are 7:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at sandstoneam.com/.