Sightline Partners LLC (Bloomington)

Name: Sightline Partners LLC
Address: 8500 Normandale Lake Boulevard, Bloomington, MN, 55437
Telephone: 952-641-0300

Sightline Partners LLC is a large advisory firm based in Bloomington. It manages $219.3 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Minnesota.

Sightline Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sightline Partners: assets under management

The assets under management (AUM) of Sightline Partners LLC is $219.3 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $219.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $31.33 million each.

Sightline Partners has custody of $185.83 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sightline Partners LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sightline Partners serves?

The only and largest group of clients of Sightline Partners is pooled investment vehicles with 7 clients and $219.3 million of assets under management. Among the 9 most similar advisory firms, Sightline Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $219.3 million for 7 clients. None of the firm’s clients are foreign persons or businesses.

Sightline Partners also advises several private funds. Namely, seven private equity funds. The minimum investment commitment required of non-related persons ranges from $20,000 to $20,000,000.

Careers at Sightline Partners LLC

The company employs 7 people that are either part- or full-time employees. 71 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
Lloyd Kenneth Benson	Managing director	1 Oct 2004	25% - 50%	1579159
Maureen Ellen Harder	Managing director/cfo	1 Oct 2004	Other	2271806
Joseph Richard Biller	Managing director	1 Jan 2013	25% - 50%	6315142
Scott Raymond Ward	Managing director	1 Jun 2013	25% - 50%	6315135
Jennifer Jill Melville	Chief compliance officer, vice president, controller	1 Mar 2014	Other	4286337
Peter Andrew Birkeland	Chief compliance officer and controller	1 Jun 2015	Other	6504233

Based in Bloomington

The principal office where Sightline Partners LLC performs its advisory services is located at 8500 Normandale Lake Boulevard, Bloomington, MN 55437, 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 952-641-0300 or by fax NONE. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at sightlinepartners.com.