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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 100m 1b

STILLWATER INVESTMENT MANAGEMENT, LLC

CRD 132237

STILLWATER, MN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:b9a3b611-e45b-4bee-2f80-892dd08f46c9

Data as of Mar 6, 2023 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 3:37 AM UTC and rebuilt at most every 15 minutes.

Relationships: 8
Dated events: 3
On other graphs: 0
Observed: Nov 9, 2011 to Mar 6, 2023
20 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $535MItem 5.F on the latest filing (2023-03-06); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $535M
Private client RAUM: $499MderivedItem 5.D individuals plus high net worth individuals
Private client share: 93%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 4
Advisory employees: 2
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 890
Individual clients: 147
High net worth clients: 170
Custody, client assets: $73.6M
SEC number: 801-63353
CRD: 132237
Filings on the tape: 20
First filed: Nov 9, 2011
Latest filed: Mar 6, 2023
Organised: Limited Liability Company, Minnesota

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
BRATVOLD, ERIC, ANDREW	MANAGING MEMBER & CHIEF MARKETING OFFICER	A	yes	01/2017	Feb 15, 2017	Mar 6, 2023
ENDERLEIN, AMY, LYN	MANAGING MEMBER & CHIEF OPERATIONS OFFICER	B	yes	06/2004	Nov 9, 2011	Mar 6, 2023
TONREY, DANA, JOHNSON	CHIEF COMPLIANCE OFFICER	Na	yes	03/2005	Nov 9, 2011	Mar 6, 2023
TONREY, JAMES, KEHOE	MANAGING MEMBER & CHIEF INVESTMENT OFFICER	E	yes	06/2004	Nov 9, 2011	Mar 6, 2023

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2022	Mar 6, 2023	$535M	$535M	4	2	0	n/a	n/a
2021	Mar 9, 2022	$614M	$614M	5	2	0	n/a	n/a
2020	Feb 19, 2021	$517M	$517M	5	2	0	n/a	n/a
2019	Feb 24, 2020	$450M	$450M	5	2	0	n/a	n/a
2018	Mar 27, 2019	$385M	$385M	5	1	0	n/a	n/a
2017	Feb 22, 2018	$393M	$393M	5	1	0	n/a	n/a
2016	Feb 15, 2017	$323M	$323M	5	2	n/a	n/a	n/a
2015	Feb 11, 2016	$281M	$281M	4	1	n/a	n/a	n/a
2014	Jan 17, 2015	$267M	$267M	4	1	n/a	n/a	n/a
2013	Feb 27, 2014	$229M	$229M	4	1	n/a	n/a	n/a
2012	Mar 7, 2013	$190M	$190M	4	1	n/a	n/a	n/a
2011	Mar 6, 2012	$137M	$137M	n/a	n/a	n/a	n/a	n/a

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2022	$535M	$614M	-12.9%	$450M	6.0%	4	5	0	0

Teams out

two or more advisors whose registrations ended here and began at one firm together: a fact of two dates, not a prediction

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
DAKOTA WEALTH, LLC	2	Oct 9, 2023	Jun 1, 2023	STILLWATER, MN	Team lift out	RIA to RIA	100.0%

Relationships

Controls (4)

← TONREY, JAMES, KEHOEOwnerMANAGING MEMBER & CHIEF INVESTMENT OFFICER, ownership code E, individual
Nov 9, 2011 to presentfactForm ADV
← BRATVOLD, ERIC, ANDREWOwnerMANAGING MEMBER & CHIEF MARKETING OFFICER, ownership code A, individual
Feb 15, 2017 to presentfactForm ADV
← ENDERLEIN, AMY, LYNOwnerMANAGING MEMBER & CHIEF OPERATIONS OFFICER, ownership code B, individual
Nov 9, 2011 to presentfactForm ADV
← TONREY, DANA, JOHNSONOwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Nov 9, 2011 to presentfactForm ADV

Registered with (3)

← JAMES KEHOE TONREYAdvisorregistration: previous registration
Jan 22, 2014 to Oct 9, 2023factForm ADV
← ERIC ANDREW BRATVOLDAdvisorregistration: previous registration
Nov 14, 2019 to Oct 9, 2023factForm ADV
← Matthew SteigerAdvisorregistration: previous registration
Apr 19, 2017 to Nov 15, 2017factForm ADV

Moved with (1)

→ DAKOTA WEALTH, LLCRegistered adviser2 advisors, team lift out, same day
Oct 9, 2023 to Jun 1, 2023factForm ADV

Dated events

Occurred
Oct 9, 2023
Team lift-out
2 advisors left Stillwater Investment Management, LLC (Stillwater, MN) for Dakota Wealth, LLC on the same day
Form ADVobserved 4 days ago
2 advisors
Occurred
Oct 9, 2023
Advisor changed firm
Eric Andrew Bratvold left Stillwater Investment Management, Llc for Dakota Wealth, Llc (registered 2023-06-01)
Form ADVobserved 5 days ago
Occurred
Oct 9, 2023
Advisor changed firm
James Kehoe Tonrey left Stillwater Investment Management, Llc for Dakota Wealth, Llc (registered 2023-06-01)
Form ADVobserved 5 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:b9a3b611-e45b-4bee-2f80-892dd08f46c9
First observed: Nov 9, 2011
Last observed: Mar 6, 2023 43 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

STILLWATER INVESTMENT MANAGEMENT, LLC

CRD 132237

STILLWATER, MN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:b9a3b611-e45b-4bee-2f80-892dd08f46c9

Data as of Mar 6, 2023 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 3:37 AM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

BRATVOLD, ERIC, ANDREW

MANAGING MEMBER & CHIEF MARKETING OFFICER

yes

01/2017

Feb 15, 2017

Mar 6, 2023

ENDERLEIN, AMY, LYN

MANAGING MEMBER & CHIEF OPERATIONS OFFICER

yes

06/2004

Nov 9, 2011

Mar 6, 2023

TONREY, DANA, JOHNSON

CHIEF COMPLIANCE OFFICER

yes

03/2005

Nov 9, 2011

Mar 6, 2023

TONREY, JAMES, KEHOE

MANAGING MEMBER & CHIEF INVESTMENT OFFICER

yes

06/2004

Nov 9, 2011

Mar 6, 2023

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2022

Mar 6, 2023

$535M

n/a

2021

Mar 9, 2022

$614M

n/a

2020

Feb 19, 2021

$517M

n/a

2019

Feb 24, 2020

$450M

n/a

2018

Mar 27, 2019

$385M

n/a

2017

Feb 22, 2018

$393M

n/a

2016

Feb 15, 2017

$323M

n/a

2015

Feb 11, 2016

$281M

n/a

2014

Jan 17, 2015

$267M

n/a

2013

Feb 27, 2014

$229M

n/a

2012

Mar 7, 2013

$190M

n/a

2011

Mar 6, 2012

$137M

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2022

$535M

$614M

-12.9%

$450M

6.0%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

DAKOTA WEALTH, LLC

Oct 9, 2023

Jun 1, 2023

STILLWATER, MN

Team lift out

RIA to RIA

100.0%