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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

WHITE PINE CAPITAL LLC

CRD 108417

BLOOMINGTON, 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:cdacfb1c-d9f2-dc74-c517-8c6b755aef13

Data as of Mar 31, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 12:53 AM UTC and rebuilt at most every 15 minutes.

Relationships: 8
Dated events: 2
On other graphs: 1
Observed: Mar 30, 2012 to Mar 31, 2026
30 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Family Officesidentity

White Pine Capital LLC

Family office · shared crd

Facts

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

Firm class: independent wealth managerderivedprivate_client_share=0.78 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $431MItem 5.F on the latest filing (2026-03-31); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $431M
Private client RAUM: $335MderivedItem 5.D individuals plus high net worth individuals
Private client share: 78%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 3
RAUM per advisor: $144Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 7
Advisory employees: 4
Offices: 1Schedule D 1.F, beyond the principal office
Accounts: 353
Individual clients: 9
High net worth clients: 70
Private funds: 1Schedule D 7.B(1)
Custody, client assets: $136M
Relying advisers: 1
SEC number: 801-57154
CIK: 1137429
CRD: 108417
Filings on the tape: 30
First filed: Mar 30, 2012
Latest filed: Mar 31, 2026
Organised: Limited Liability Company, DE
Website: whitepinecapital.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
MICHAEL SCOTT WALLACE	Chartered Financial Analyst	BLOOMINGTON, MN	20	30	n/a	no
TIMOTHY FRANCIS MADEY	n/a	BLOOMINGTON, MN	13	32	1	no
CHARLES SANGER BELLOWS	n/a	BLOOMINGTON, MN	12	23	1	no

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
ITASCA CAPITAL PARTNERS LLC	Hedge Fund	$7.8M	Oct 21, 2024	15	Apr 2, 2012	reported	021-175620

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
HARDY, BARBARA, JEAN	CHIEF COMPLIANCE OFFICER	B	yes	03/2008	Mar 30, 2012	Oct 21, 2024
MADEY, TIMOTHY, FRANCIS	MANAGING MEMBER	C	yes	12/2022	Apr 1, 2022	Oct 21, 2024
WALLACE, MICHAEL, SCOTT	MANAGING MEMBER	C	yes	01/2016	Mar 30, 2012	Oct 21, 2024

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
Philomont	Va	United States	1	no

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
2025	Mar 31, 2026	$431M	$431M	7	4	1	1	n/a
2024	Mar 31, 2025	$364M	$364M	6	3	1	1	n/a
2023	Mar 29, 2024	$325M	$325M	6	3	1	1	$7.8M
2022	Mar 31, 2023	$325M	$325M	6	3	1	1	$7.7M
2021	Apr 1, 2022	$404M	$404M	7	4	1	1	$12.7M
2020	Apr 1, 2021	$349M	$349M	7	4	1	1	$10.1M
2019	Mar 30, 2020	$321M	$321M	8	4	1	1	$8.1M
2018	Mar 29, 2019	$313M	$313M	9	4	1	1	$7.7M
2017	Mar 30, 2018	$336M	$336M	10	5	1	1	$7.7M
2016	Mar 31, 2017	$303M	$303M	9	6	n/a	n/a	n/a
2015	Mar 30, 2016	$286M	$286M	9	5	n/a	n/a	n/a
2014	Mar 27, 2015	$357M	$357M	9	5	n/a	n/a	n/a
2013	Mar 28, 2014	$342M	$342M	10	5	n/a	n/a	n/a
2012	Mar 21, 2013	$331M	$331M	11	6	n/a	n/a	n/a
2011	Mar 30, 2012	$340M	$340M	n/a	n/a	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	0

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
2025	$431M	$364M	18.4%	$325M	9.9%	7	6	1	1

Relationships

Advises (1)

→ ITASCA CAPITAL PARTNERS LLCPrivate fundHedge Fund, IA
Apr 2, 2012 to presentfactForm ADV

Registered with (3)

← CHARLES SANGER BELLOWSAdvisorregistration: previous registration
May 8, 2006 to Dec 31, 2010factForm ADV
← TIMOTHY FRANCIS MADEYAdvisorregistration: current employment
Jun 6, 2013 to presentfactForm ADV
← MICHAEL SCOTT WALLACEAdvisorregistration: current employment
May 8, 2006 to presentfactForm ADV

Controls (3)

← HARDY, BARBARA, JEANOwnerCHIEF COMPLIANCE OFFICER, ownership code B, individual
Mar 30, 2012 to Oct 21, 2024factForm ADV
← MADEY, TIMOTHY, FRANCISOwnerMANAGING MEMBER, ownership code C, individual
Apr 1, 2022 to Oct 21, 2024factForm ADV
← WALLACE, MICHAEL, SCOTTOwnerMANAGING MEMBER, ownership code C, individual
Mar 30, 2012 to Oct 21, 2024factForm ADV

Dated events

Occurred
Mar 31, 2023
Control person left
Lee Dennis Senneseth (Managing Member) no longer on Schedule A of White Pine Capital Llc (listed 2022-06-01, absent 2023-03-31)
Form ADVobserved 5 days ago
Occurred
Dec 23, 2020
Control person left
Smith Paula Gilmore (Chief Operating Officer) no longer on Schedule A of White Pine Capital Llc (listed 2020-12-23, absent 2020-12-23)
Form ADVobserved 5 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:cdacfb1c-d9f2-dc74-c517-8c6b755aef13
First observed: Mar 30, 2012
Last observed: Mar 31, 2026 5 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.

WHITE PINE CAPITAL LLC

CRD 108417

BLOOMINGTON, 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:cdacfb1c-d9f2-dc74-c517-8c6b755aef13

Data as of Mar 31, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 12:53 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

MICHAEL SCOTT WALLACE

Chartered Financial Analyst

BLOOMINGTON, MN

n/a

TIMOTHY FRANCIS MADEY

n/a

BLOOMINGTON, MN

CHARLES SANGER BELLOWS

n/a

BLOOMINGTON, MN

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

ITASCA CAPITAL PARTNERS LLC

Hedge Fund

$7.8M

Oct 21, 2024

Apr 2, 2012

reported

021-175620

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

HARDY, BARBARA, JEAN

CHIEF COMPLIANCE OFFICER

yes

03/2008

Mar 30, 2012

Oct 21, 2024

MADEY, TIMOTHY, FRANCIS

MANAGING MEMBER

yes

12/2022

Apr 1, 2022

Oct 21, 2024

WALLACE, MICHAEL, SCOTT

MANAGING MEMBER

yes

01/2016

Mar 30, 2012

Oct 21, 2024

City

State

Country

Employees

Also broker-dealer

Philomont

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 31, 2026

$431M

n/a

2024

Mar 31, 2025

$364M

n/a

2023

Mar 29, 2024

$325M

$7.8M

2022

Mar 31, 2023

$325M

$7.7M

2021

Apr 1, 2022

$404M

$12.7M

2020

Apr 1, 2021

$349M

$10.1M

2019

Mar 30, 2020

$321M

$8.1M

2018

Mar 29, 2019

$313M

$7.7M

2017

Mar 30, 2018

$336M

$7.7M

2016

Mar 31, 2017

$303M

n/a

2015

Mar 30, 2016

$286M

n/a

2014

Mar 27, 2015

$357M

n/a

2013

Mar 28, 2014

$342M

n/a

2012

Mar 21, 2013

$331M

n/a

2011

Mar 30, 2012

$340M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$431M

$364M

18.4%

$325M

9.9%