DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
White Pine Investment Co
Legal name White Pine Investment Company
Latest filing Mar 26, 2026
First filing on the tape Jan 19, 2012 · 17 filings
SEC status approved since Nov 21, 1997
RAUM
$532M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
97%
$518M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$177M
derived; firm RAUM over IAPD count
Employees
7
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$532M as of Mar 26, 2026
Jan 19, 2012$167M then
HNW client RAUM$448M as of Mar 26, 2026
Feb 13, 2018$219M then
State-registered IARs (5.B.3)3 as of Mar 26, 2026
Jan 19, 20120 then
Employees (5.A)7 as of Mar 26, 2026
Mar 7, 20132 then
Private funds: no history
RAUM +14% over the last fiscal year+15% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $177MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 109derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.2MderivedHNW RAUM over HNW clients
- Average account
- $478,239derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 2.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- -25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -4.4%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisers, publications, educational seminarsreportedItem 5.G
- Custody
- $160M, 247 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$448M84%
- Individuals$70.1M13%
- Charitable organizations$13.9M2.6%
- Individual clients
- 219reported
- HNW clients
- 107reported
- Pension plan clients
- 0reported
- Charitable clients
- 29reported
- Accounts
- 1,113reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $160M for 247 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| William Joel JohnsonCertified Financial Planner | Livonia, Mi | Apr 16, 2020 | 22 y | 2 |
| Anthony Joseph DigiovanniChartered Financial Analyst | Livonia, Mi | Apr 16, 2020 | 16 y | 1 |
| Stefanie Ann PorterCertified Financial Planner | Livonia, Mi | Apr 6, 2022 | 18 y | 2 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- David John Sculati to Sculati Wealth Management, LLCJan 30, 2012 · Other
Joined, latest
- Stefanie Ann Porter from Advice And Planning ServicesApr 6, 2022 · Affiliated broker-dealer or bank to independent RIA
- William Joel Johnson from Charles Schwab & Co., Inc.Apr 16, 2020 · Affiliated broker-dealer or bank to independent RIA
- Anthony Joseph Digiovanni from Exchange Capital Management IncApr 16, 2020 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Joseph Anthony Digiovanni · Managing Partner, Chief Investment Officercontrolsince 01/2024 · owns 50% to 75%
- Russell John King · Partnercontrolsince 01/2024 · owns 10% to 25%
- Ann Stefanie Porter · Partner, Chief Compliance Officercontrolsince 01/2024 · owns 10% to 25%
- Joel William Johnson · Partnersince 01/2024 · owns 10% to 25%
Related persons
Schedule D 7.A
- Stefanie Portery
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Livonia, Mi · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 1,178 to 1,113Mar 14, 2025 to Mar 26, 2026
- Advisory employees · 4 to 3Mar 14, 2025 to Mar 26, 2026
- Charity clients · 0 to 29Mar 14, 2025 to Mar 26, 2026
- HNW clients · 124 to 107Mar 14, 2025 to Mar 26, 2026
- Individual clients · 217 to 219Mar 14, 2025 to Mar 26, 2026
- State-registered IARs · 4 to 3Mar 14, 2025 to Mar 26, 2026
- Discretionary RAUM · $466M to $518MMar 14, 2025 to Mar 26, 2026
- HNW RAUM · $398M to $448MMar 14, 2025 to Mar 26, 2026
- Individual RAUM · $68.1M to $70.1MMar 14, 2025 to Mar 26, 2026
- Non-discretionary RAUM · $0 to $13.9MMar 14, 2025 to Mar 26, 2026
- RAUM · $466M to $532MMar 14, 2025 to Mar 26, 2026
- Accounts · 1,070 to 1,178May 2, 2024 to Mar 14, 2025
- HNW clients · 114 to 124May 2, 2024 to Mar 14, 2025
- Individual clients · 212 to 217May 2, 2024 to Mar 14, 2025
- Assets in custody · $63.2M to $160MMay 2, 2024 to Mar 14, 2025
- Employees · 6 to 7May 2, 2024 to Mar 14, 2025
- Financial planning clients · 251-500 to 251-500May 2, 2024 to Mar 14, 2025
- Discretionary RAUM · $405M to $466MMay 2, 2024 to Mar 14, 2025
- HNW RAUM · $345M to $398MMay 2, 2024 to Mar 14, 2025
- Individual RAUM · $59.9M to $68.1MMay 2, 2024 to Mar 14, 2025
- RAUM · $405M to $466MMay 2, 2024 to Mar 14, 2025
- Accounts · 872 to 1,070Mar 21, 2023 to Mar 15, 2024
- HNW clients · 100 to 114Mar 21, 2023 to Mar 15, 2024
- Individual clients · 205 to 212Mar 21, 2023 to Mar 15, 2024
- Assets in custody · $59.8M to $63.2MMar 21, 2023 to Mar 15, 2024
- Financial planning clients · 101-250 to 251-500Mar 21, 2023 to Mar 15, 2024
- Discretionary RAUM · $347M to $405MMar 21, 2023 to Mar 15, 2024
- HNW RAUM · $291M to $345MMar 21, 2023 to Mar 15, 2024
- Individual RAUM · $56.2M to $59.9MMar 21, 2023 to Mar 15, 2024
- RAUM · $347M to $405MMar 21, 2023 to Mar 15, 2024
- Accounts · 855 to 872Mar 4, 2022 to Mar 21, 2023
- Advisory employees · 3 to 4Mar 4, 2022 to Mar 21, 2023
- Advisory activities · 3 to 5Mar 4, 2022 to Mar 21, 2023
- Charity clients · unset to 0.0Mar 4, 2022 to Mar 21, 2023
- Corporate clients · unset to 0.0Mar 4, 2022 to Mar 21, 2023
- HNW clients · 108 to 100Mar 4, 2022 to Mar 21, 2023
- Individual clients · 187 to 205Mar 4, 2022 to Mar 21, 2023
- Pension plan clients · unset to 0.0Mar 4, 2022 to Mar 21, 2023
- Pooled vehicle clients · unset to 0.0Mar 4, 2022 to Mar 21, 2023
- Assets in custody · $43.7M to $59.8MMar 4, 2022 to Mar 21, 2023
Signals
1 dated events
- Ann Stefanie Porter (Chief Compliance Officer) appeared on Schedule A of White Pine Investment CoMar 21, 2023 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- ilind@wpinv.comreportedpublished by the firm, firm site, Sep 17, 2026
- Business phone
- 734-464-2532reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/white-pine-investment-co-reportedpublic record, Form ADV, Sep 17, 2026
- Website
- wpinv.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 734-464-2532reportedpublic record, Form ADV, Mar 26, 2026
- Team page
- wpinv.com/who-we-arereportedpublished by the firm, firm site, Sep 17, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $177Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026