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

Sandhill Investment Management

Independent wealth managerBuffalo, New YorkCRD 129800SEC 801-63194websiteIAPD
Legal name Sandhill Capital Partners LLC
Latest filing Mar 31, 2026
First filing on the tape Feb 17, 2012 · 60 filings
SEC status approved since Jun 16, 2004
RAUM
$2.4B
reported, Item 5.F
Discretionary
88%
of RAUM
Private clients
87%
$2.1B individuals and HNW
Advisors
13
registered through the firm on IAPD
RAUM per advisor
$185M
derived; firm RAUM over IAPD count
Employees
22
14 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
60 filings and snapshots on the tape
RAUM$2.4B as of Mar 31, 2026
Feb 17, 2012$278M then
HNW client RAUM$1.4B as of Mar 31, 2026
Mar 29, 2018$650M then
State-registered IARs (5.B.3)13 as of Mar 31, 2026
Jan 29, 20131 then
Employees (5.A)22 as of Mar 31, 2026
Jan 29, 201310 then
Private funds: no history
RAUM +7.6% over the last fiscal year+9.7% a year over threeIARs 16 to 13
Practice profile
derived from the filing of Mar 31, 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
RAUM per advisor
$185MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
157derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.7MderivedHNW RAUM over HNW clients
Average account
$708,998derivedRAUM over accounts (5.F.2.f)
Discretionary
88%derivedof RAUM
Institutional
3.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
6.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+7.6%derivedbetween the last two annual amendments
Advisor growth, one year
-19%derivedItem 5.B.3 between annual amendments
Client growth, one year
-2.0%derived
Compensation
percentage of assets, fixed fees, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$1.2B, 1,039 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.4B58%
  • Individuals$693M29%
  • Corporations and businesses$223M9.3%
  • Charitable organizations$87.3M3.6%
Individual clients
1,670reported
HNW clients
374reported
Pension plan clients
n/areported
Charitable clients
18reported
Accounts
3,391reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $111M managedreported
Custody of client assets
$1.2B for 1,039 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.87 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
13 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Larry Scott StolzenburgBuffalo, NyDec 12, 200838 y1
Stephen Kevin GarvinBuffalo, Ny Apr 9, 201541 y2
Brian David DillonChartered Financial ConsultantBuffalo, Ny Mar 19, 201917 y3
Christopher Stanley KicinskiCertified Financial PlannerBuffalo, NyApr 13, 202119 y0
Christian Dennis MartinezCertified Financial PlannerBuffalo, NyJun 3, 202110 y0
Thomas Elliott BakerBuffalo, NyJun 6, 202128 y2
Ryan Andrew MyersBuffalo, NyJul 22, 202112 y2
Kristyna Allsop HasslerBuffalo, NyJul 22, 202117 y2
Shant Shawky GoubrialBuffalo, NyJul 29, 202115 y0
Paul Drohan StancsLitchfield, Ct Aug 2, 202115 y2
Edwin Mcclellan JohnstonBuffalo, NyAug 19, 202130 y0
John M CantyCertified Financial PlannerBuffalo, NyOct 30, 202318 y0
Numayer Ahmed KhanBuffalo, NyApr 2, 202414 y0
Advisor movement
2 left, 0 joined in 12 months
net -2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 15% of current headcount4 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Mcclellan Edwin Johnston · Foundercontrol
    since 12/2003 · owns 50% to 75%
  • Joseph Jonathan Amoia · Partner, Managing Director
    since 01/2016 · owns 10% to 25%
  • Shawky Shant Goubrial · Chief Operations Officer & Managing Partner
    since 02/2015 · owns 10% to 25%
  • Allsop Kristyna Hassler · Partner, Managing Partner Analyst
    since 01/2026 · owns 5% to 10%
  • Stanley Christopher Kicinski · Partner, Managing Partner
    since 03/2012 · owns 5% to 10%
  • Joseph Mark Larry · Partner, Senior Equity Analyst
    since 01/2018 · owns 5% to 10%
  • Andrew Ryan Myers · Partner, Chief Compliance Officer
    since 03/2016 · owns less than 5%
  • William Richard Ryskalczyk · Portfolio Manager & Managing Partner
    since 04/2023 · owns 10% to 25%
  • Scott Larry Stolzenburg · Partner
    since 03/2012 · owns 5% to 10%
  • Robert Aaron Vandeguchte · Partner,Chief Equity Analyst
    since 07/2021 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Buffalo, Ny · principal1302
Offices
Schedule D 1.F, the 25 largest
  • Medway, MA1 employees
What changed
consecutive filings, newest first
  • Accounts · 3,326 to 3,391
    Jan 23, 2026 to Mar 31, 2026
  • Advisory employees · 17 to 14
    Jan 23, 2026 to Mar 31, 2026
  • Charity clients · 19 to 18
    Jan 23, 2026 to Mar 31, 2026
  • Corporate clients · 46 to 48
    Jan 23, 2026 to Mar 31, 2026
  • HNW clients · 345 to 374
    Jan 23, 2026 to Mar 31, 2026
  • Individual clients · 1,740 to 1,670
    Jan 23, 2026 to Mar 31, 2026
  • Assets in custody · $1.3B to $1.2B
    Jan 23, 2026 to Mar 31, 2026
  • Employees · 28 to 22
    Jan 23, 2026 to Mar 31, 2026
  • State-registered IARs · 16 to 13
    Jan 23, 2026 to Mar 31, 2026
  • Discretionary RAUM · $2.0B to $2.1B
    Jan 23, 2026 to Mar 31, 2026
  • HNW RAUM · $1.3B to $1.4B
    Jan 23, 2026 to Mar 31, 2026
  • Individual RAUM · $670M to $693M
    Jan 23, 2026 to Mar 31, 2026
  • Non-discretionary RAUM · $257M to $290M
    Jan 23, 2026 to Mar 31, 2026
  • RAUM · $2.2B to $2.4B
    Jan 23, 2026 to Mar 31, 2026
  • Wrap assets (manager) · $129M to $111M
    Jan 23, 2026 to Mar 31, 2026
  • Accounts · 3,261 to 3,326
    Mar 28, 2024 to Mar 28, 2025
  • Advisory employees · 15 to 17
    Mar 28, 2024 to Mar 28, 2025
  • Charity clients · 18 to 19
    Mar 28, 2024 to Mar 28, 2025
  • Corporate clients · 45 to 46
    Mar 28, 2024 to Mar 28, 2025
  • HNW clients · 340 to 345
    Mar 28, 2024 to Mar 28, 2025
  • Individual clients · 1,765 to 1,740
    Mar 28, 2024 to Mar 28, 2025
  • Assets in custody · $1.2B to $1.3B
    Mar 28, 2024 to Mar 28, 2025
  • Employees · 26 to 28
    Mar 28, 2024 to Mar 28, 2025
  • Financial planning clients · unset to
    Mar 28, 2024 to Mar 28, 2025
  • State-registered IARs · 14 to 16
    Mar 28, 2024 to Mar 28, 2025
  • Discretionary RAUM · $1.9B to $2.0B
    Mar 28, 2024 to Mar 28, 2025
  • HNW RAUM · $1.2B to $1.3B
    Mar 28, 2024 to Mar 28, 2025
  • Individual RAUM · $675M to $670M
    Mar 28, 2024 to Mar 28, 2025
  • Non-discretionary RAUM · $229M to $257M
    Mar 28, 2024 to Mar 28, 2025
  • RAUM · $2.1B to $2.2B
    Mar 28, 2024 to Mar 28, 2025
  • Wrap assets (manager) · $185M to $129M
    Mar 28, 2024 to Mar 28, 2025
  • Accounts · 3,216 to 3,261
    Aug 30, 2023 to Mar 28, 2024
  • Charity clients · 19 to 18
    Aug 30, 2023 to Mar 28, 2024
  • Corporate clients · 43 to 45
    Aug 30, 2023 to Mar 28, 2024
  • HNW clients · 296 to 340
    Aug 30, 2023 to Mar 28, 2024
  • Individual clients · 1,845 to 1,765
    Aug 30, 2023 to Mar 28, 2024
  • Assets in custody · $959M to $1.2B
    Aug 30, 2023 to Mar 28, 2024
  • Employees · 23 to 26
    Aug 30, 2023 to Mar 28, 2024
  • State-registered IARs · 12 to 14
    Aug 30, 2023 to Mar 28, 2024
  • Discretionary RAUM · $1.6B to $1.9B
    Aug 30, 2023 to Mar 28, 2024
Signals
9 dated events
  • Jonathan Joseph Amoia left Sandhill Investment Management for Tritonpoint Partners, Llc (registered 2026-01-20)
    Jan 21, 2026 · Advisor changed firm · fact
  • Jeff Lowrie left Sandhill Investment Management for Ubs Financial Services Inc. (registered 2025-12-26)
    Oct 17, 2025 · Advisor changed firm · fact
  • Peter Kazmierczak left Sandhill Investment Management for Morgan Stanley (registered 2025-11-13)
    Sep 9, 2025 · Advisor changed firm · fact
  • Patrick Jerome Collins left Sandhill Investment Management for Wny Asset Management, Llc (registered 2025-01-28)
    Jan 10, 2025 · Advisor changed firm · fact
  • David John Dennett left Sandhill Investment Management for Solid Point Wealth Advisors, Llc (registered 2023-02-06)
    Jan 6, 2023 · Advisor changed firm · fact
  • Christopher Bradford Roop left Sandhill Investment Management for Solid Point Wealth Advisors, Llc (registered 2022-09-23)
    Jul 20, 2022 · Advisor changed firm · fact
  • Marc David Bernstein left Sandhill Investment Management for Oneseven (registered 2022-07-19)
    Jul 19, 2022 · Advisor changed firm · fact
  • Sandhill Investment Management reported 15 state-registered advisory representatives, up from 4 (2021-11-10 to 2022-03-30)
    Mar 30, 2022 · Advisor headcount change · derived
  • Sandhill Investment Management reported RAUM $1.6B, up 31% from $1.2B (2019-07-19 to 2020-03-30)
    Mar 30, 2020 · RAUM change · derived
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
yourteam@sandhill-im.comreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
716-852-0279reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
716-852-1905reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
LINKEDIN.COM/COMPANY/SANDHILL-INVESTMENT-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
Website
SANDHILL-IM.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
716-852-0279reportedpublic record, Form ADV, Mar 31, 2026
Team page
sandhill-im.com/teamreportedpublished by the firm, firm site, Sep 15, 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
$185Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026