Overview
Agate Pass Investment Management, LLC (hereinafter “Agate”) is a registered investment advisor
that provides portfolio management services to its clients. Agate opened for business November
2010. Agate is owned by Brad Van Aken and Dan Rutter.
Through the use of detailed discussions and interviews Agate analyzes existing assets, including
allocation among asset classes, develops an asset allocation plan for each client portfolio; and
selects specific equity and fixed income securities designed to assist the Client in reaching his or
her stated goals and objectives. Agate makes some limited use of mutual funds and exchange traded
funds for investments; however, the majority of investments will be in shares of individual stocks
and bonds. Agate develops and recommends investment strategies based on each Client's goals,
investment experience, time horizon, tolerance for risk, and tax situation.
Agate constructs investment portfolios to meet individual client objectives. Portfolio management
services will be made using discretionary authority given by the client.
The investment process begins with the development of an Investment Policy and Guideline
statement tailored specifically for each client. Working with our clients, we analyze existing assets
and asset allocation, and review the client’s objectives, time horizon, tolerance for risk, liquidity,
income needs, and tax situation. From this process, we recommend and establish policies and
guidelines
for the management of each client’s portfolio. We select specific equity and fixed
income securities in a portfolio designed to assist each client in reaching their goals and objectives.
This process is ongoing, with adjustments made over time as each individual’s unique
circumstances change. Clients may impose reasonable restrictions on investing in certain securities
or types of securities.
When we recommend that you rollover retirement assets or transfer existing retirement assets, such
as a 401(k) or an IRA, to our management, we have a conflict of interest. This is because we will
generally earn additional revenue when we manage more assets. In making the recommendation,
however, we do so only after determining that the recommendation is in your best interest. Further,
in making any recommendation to transfer or rollover retirement assets, we do so as a “fiduciary,”
as that term is defined in ERISA or the Internal Revenue Code, or both. We also acknowledge we
are a fiduciary under ERISA or the Internal Revenue Code with respect to our ongoing investment
advisory recommendations and discretionary asset management services, as described in the
advisory agreement we execute with you. To the extent we provide non-fiduciary services to you,
those will be described in the advisory agreement.
As of December 31, 2022, Agate managed $201,396,839 of client assets on a discretionary basis.
Agate manages no assets on a non-discretionary basis.