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Sandhill Capital Partners

Wealth managementRIA

Buffalo, NYCRD 129800Updated

Sandhill Capital Partners is an investment adviser based in Buffalo, NY, registered with the SEC since 2004. It provides investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $2.4 billion, as filed on 31 March 2026.

2,110
Clients
$1.02M
AUM per individual client
14
Advisory staff
2
Offices
0.65–1.00%
Annual fee

From Form ADV filed 31 March 2026SEC record

Services and clients

Sandhill Capital Partners provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and retirement plan services.

Sandhill Capital Partners reports 2,110 clients. They include 1,670 individual clients, 374 high-net-worth individuals, and 48 corporations and other businesses. Of its assets, 87.9% ($2.11B across 3,217 accounts) are managed with discretion; $290M across 174 accounts are not. A wrap fee program the firm both sponsors and manages holds $111M. It advised 3 clients without assets under management last fiscal year.

Clients and assets by client type
Clients2,110 clients
Assets$2.4B
Share of clients and assets by client type
Client typeClientsAssets
Individuals (other than HNW)79%29%
High-net-worth individuals18%58%
Charitable organizations<1%4%
Corporations and other businesses2%9%
Client breakdown and activity details
Individuals (other than HNW)
Clients
1,670
Regulatory AUM
$693M
AUM share
28.8%
Avg. per client
$415K
High-net-worth individuals
Clients
374
Regulatory AUM
$1.4B
AUM share
58.3%
Avg. per client
$3.75M
Charitable organizations
Clients
18
Regulatory AUM
$87.3M
AUM share
3.6%
Avg. per client
$4.85M
Corporations and other businesses
Clients
48
Regulatory AUM
$223M
AUM share
9.3%
Avg. per client
$4.64M

Total

Clients
2,110
Regulatory AUM
$2.4B
AUM share
100%
Avg. per client
$1.14M
Clients outside the U.S.
0%
Clients advised without assets under management last fiscal year
3
Private funds advised
0

Fees and minimums

Sandhill Capital Partners charges 0.65%–1.00% a year for its Standard discretionary fee schedule. The fee is billed in advance.

Fee details and sources

Ownership and people

Edwin Johnston owns 50% to 75% of Sandhill Capital Partners. The leadership team of Sandhill Capital Partners includes Chief Compliance Officer Ryan Myers. It has 22 employees, 14 of them in advisory roles.

Leadership

  • Ryan Myers
    Partner, Chief Compliance Officer
  • Jonathan Amoia
    Partner, Managing Director
  • Shant Goubrial
    Chief Operations Officer & Managing Partner
  • Aaron Vandeguchte
    Partner,chief Equity Analyst
  • Edwin Johnston
    Founder
  • Larry Stolzenburg
    Partner
  • Christopher Kicinski
    Partner, Managing Partner
  • Richard Ryskalczyk
    Portfolio Manager & Managing Partner
  • Kristyna Hassler
    Partner, Managing Partner
  • Mark Larry
    Partner, Senior Equity Analyst

Investment adviser representatives

13 representatives listed in the SEC register as of 9 October 2026.

  • Thomas Elliott Baker JR
  • John M Canty
  • Brian David Dillon
  • Stephen Kevin Garvin
  • Shant Shawky Goubrial
  • Kristyna Allsop Hassler
  • Edwin McClellan Johnston III
  • Numayer Ahmed Khan
  • Christopher Stanley Kicinski
  • Christian Dennis Martinez
  • Ryan Andrew Myers
  • Paul Drohan Stancs

Staff

  • 22 employees
  • 14 in advisory functions
  • 13 state-registered reps
  • 6 soliciting firms
Who owns the firm
Sandhill Capital Partners LLC· the adviser
  • Edwin Johnston

    Control person · since December 2003

    Owns 50% to 75% of Sandhill Capital Partners LLC
  • Shant Goubrial

    since February 2015

    Owns 10% to 25% of Sandhill Capital Partners LLC
  • Richard Ryskalczyk

    since April 2023

    Owns 10% to 25% of Sandhill Capital Partners LLC
  • Jonathan Amoia

    since January 2016

    Owns 10% to 25% of Sandhill Capital Partners LLC
  • Larry Stolzenburg

    since March 2012

    Owns 5% to 10% of Sandhill Capital Partners LLC
  • Christopher Kicinski

    since March 2012

    Owns 5% to 10% of Sandhill Capital Partners LLC
  • Kristyna Hassler

    since January 2026

    Owns 5% to 10% of Sandhill Capital Partners LLC
  • Mark Larry

    since January 2018

    Owns 5% to 10% of Sandhill Capital Partners LLC

Growth and acquisitions

Sandhill Capital Partners’ regulatory assets grew from $1.99B (March 2021) to $2.4B (March 2026); clients fell from 2,265 to 2,110 and employees from 27 to 22.

By annual filing
Measure
Figures from each annual filing
Sandhill Capital Partners figures from each annual Form ADV filing
FiledRegulatory AUMClientsEmployeesOffices
March 2026$2.4B2,110222
March 2025$2.23B2,150282
March 2024$2.13B2,168262
March 2023$1.82B2,203232
March 2022$2.25B2,396272
March 2021$1.99B2,265272

Offices and registration details

Besides its headquarters, Sandhill Capital Partners has 1 office, with 2 listed addresses in Massachusetts and New York.

Listed office addresses by state

New York · 1 listed address

  • 40 Fountain Plaza, Suite 1300, BuffaloHQ

Other business names

Sandhill Capital Partners has reported 1 other business name to the SEC.

  • Sandhill Investment Management

Contact and registration details

Legal name
Sandhill Capital Partners LLC
Headquarters
40 Fountain Plaza, Suite 1300, Buffalo, NY 14202
SEC file
801-63194
Founded
2002
Structure
New York LLC
Fiscal year end
December

Custodians

Sandhill Capital Partners uses Charles Schwab ($2.05B, 97%) and Pershing ($61.6M, 3%) as custodians for its separately managed accounts. Sandhill Capital Partners has custody of $1.23B in client assets for 1,039 clients.

Reported separately managed account assets by custodian
$2.12B
named custodians
  • PershingPershing LLC · Jersey City, NJ · $61.6M3%
  • Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $2.05B97%

Investments and reported holdings

At year end, Sandhill Capital Partners’ separately managed accounts were mostly in stocks (63%) and bonds (26%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.23B across 98 positions; the largest are State Street SPDR Bloomberg 1- (8.1%), Amphenol Corp. New Class A (4.7%) and GE Aerospace (4.3%).

What the accounts hold

Separately managed account assets by class, year end
  • Stocks63%
    • Exchange-traded equities60%
    • Non-exchange-traded equities3%
  • Funds9%
  • Bonds26%
    • Investment grade corporate bonds13%
    • U.S. government and agency bonds6%
    • High-yield corporate bonds6%
    • State and local bonds1%
  • Cash2%

Reported 13F holdings

$1.23B
Reported 13F value
98
Positions
43.0%
In the 10 largest
+5.8%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. State Street SPDR Bloomberg 1-8.1%
  2. Amphenol Corp. New Class A4.7%
  3. GE Aerospace4.3%
  4. Texas Instrs Inc.4.2%
  5. Stryker Corp.4.0%
  6. Palo Alto Networks Inc.3.9%
  7. Charles Schwab Corp.3.6%
  8. Microsoft Corp.3.5%
  9. Servicenow Inc.3.4%
  10. Federal Signal Corp.3.3%

Together, the ten largest are 43.0% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 13 August 2026

Common questions

How many clients does Sandhill Capital Partners have?

Sandhill Capital Partners has 2,110 clients and manages $2.4 billion for them, as of March 2026. They include 1,670 individual clients, 374 high-net-worth individuals, and 48 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026

What services does Sandhill Capital Partners offer?

Sandhill Capital Partners provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and retirement plan services.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4

How much does Sandhill Capital Partners charge?

Sandhill Capital Partners charges 0.65%–1.00% a year for its Standard discretionary fee schedule. The fee is billed in advance.

Source: SANDHILL ADV PART2A, filed 31 March 2026

Which custodians does Sandhill Capital Partners use?

Sandhill Capital Partners’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $2.05B and Pershing LLC (Jersey City, NJ), with $61.6M. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026

How many financial advisors does Sandhill Capital Partners have?

Sandhill Capital Partners has 13 investment adviser representatives registered with state securities authorities, out of 22 employees, and 14 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Sandhill Capital Partners invest in?

At the end of its last fiscal year, Sandhill Capital Partners’ separately managed accounts held 60% exchange-traded equities, 13% investment grade corporate bonds, 9% registered funds (mutual funds, ETFs, BDCs), 6% U.S. government and agency bonds, 6% high-yield corporate bonds, 3% non-exchange-traded equities, 2% cash and equivalents and 1% state and local bonds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Sandhill Capital Partners?

Sandhill Capital Partners’ direct owners are Edwin Johnston (50% to 75%), Shant Goubrial (10% to 25%), Larry Stolzenburg (5% to 10%), Christopher Kicinski (5% to 10%), Richard Ryskalczyk (10% to 25%), Jonathan Amoia (10% to 25%), Kristyna Hassler (5% to 10%) and Mark Larry (5% to 10%).

Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026

How does Sandhill Capital Partners get paid?

Sandhill Capital Partners is paid through a percentage of assets under management, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

How do I contact Sandhill Capital Partners?

Sandhill Capital Partners’ main office is at 40 Fountain Plaza, Suite 1300, Buffalo, NY 14202. Its phone number is 716-852-0279. Its website is sandhill-im.com.

Source: Form ADV Part 1A, Item 1.F, filed 31 March 2026

Sources and methodology

  1. Form ADV Part 1A, amendment filed 31 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. SANDHILL ADV PART2A, submitted 31 March 2026.
  3. SEC-filed document.
  4. IAPD firm record, CRD 129800.
  5. SEC registered adviser data, annual Form ADV amendments filed 31 March 2021 to 31 March 2026. Items 1.F and 5.
  6. SEC investment adviser representative register, as of 9 October 2026; loaded 10 October 2026.
  7. Form 13F-HR, filed 13 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since. Disciplinary history is not yet shown here. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one.

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