Shaker Investments provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. Financial planning was provided to 11–25 clients last fiscal year. The firm advises 1 private fund.
Shaker Investments reports 130 clients. They include 67 individual clients, 55 high-net-worth individuals, and 3 corporations and other businesses. Nearly all assets ($259M across 282 accounts) are managed with discretion; $118K across 1 account is not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 52% | 10% |
| High-net-worth individuals | 42% | 41% |
| Pooled investment vehicles | <1% | 40% |
| Pension and profit-sharing plans | 2% | <1% |
| Charitable organizations | 2% | <1% |
| Other client typesCorporations and other businesses | 2% | 8% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 67 | $25.9M | 10.0% | $386K |
| High-net-worth individuals | 55 | $105M | 40.7% | $1.92M |
| Pooled investment vehicles | 1 | $103M | 39.6% | $103M |
| Pension and profit-sharing plans | Fewer than 5 | $1.85M | 0.7% | $923K |
| Charitable organizations | Fewer than 5 | $1.88M | 0.7% | $938K |
| Corporations and other businesses | Fewer than 5 | $21.2M | 8.2% | $7.07M |
| Total | 130 | $259M | 100% | — |
- Clients
- 67
- Regulatory AUM
- $25.9M
- AUM share
- 10.0%
- Avg. per client
- $386K
- Clients
- 55
- Regulatory AUM
- $105M
- AUM share
- 40.7%
- Avg. per client
- $1.92M
- Clients
- 1
- Regulatory AUM
- $103M
- AUM share
- 39.6%
- Avg. per client
- $103M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.85M
- AUM share
- 0.7%
- Avg. per client
- $923K
- Clients
- Fewer than 5
- Regulatory AUM
- $1.88M
- AUM share
- 0.7%
- Avg. per client
- $938K
- Clients
- Fewer than 5
- Regulatory AUM
- $21.2M
- AUM share
- 8.2%
- Avg. per client
- $7.07M
Total
- Clients
- 130
- Regulatory AUM
- $259M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 11–25
Shaker Investments charges 0.50%–1.00% a year for its Separately Managed Accounts. The fee is billed in advance, is negotiable and requires an account of at least $50,000.
Fee details and sources
Edward Hemmelgarn owns 75% or more of Shaker Investments. The leadership team of Shaker Investments includes President Edward Hemmelgarn and Chief Compliance Officer Kathleen Wick. It has 9 employees, 6 of them in advisory roles.
Leadership
- Edward HemmelgarnPresident, Director & Member
- Kathleen WickChief Compliance Officer
- Janice HammondSecretary of Shaker Investments LLC
- Chris HemmelgarnPortfolio Manager
- Brandon HemmelgarnCo-CIO
- Raymond RundManaging Director, Senior Research Analyst
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Brandon A Hemmelgarn
- Chris Graham Hemmelgarn
- Edward Paul Hemmelgarn
- Sasha Asen Kostadinov
- Anthony John Panuto II
Staff
- 9 employees
- 6 in advisory functions
- 5 state-registered reps
- 2 soliciting firms
- Owns 75% or more of Shaker Investments, L.L.C.
Edward Hemmelgarn
Control person · since January 2002
- Owns 5% to 10% of Shaker Investments, L.L.C.
Janice Hammond
since January 2013
Shaker Investments’ regulatory assets grew from $196M (July 2021) to $259M (March 2026); clients rose from 103 to 130 and employees were 9 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $259M | 130 | 9 | 3 |
| March 2025 | $253M | 160 | 10 | 3 |
| March 2024 | $228M | 157 | 10 | 3 |
| March 2023 | $194M | 147 | 10 | 3 |
| March 2022 | $256M | 137 | 9 | 2 |
| July 2021 | $196M | 103 | 9 | 2 |
Besides its headquarters, Shaker Investments has 2 offices (2 private residences, listed without an address), with 1 listed address in Ohio.
Ohio · 1 listed address
- 3201 Enterprise Parkway, Suite 310, BeachwoodHQ
Other business names
Shaker Investments has reported 1 other business name to the SEC.
- Shaker Investments, Inc.
Contact and registration details
- Legal name
- Shaker Investments, L.L.C.
- Headquarters
- 3201 Enterprise Parkway, Suite 310, Beachwood, OH 44122-7337
- Website
- shakerinvest.com
- Phone
- 216-292-2950
- @shaker-investments-llc
- SEC file
- 801-60907
- Structure
- Delaware LLC
- Fiscal year end
- December
Shaker Investments uses Charles Schwab ($140M) as custodian for its separately managed accounts. Shaker Investments has custody of $103M in client assets for 1 client.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $140M100%
At year end, Shaker Investments’ separately managed accounts were mostly in stocks (93%).
What the accounts hold
- Stocks93%
- Funds4%
- Cash4%
How many clients does Shaker Investments have?
Shaker Investments has 130 clients and manages $259 million for them, as of March 2026. They include 67 individual clients, 55 high-net-worth individuals, and 3 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Shaker Investments offer?
Shaker Investments provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Shaker Investments charge?
Shaker Investments charges 0.50%–1.00% a year for its Separately Managed Accounts. The fee is billed in advance, is negotiable and requires an account of at least $50,000.
Source: SHAKER INVESTMENTS FORM ADV 2A FIRM BROCHURE, filed 30 March 2026
Which custodians does Shaker Investments use?
Shaker Investments’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $140M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Shaker Investments have?
Shaker Investments has 5 investment adviser representatives registered with state securities authorities, out of 9 employees, and 6 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 Shaker Investments invest in?
At the end of its last fiscal year, Shaker Investments’ separately managed accounts held 93% exchange-traded equities, 4% registered funds (mutual funds, ETFs, BDCs) and 4% cash and equivalents. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Shaker Investments have a minimum investment?
Yes, Shaker Investments’ minimum account size for its Separately Managed Accounts is $50K.
Source: SHAKER INVESTMENTS FORM ADV 2A FIRM BROCHURE, filed 30 March 2026
Who owns Shaker Investments?
Shaker Investments’ direct owners are Edward Hemmelgarn (75% or more) and Janice Hammond (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Shaker Investments get paid?
Shaker Investments is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Shaker Investments registered with the SEC?
Yes, Shaker Investments has been registered with the SEC as an investment adviser since 1 January 2002. Its CRD number is 119135 and its SEC file number is 801-60907.
Source: Form ADV Part 1A, Item 1, filed 30 March 2026; IAPD firm record
How do I contact Shaker Investments?
Shaker Investments’ main office is at 3201 Enterprise Parkway, Suite 310, Beachwood, OH 44122-7337. Its phone number is 216-292-2950. Its website is shakerinvest.com.