{"url":"https://nivawealth.com/firms/shaker-investments-119135","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/119135","regulatoryAum":258762352,"crd":"119135","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5678019","suffix":null,"lastName":"HEMMELGARN","firstName":"BRANDON","middleName":"A"},{"crd":"5414204","suffix":null,"lastName":"HEMMELGARN","firstName":"CHRIS","middleName":"GRAHAM"},{"crd":"2736581","suffix":null,"lastName":"HEMMELGARN","firstName":"EDWARD","middleName":"PAUL"},{"crd":"2634525","suffix":null,"lastName":"KOSTADINOV","firstName":"SASHA","middleName":"ASEN"},{"crd":"4987348","suffix":"II","lastName":"PANUTO","firstName":"ANTHONY","middleName":"JOHN"}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-07-28","regulatoryAum":196171051,"clients":103,"employees":9,"offices":2},{"filedOn":"2022-03-25","regulatoryAum":255570898,"clients":137,"employees":9,"offices":2},{"filedOn":"2023-03-31","regulatoryAum":194159223,"clients":147,"employees":10,"offices":3},{"filedOn":"2024-03-22","regulatoryAum":227852508,"clients":157,"employees":10,"offices":3},{"filedOn":"2025-03-31","regulatoryAum":253099411,"clients":160,"employees":10,"offices":3},{"filedOn":"2026-03-30","regulatoryAum":258762352,"clients":130,"employees":9,"offices":3}],"secFileNumber":"801-60907","legalName":"Shaker Investments, L.L.C.","displayName":"Shaker Investments","slug":"shaker-investments-119135","website":"https://shakerinvest.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/119135/556fe17699c809f5-r1.webp","tone":"light","width":544,"height":200,"sourceUrl":"https://www.shakerinvest.com/","sourceLabel":"Shaker Investments, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/shaker-investments-llc/about/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3201 Enterprise Parkway, Suite 310","city":"Beachwood","state":"OH","stateName":"Ohio","country":"United States","postalCode":"44122-7337"},"tradeNames":["Shaker Investments, Inc."],"registration":{"secApproved":"1 January 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Accounts","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1033706","versionId":1033706,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-30","documentName":"SHAKER INVESTMENTS FORM ADV 2A FIRM BROCHURE","fee_rate_low":0.5,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":50000,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T08:43:27.460809+00:00","documents":[{"name":"SHAKER INVESTMENTS FORM ADV 2A FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1033706","versionId":1033706,"submittedOn":"2026-03-30"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":140023967}],"custodyNote":"Shaker Investments has custody of $103M in client assets for 1 client.","leadership":[{"name":"Edward Hemmelgarn","title":"President, Director & Member","crd":"2736581"},{"name":"Kathleen Wick","title":"Chief Compliance Officer","crd":"7716305"},{"name":"Janice Hammond","title":"Secretary of Shaker Investments LLC","crd":"6762450"},{"name":"Chris Hemmelgarn","title":"Portfolio Manager","crd":"5414204"},{"name":"Brandon Hemmelgarn","title":"Co-CIO","crd":"5678019"},{"name":"Raymond Rund","title":"Managing Director, Senior Research Analyst","crd":"4360859"}],"ownership":[{"label":"Edward Hemmelgarn","detail":"President, director & member in the 75% or more ownership band and a control person, since January 2002."},{"label":"Janice Hammond","detail":"Secretary of shaker investments llc in the 5% to 10% ownership band, since January 2013."}],"filedOffices":{"otherThanPrincipal":2,"privateResidences":2},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Ohio","offices":1,"addresses":[{"street":"3201 Enterprise Parkway, Suite 310","city":"Beachwood","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"216-292-2950","stateRegisteredReps":5,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Other"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":93},{"label":"Securities issued by registered investment companies or business development companies","percent":4},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":1},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/119135/PDF/119135.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1033706","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Shaker Investments have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Shaker Investments offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Shaker Investments charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Shaker Investments use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Shaker Investments have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Shaker Investments invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Shaker Investments have a minimum investment?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Shaker Investments?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Shaker Investments get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Shaker Investments registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Shaker Investments?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}