{
  "crd_number": 170939,
  "slug": "red-cedar-investment-management-grand-rapids-mi-170939",
  "primary_business_name": "RED CEDAR INVESTMENT MANAGEMENT",
  "legal_name": "RED CEDAR INVESTMENT MANAGEMENT, LLC",
  "dbas": [],
  "city": "Grand Rapids",
  "state": "MI",
  "country": "United States",
  "cbsa_code": "24340",
  "metro": {
    "cbsa_code": "24340",
    "common_name": "Grand Rapids",
    "msa_name": "Grand Rapids-Wyoming-Kentwood, MI",
    "path": "/advisors/mi/grand-rapids"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-05-19",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-05-19",
  "carried_forward": false,
  "raum_total": 3328007890.0,
  "raum_discretionary": 3328007890.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 18,
  "advisory_employees": 13,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 152292302.0,
      "count": 4,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 325761614.0,
      "count": 1,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 1175973489.0,
      "count": 9
    },
    "investment_companies": {
      "raum": 1255877950.0,
      "count": 4
    },
    "pension_profit_sharing": {
      "raum": 343780738.0,
      "count": 4,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 0.0,
      "count": 0
    },
    "pooled_investment_vehicles": {
      "raum": 19147274.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 55174523.0,
      "count": 3,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MI",
    "OH"
  ],
  "websites": [
    "https://iheart.com/podcast/1333-caveat-emptor-269785500/episode/b-93-1157?app=listen",
    "https://linkedin.com/company/red-cedar-investment-management-llc",
    "https://open.spotify.com/show/26BUuR4lnT69ClNCvHVHkB?si=ac0d7433a706481b",
    "https://podcasts.apple.com/us/podcast/caveat-emptor/id1799982445",
    "https://redcedarim.com",
    "https://substack.com/@freshwatereconomist",
    "https://youtube.com/@redcedarim"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/170939",
  "city_as_filed": "GRAND RAPIDS",
  "url": "https://advisorcensus.com/firm/red-cedar-investment-management-grand-rapids-mi-170939",
  "display_name": "Red Cedar Investment Management",
  "summary": "Red Cedar Investment Management is an SEC-registered investment advisory firm in Grand Rapids, MI, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 19, 2026.",
  "citation": "AdvisorCensus. Red Cedar Investment Management (CRD 170939): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Red Cedar Investment Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Red Cedar Investment Management reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Red Cedar Investment Management charge?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.3% to 0.6% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Red Cedar Investment Management located?",
      "a": "Red Cedar Investment Management's principal office is in Grand Rapids, MI, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Red Cedar Investment Management registered with the SEC or a state?",
      "a": "Red Cedar Investment Management is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 170939."
    },
    {
      "q": "How much does Red Cedar Investment Management manage?",
      "a": "Red Cedar Investment Management reports $3,328,007,890 in regulatory assets under management in its Form ADV filing dated May 19, 2026 (100% discretionary)."
    },
    {
      "q": "How have Red Cedar Investment Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Red Cedar Investment Management: Regulatory assets under management: $1,725,161,917 in the October 2021 data and $3,328,007,890 in the October 2026 data, up 93%. Total employees: 14 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Red Cedar Investment Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: insurance companies (9); investment companies (4); pension and profit sharing plans (but not the plan participants or government pension plans) (4)."
    },
    {
      "q": "Which custodians does Red Cedar Investment Management use?",
      "a": "Red Cedar Investment Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Northern Trust Corporation and US Bancorp as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Red Cedar Investment Management report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/170939"
    },
    {
      "q": "What changed in Red Cedar Investment Management's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $1,982,345,061 to $3,328,007,890 (+68%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1725161917.0,
      "total_employees": 14,
      "filing_date": "2021-06-23"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1637864281.0,
      "total_employees": 14,
      "filing_date": "2022-06-21"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1454717654.0,
      "total_employees": 14,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1628447738.0,
      "total_employees": 15,
      "filing_date": "2024-05-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1982345061.0,
      "total_employees": 17,
      "filing_date": "2025-07-23"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 3328007890.0,
      "total_employees": 18,
      "filing_date": "2026-05-19"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $1,982,345,061 to $3,328,007,890 (+68%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.3% to 0.6% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.3% to 0.6% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "The standard fee schedules for institutional clients are expected to range from 0.30% to 0.60% annually."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.3,
        0.6
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The standard fee schedules for institutional clients are expected to range from 0.30% to 0.60% annually."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Northern Trust Corporation",
      "name_as_filed": "NORTHERN TRUST CORPORATION",
      "affiliated": false
    },
    {
      "name": "US Bancorp",
      "name_as_filed": "US BANCORP",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/red-cedar-investment-management-grand-rapids-mi-170939.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 4,
      "fewer_than_5": false,
      "raum": 1255877950.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 19147274.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 4,
      "fewer_than_5": true,
      "raum": 343780738.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 4,
      "fewer_than_5": true,
      "raum": 152292302.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 1,
      "fewer_than_5": true,
      "raum": 325761614.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 9,
      "fewer_than_5": false,
      "raum": 1175973489.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": true,
      "raum": 55174523.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/170939",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}