{
  "crd_number": 111556,
  "slug": "white-pine-investment-co-livonia-mi-111556",
  "primary_business_name": "WHITE PINE INVESTMENT CO",
  "legal_name": "WHITE PINE INVESTMENT COMPANY",
  "dbas": [],
  "city": "Livonia",
  "state": "MI",
  "country": "United States",
  "cbsa_code": "19820",
  "metro": {
    "cbsa_code": "19820",
    "common_name": "Detroit",
    "msa_name": "Detroit-Warren-Dearborn, MI",
    "path": "/advisors/mi/detroit"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1997-11-21",
  "years_registered": 28,
  "period": "2026-10-01",
  "filing_date": "2026-03-26",
  "carried_forward": false,
  "raum_total": 532280488.0,
  "raum_discretionary": 518403585.0,
  "raum_non_discretionary": 13876903.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 7,
  "advisory_employees": 3,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 13876903.0,
      "count": 29
    },
    "individuals": {
      "raum": 70071428.0,
      "count": 219
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 448332157.0,
      "count": 107
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "periodicals_newsletters",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "IL",
    "IN",
    "MI",
    "NC",
    "NH",
    "OH",
    "TX"
  ],
  "websites": [
    "https://facebook.com/InvestWhitePine",
    "https://linkedin.com/company/white-pine-investment-co-",
    "https://twitter.com/InvestWhitePine",
    "https://wpinv.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111556",
  "city_as_filed": "LIVONIA",
  "url": "https://advisorcensus.com/firm/white-pine-investment-co-livonia-mi-111556",
  "display_name": "White Pine Investment Co",
  "summary": "White Pine Investment Co is an SEC-registered investment advisory firm in Livonia, MI, registered since 1997, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.",
  "citation": "AdvisorCensus. White Pine Investment Co (CRD 111556): 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": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is White Pine Investment Co compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), White Pine Investment Co reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does White Pine Investment Co charge?",
      "a": "Its Form ADV Part 2A brochure dated March 26, 2026 states: Up to $500,000: 1.1% a year; $500,001 to $1,000,000: 0.9% a year; $1,000,001 to $2,000,000: 0.7% a year; $2,000,001 to $4,000,000: 0.6% a year; $4,000,001 to $8,000,000: 0.45% a year; $8,000,001 to $12,000,000: 0.3% a year; Above $12,000,001: 0.15% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is White Pine Investment Co located?",
      "a": "White Pine Investment Co's principal office is in Livonia, MI, according to its Form ADV."
    },
    {
      "q": "Is White Pine Investment Co registered with the SEC or a state?",
      "a": "White Pine Investment Co is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 111556."
    },
    {
      "q": "How much does White Pine Investment Co manage?",
      "a": "White Pine Investment Co reports $532,280,488 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (97% discretionary)."
    },
    {
      "q": "How have White Pine Investment Co's assets and staff changed since 2021?",
      "a": "In the Form ADV data for White Pine Investment Co: Regulatory assets under management: $341,605,326 in the October 2021 data and $532,280,488 in the October 2026 data, up 56%. Total employees: 6 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does White Pine Investment Co serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (219); high net worth individuals (107); charitable organizations (29)."
    },
    {
      "q": "Which custodians does White Pine Investment Co use?",
      "a": "White Pine Investment Co's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does White Pine Investment Co 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/111556"
    },
    {
      "q": "Does White Pine Investment Co state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 26, 2026 says: \"The minimum account size is $500,000 of assets under management. WPIC has the discretion to waive the account minimum.\""
    },
    {
      "q": "What changed in White Pine Investment Co's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 4 to 3. Regulatory assets under management went from $465,784,043 to $532,280,488 (+14%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 341605326.0,
      "total_employees": 6,
      "filing_date": "2021-03-11"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 399986095.0,
      "total_employees": 3,
      "filing_date": "2022-03-04"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 347445967.0,
      "total_employees": 6,
      "filing_date": "2023-03-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 405191926.0,
      "total_employees": 6,
      "filing_date": "2024-05-02"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 465784043.0,
      "total_employees": 7,
      "filing_date": "2025-03-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 532280488.0,
      "total_employees": 7,
      "filing_date": "2026-03-26"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 4 to 3.",
        "Regulatory assets under management went from $465,784,043 to $532,280,488 (+14%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 26, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $500,000",
        "rate": "1.1%"
      },
      {
        "band": "$500,001 to $1,000,000",
        "rate": "0.9%"
      },
      {
        "band": "$1,000,001 to $2,000,000",
        "rate": "0.7%"
      },
      {
        "band": "$2,000,001 to $4,000,000",
        "rate": "0.6%"
      },
      {
        "band": "$4,000,001 to $8,000,000",
        "rate": "0.45%"
      },
      {
        "band": "$8,000,001 to $12,000,000",
        "rate": "0.3%"
      },
      {
        "band": "Above $12,000,001",
        "rate": "0.15%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $500,000: 1.1% a year",
          "$500,001 to $1,000,000: 0.9% a year",
          "$1,000,001 to $2,000,000: 0.7% a year",
          "$2,000,001 to $4,000,000: 0.6% a year",
          "$4,000,001 to $8,000,000: 0.45% a year",
          "$8,000,001 to $12,000,000: 0.3% a year",
          "Above $12,000,001: 0.15% a year"
        ],
        "quotes": [
          "WPIC's standard fee is based on the following schedule:",
          "0 - $500,000 1.10%",
          "$500, 001 - $1,000,000 0.90%",
          "$1,000,001 - $2,000,000 0.70%",
          "$2,000,001 - $4,000,000 0.60%",
          "$4,000,001 - $8,000,000 0.45%",
          "$8,000,001 - $12,000,000 0.30%",
          "$12,000,001 and over 0.15%"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The minimum account size is $500,000 of assets under management. WPIC has the discretion to waive the account minimum."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 500000.0,
          "rate_pct": 1.1
        },
        {
          "min": 500001.0,
          "max": 1000000.0,
          "rate_pct": 0.9
        },
        {
          "min": 1000001.0,
          "max": 2000000.0,
          "rate_pct": 0.7
        },
        {
          "min": 2000001.0,
          "max": 4000000.0,
          "rate_pct": 0.6
        },
        {
          "min": 4000001.0,
          "max": 8000000.0,
          "rate_pct": 0.45
        },
        {
          "min": 8000001.0,
          "max": 12000000.0,
          "rate_pct": 0.3
        },
        {
          "min": 12000001.0,
          "max": null,
          "rate_pct": 0.15
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 500000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "WPIC's standard fee is based on the following schedule:",
      "0 - $500,000 1.10%",
      "$500, 001 - $1,000,000 0.90%",
      "$1,000,001 - $2,000,000 0.70%",
      "$2,000,001 - $4,000,000 0.60%",
      "$4,000,001 - $8,000,000 0.45%",
      "$8,000,001 - $12,000,000 0.30%",
      "$12,000,001 and over 0.15%",
      "The minimum account size is $500,000 of assets under management. WPIC has the discretion to waive the account minimum."
    ],
    "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
    }
  ],
  "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/white-pine-investment-co-livonia-mi-111556.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 219,
      "fewer_than_5": false,
      "raum": 70071428.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 107,
      "fewer_than_5": false,
      "raum": 448332157.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "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": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 29,
      "fewer_than_5": false,
      "raum": 13876903.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "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": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/111556",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}