Split Rock Private Trading and Wealth Management is an investment advisory firm based in Cloquet, Minnesota, that offers ongoing portfolio management services for individual investors. Split Rock builds customized investment portfolios based on each client's specific financial goals, time horizon, and risk tolerance, formalized through an Investment Policy Statement. The firm primarily operates with the authority to make trades on your behalf without asking first, continuously monitoring and rebalancing portfolios as needed. Split Rock analyzes investments using charting, fundamental, technical, and cyclical analysis, and can invest across a broad range of securities including stocks, bonds, mutual funds, exchange-traded funds, and real estate investment trusts. In addition to managing individual accounts, Split Rock serves as the investment manager for an exchange-traded fund called the North Shore Equity Rotation ETF. The firm is legally required to act in your best interest when providing retirement advice. Split Rock generally requires a minimum account size of $100,000, though this can be waived at their discretion.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $50K | 1.75% |
| $50K - $500K | 1.50% |
| $500K+ | 1.25% |
Fees are negotiable. Cash and cash equivalents are included in assets under management for fee calculation.