SELLWOOD INVESTMENT PARTNERS LLC

Sellwood Investment Partners LLC (“Sellwood”) is an independent investment advisory firm and SEC-registered investment adviser. Our principal place of business is located in Portland, Oregon. The firm is 100% owned by active employeesSellwood was founded in 2012, and the four founders have worked together since 2005. 

Investment Advisory Services 

Sellwood is an independent investment firm that provides strategic investment advisory services to clients. We provide a wide range of advisory services to meet each client’s needs. Clients may use any or all of these services, as appropriate. Services include, but are not limited to, the following: 

Investment Policy Statement (“IPS”) Development or Review 

We assist clients with preparation and ongoing review of a written IPS, including customized investment objectives and guidelines under which these goals are to be achieved. The IPS may include, among other things, the: 

-Responsibilities for the Board/Committee, Staff, and various service providers; 

-Asset class targets, permissible ranges and rebalancing policy; 

-Guidelines for investments within each asset class; 

-Types and styles of investment managers and/or funds; 

-Criteria for selection of investment managers; 

-Procedures and timing for monitoring investment performance; and 

-Guidelines to establish risk tolerance for the separate strategies and the aggregate risk of the total portfolio. 

Asset Allocation and Manager Structure 

We use asset allocation studies as a strategic planning tool, seeking to optimize the balance between a portfolio’s expected risk and return. Our analysis involves a review the following elements of an asset allocation strategy: 

-Client-specific goals and objectives; 

-Inputs regarding expected return and risk, time horizon, liquidity constraints, asset class preferences, and tax status (if applicable); and 

-The suitability of the final allocation to a client’s goals and objectives. Once a high-level asset allocation target is determined, we also assist clients in developing appropriate manager structures, analyzing various options for selecting and weighting individual managers and strategies within each asset class. 

Investment Manager Research, Selection, and Monitoring

We perform ongoing investment manager research, evaluating the broad universe of available managers via both quantitative analysis and qualitative evaluations. We perform detailed due diligence on managers prior to recommendation and on an ongoing basis once selected. Our focus is finding investment managers, strategies and vehicles that meet each client’s individual circumstances and needs. Factors considered in making this determination include not only investment performance, but also account size, assets under management, management approach, quality of investment team, risk tolerance, the investment philosophy and strategy, and associated fees.

Investment Performance Reporting and Monitoring 

We prepare a customized performance report for each client on a quarterly basis to facilitate review and ongoing monitoring of the plan. Our reports analyze total plan performance versus a policy index and compared to relevant plan sponsor peer groups, as well as individual manager performance compared to appropriate peer groups and relevant industry benchmarks. 

Education 

A key aspect of our investment advisory services involves client education. Our services generally include education for Trustees and staff, covering a wide range of topics. We seek to integrate education efforts in each deliverable we provide our clients and are also responsive to specific client requests. 

We may also provide periodic educational support and investment workshops designed for plan participants of defined contribution plan clients. 

Other Advisory Services 

We have capabilities in providing clients a number of other services, as needed and applicable, including but not limited to: 

-Defined Contribution Plan Evaluations 

-Third Party Administrator (TPA) Searches 

-Trust and Custody Evaluations 

-Cash Management Reviews 

-Transition Management Searches 

-Spending Policy Analyses 

Discretionary Advisory Services 

With respect to the investment advisory services described above, Sellwood advises client portfolios on a discretionary or non-discretionary basis. In a discretionary engagement, Sellwood is authorized to make certain investment decisions on behalf of the client, as further described in Item 16. We do not believe that “discretion” is a binary on-off condition when it comes to investment advice, and we work with clients to customize the level of discretion that best fits their needs.

Special Projects 

Clients may also receive investment advice on a more limited, special project basis. This may include assistance or advice on only an isolated area of concern, such as investment policy statement, asset allocation, defined contribution plan lineup review, or any other specific topic. 

Services in General 

As an independent investment advisory firm that has no affiliations with broker-dealers, other investment managers, solicitors or placement agents, our recommendations consider only the needs of the client. Our firm is not limited to any specific product or service offered by a broker-dealer or insurance company. Our services include advice regarding the following primary investment instruments: 

-separate account investment management relationships 

-collective investment trusts or other private commingled funds 

-private placement securities (partnership interests) 

-mutual funds, interval funds, and money market funds 

-exchange-traded funds (ETFs) 

We tailor all of our portfolio management recommendations to the individual needs of each client. All such recommendations are formulated based on information gathered through investment policy statements, electronic communications, telephone and/or in-person discussions. 

Sellwood currently advises approximately $9,669,200,000 in client assets (based on market values of client plans as of 12/31/2024). Of those assets, we have discretion over approximately $1,959,500,000.