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Sandstone Asset Management Inc.: investment adviser
Sandstone Asset Management Inc. is an investment adviser registered with the SEC (file 801-71037, CRD 152742). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $330.7M
- Discretionary
- 100%
- Accounts
- 129
- Employees
- 10
- In advisory roles
- 4
- Disclosures
- 0
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports no custody of client cash or securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| High net worth individuals | 106 | $290.2M | 87.8% |
| Charities | 3 | $22.9M | 6.9% |
| Corporations | 15 | $14.6M | 4.4% |
| Other: Trusts | 5 | $3.0M | 0.9% |
How it is paid
- A percentage of assets under your management
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 than registered investment companies and other pooled investment vehicles)
- Selection of other advisers (including private fund managers)
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| Sharon Elizabeth Watkins | Person | CEO & CCO | D 50% to 75% | Jun 2004 | Yes | |
| Brent Donald Pickerl | Person | President | C 25% to 50% | Aug 2013 | Yes | |
| Niomi Niki Dunne | Person | Portfolio manager | A 5% to 10% | Apr 2018 |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
The firm answered No to every disciplinary question on Form ADV (Item 11).
The brochure
This firm is not required to deliver a Part 2 brochure (for example, because it advises only registered funds).
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.