Asset manager · Watertown, SD
Hi-Line Capital Management, LLC
SEC-registered investment adviser · CRD 149522 · SEC 801-87167
At a glance
Hi-Line Capital Management, LLC is an SEC-registered investment adviser based in Watertown, South Dakota, with $757 million in regulatory assets under management as of its Form ADV filed April 21, 2026. Its largest client group by assets is charitable organizations, and it reports 117 individual clients. By Form ADV it is a asset manager, ranked 1,495th of 3,218 asset managers and 6,291st of 17,210 SEC-registered advisers by assets.
Main office 605-878-0897hi-linecapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $757M
- Rank among asset managers
- #1,495 of 3,218
- Rank among all SEC RIAs
- #6,291 of 17,210
- Rank in South Dakota
- #4 of 14
- Individual clients
- 117
- High-net-worth clients
- 33
- Accounts
- 225
- Discretionary
- 96% of AUM
- Employees
- 5
- Advisory staff
- 2
- Offices
- 1
Owners and executives on its Form ADV
- Michael E. AndersonMember, President, and Chief Investment Officer
- Matthew T. RobyVice President, Chief Compliance Officer, General Counsel
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Charitable organizations | 11 | $685M | 91% |
| High-net-worth individuals | 33 | $41M | 5% |
| Other investment advisers | – | $23M | 3% |
| Individuals | 84 | $6M | <1% |
| Corporations or other businesses | – | $2M | <1% |
Disciplinary disclosures
Hi-Line Capital Management, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗hi-linecapital.com ↗
AtlasMembers
The full record on Hi-Line Capital Management, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,018 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Hi-Line Capital Management, LLC manage?
Hi-Line Capital Management, LLC reports $757 million in regulatory assets under management across 225 accounts, 96% of it on a discretionary basis, on its Form ADV filed April 21, 2026.
What kind of firm is Hi-Line Capital Management, LLC?
Hi-Line Capital Management, LLC is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Hi-Line Capital Management, LLC’s clients?
By assets, its largest client types are charitable organizations ($685 million, 11 clients); high-net-worth individuals ($41 million, 33 clients); other investment advisers ($23 million).
Does Hi-Line Capital Management, LLC have any disciplinary history?
Hi-Line Capital Management, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Hi-Line Capital Management, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-04-21), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →