Wealth manager, independent · Saratoga, CA
Saratoga Research & Investment Management
SEC-registered investment adviser · CRD 110506 · SEC 801-57695
At a glance
Saratoga Research & Investment Management is an SEC-registered investment adviser based in Saratoga, California, with $2.5B in regulatory assets under management as of its Form ADV filed April 6, 2026. It reports 2,554 individual clients, 451 of them high-net-worth, holding an average of about $0.7 million each, and 21 employees. That ranks it 449th among the nation’s 5,657 independent wealth management RIAs and 56th of 714 in California. It reports 3 custodians for its clients’ separately managed accounts: Charles Schwab, Fidelity and Finemark.
Main office 408-741-2330saratogarim.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.5B
- Rank among independent wealth managers
- #449 of 5,657
- Rank among all SEC RIAs
- #3,166 of 17,210
- Rank in California
- #56 of 714
- Individual clients
- 2,554
- High-net-worth clients
- 451
- Accounts
- 2,740
- Discretionary
- 98% of AUM
- Employees
- 21
- Advisory staff
- 12
- Offices
- 5
Owners and executives on its Form ADV
- Kevin P. TannerChief Executive Officer/chief Investment Officer
- Marc C. CrosbyPresident
- Travis O. HansonChief Financial Officer
- Madeline E. HedgesChief Compliance Officer
- James H. TannerDirector of Operations
- Philip A. SpencerDirector of Research
Custody and brokerage
Broker-dealer
No broker-dealer ties
Saratoga Research & Investment Management reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 451 | $1.2B | 46% |
| Individuals | 2,103 | $748M | 30% |
| Corporations or other businesses | 90 | $310M | 12% |
| Investment companies | 1 | $174M | 7% |
| Charitable organizations | 31 | $58M | 2% |
| Pension and profit sharing plans | 64 | $58M | 2% |
Disciplinary disclosures
Saratoga Research & Investment Management 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 investment companies
- Portfolio management for pooled investment vehicles
- Other services
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗saratogarim.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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- 6 namedLocked
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| A16z Perennial Management, L.P.Menlo Park | $2.8B | 56 |
| Osborne PartnersSAN Francisco | $2.7B | 704 |
| Validus Capital LLCEL Segundo | $2.5B | 176 |
| Wealth Architects, LLCMountain View | $2.4B | 433 |
| Sentry Advisors, LLCSAN Francisco | $2.4B | 148 |
| Check Capital Management IncCosta Mesa | $2.4B | 1,192 |
Background
Questions
How much does Saratoga Research & Investment Management manage?
Saratoga Research & Investment Management reports $2.5B in regulatory assets under management across 2,740 accounts, 98% of it on a discretionary basis, on its Form ADV filed April 6, 2026.
How many clients does Saratoga Research & Investment Management have?
It reports 2,554 individual clients: 451 high-net-worth individuals and 2,103 other individuals. Individuals account for about 76% of its regulatory assets.
Where is Saratoga Research & Investment Management headquartered?
Its main office is in Saratoga, California. It reports 5 offices in total and 21 employees, 12 of whom perform investment advisory functions.
How does Saratoga Research & Investment Management charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Saratoga Research & Investment Management use?
It reports 3 custodians for its clients’ separately managed accounts: Charles Schwab, Fidelity and Finemark. On Schedule D of its Form ADV filed April 6, 2026, it reports these amounts held: Charles Schwab ($1.4B); Fidelity ($527M); Finemark ($271M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Saratoga Research & Investment Management a hybrid RIA with a broker-dealer?
Saratoga Research & Investment Management reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Saratoga Research & Investment Management a fiduciary?
As an SEC-registered investment adviser, Saratoga Research & Investment Management owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Saratoga Research & Investment Management’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 (2026-04-06), 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). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. 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 →