SARATOGA RESEARCH & INVESTMENT MANAGEMENT

Advisory Business

Type of Organization	Corporation
Fiscal Year End	DECEMBER
Legal Location	California, United States

Employees

Total Number of Employees	23
Investment Advisory/Research	13
Registered Broker-Dealer Representatives	0
Registered State Investment Advisers	16
Licensed Agents of an Insurance Company	0
No. of Firms/People that Solicit Clients	0

RAUM

Provides Management of Securities Portfolios	Yes

Type	Accounts	RAUM
Discretionary	3,153	$2.7B
Non-Discretionary	54	$53.0M
Total	3,207	$2.7B

Clients

Type	Number	RAUM
Individuals	2,493	$834.2M
HNW Individuals	456	$1.1B
Banking or thrift institutions	0	$0
Investment companies	1	$220.5M
Business development companies	0	$0
Pooled investment vehicles	1	$32.1M
Pension and profit sharing plans	93	$79.3M
Charitable organizations	46	$95.3M
State or municipal gov entities	0	$0
Other investment advisers	0	$0
Insurance companies	0	$0
Sovereign wealth funds and foreign official institutions	0	$0
Corporations or other businesses	117	$387.0M
Other	0	$0

Type	Number
No. of Non-RAUM Clients	0
No. of Non-U.S. Clients	0
No. of Financial Planning Clients	1-10

Services

Advisory Services	Financial planningPortfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesSECURITIES RESEARCH
Compensation	% of AUM

Wrap Fee Program

Offers Wrap Fee Program	Yes

Acting As	RAUM
Sponsor	0
Portfolio Manager	25.9M
Both for Same	0

Portfolio Manager to Program	Sponsor
INVESTMENT MANAGEMENT SERVICES	MORGAN STANLEY
WELLS FARGO ADVISORS FINANCIAL NETWORK	WELLS FARGO CLEARING SERVICES, LLC

Identifiers

SEC RIA File Number	801-57695
SEC ERA File Number	801-57695
SEC CIK Numbers	1477872
SEC CRD Numbers	110506
Legal Entity Identifier	None

Principal Office

14471 BIG BASIN WAY, SUITE E
SARATOGA
CA
United States

Websites

Chief Compliance Officer

No. Employees, Historic

RAUM, Historic

No. Clients, Historic