Yellowstone Investment Planners, Inc.

Yellowstone Investment Planners is an independent, single‑advisor investment advisory firm that provides discretionary and predominantly non‑discretionary portfolio management to individuals, trusts, and estates and charges fees based on a percentage of assets under management. The firm does not provide formal financial planning; instead it tailors investment advice through discussions of financial goals, risk tolerance, and selected model asset allocations.

The firm typically manages accounts on a non‑discretionary basis, contacting clients for authorization before trades and using that process as a teaching tool, though it will take discretionary authority in limited cases. Investment selection is driven by chosen asset‑allocation models and fundamental research across equities, fixed income, mutual funds and selective alternative vehicles, including real estate and oil & gas limited partnerships, with attention to credit quality, cash flow and macroeconomic factors.

Distinctive features include the firm’s emphasis on client‑approved trading (the primarily non‑discretionary model) and its willingness to include non‑traditional partnership interests in client portfolios, which is less common among peers. The firm also recommends a single institutional custodian and currently leverages that custodian’s institutional support services because client assets at that custodian exceed the threshold for those services, a structural relationship that the brochure discloses as part of its brokerage selection rationale.