Gambit Capital Management, LLC logo

Gambit Capital Management, LLC

Updated today

Client AUM

$165,373,205

Clients

107

Advisors

7

across 5 offices

About

Gambit Capital Management serves individual and high‑net‑worth clients, including accredited investors and employer‑sponsored retirement plans, by providing discretionary portfolio management alongside services such as financial planning, financial coaching, tax preparation, employee benefit plan advisory, and outsourced CIO consulting. The firm manages accounts both directly and via third‑party managers and platforms, and works with clients on investment policy, prior investment history, and family or business considerations.

Gambit describes a long‑term investment philosophy grounded in fundamental and cyclical analysis, employing asset allocation, asset‑and‑liability matching, and options strategies that are tailored to each client and implemented through direct trading, outside managers, or the Betterment Institutional platform. Portfolios may include ETFs, individual equity and debt securities, mutual funds, derivatives, commodities, and—when suitable for accredited clients—private placements, with the firm monitoring suitability and ongoing risk.

What distinguishes Gambit from many peers is its explicit use of derivatives and options within client portfolios and its disclosures about monitoring leverage and related risks, signaling that certain separately managed accounts may employ derivative positions and borrowing or leverage. The firm also combines an automated Betterment Institutional implementation with human coaching, offers CIO consulting to other advisers, and maintains affiliations with two insurance entities, arrangements the brochure notes can create potential conflicts of interest.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers Outsource cio consulting

Expertise

Business ownership considerations Entity structure planning (LLC, S-Corp) Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses

Occupation focus

Founder/Business Owner

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Fee options

Fixed

Outsource CIO Consulting: $1,000 per month, negotiable; Tax Preparation Services: $500-$2,500 flat fee; Financial Coaching initial consultation: $300, ongoing monthly fee: $60 per month.

Percentage

$0 - $3,000,000: 1.00% annually >$3,000,000+: 0.25% annually First $20 million (Outside Managers)+: 0.25% annually Next $30 million (Outside Managers)+: 0.20% annually Assets over $50 million (Outside Managers)+: 0.18% annually

Subscriptions

Financial Coaching ongoing monthly fee of $60 per month, negotiable.

Other

Account minimum: $750,000 Minimum fee: Minimum fee of $1,500 per account per year for outside manager accounts.

Main office

See office

Nashville TN

Advisors at this office

2

Most active in

Arizona · Minnesota · North Dakota · South Dakota · Tennessee · Texas · Wisconsin

Also doing business as

Gambit Capital Management, LLC · Still Water Wealth Management

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Anthony R

ChFC®

Woodbury, MN

Gambit Capital Management, LLC

Anthony Ressie is a ChFC® credentialed advisor with Gambit Capital Management, LLC in Woodbury, MN, where he has worked since 2025. He has 15 years of experience at the Department of Veteran Affairs, where he oversees a team involved in loan servicing and provides training and counseling related to veteran borrower assistance. Gambit Capital Management serves individual and high-net-worth clients, including accredited investors and employer-sponsored retirement plans, offering discretionary portfolio management alongside financial planning, coaching, tax preparation, and CIO consulting. The firm applies a long-term investment philosophy using fundamental and cyclical analysis with strategies that include derivatives and options tailored to each client's needs.

Business ownership considerations Entity structure planning (LLC, S-Corp) Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Founder/Business Owner
user avatar

Matthew M

Series 63, Series 65, Series 66

Stillwater, MN

Gambit Capital Management, LLC

Matthew Mattheisen is a financial advisor at Gambit Capital Management, LLC with 21 years of industry experience. He holds Series 63, Series 65, and Series 66 licenses and previously worked at Focus Financial Network, Inc., Osaic Wealth, Inc., and Charles Schwab & Co., Inc. Outside of advising, he is the author of a book on career growth and mentoring and is the founder of Decoder Universe, a platform he maintains related to code and apps. Gambit Capital Management serves individual and high-net-worth clients, including accredited investors and employer-sponsored retirement plans, by providing discretionary portfolio management alongside financial planning, coaching, tax preparation, and outsourced CIO consulting. The firm employs a long-term investment approach that incorporates fundamental and cyclical analysis, asset allocation, and options strategies tailored to each client, with portfolios potentially including derivatives and private placements.

Business ownership considerations Entity structure planning (LLC, S-Corp) Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Founder/Business Owner
user avatar

Tyler S

CFP®, Series 63, Series 65

Woodbury, MN

Gambit Capital Management, LLC

Tyler Schelhaas is a financial advisor at Gambit Capital Management, LLC with 20 years of industry experience. He holds the CFP® designation along with Series 63 and Series 65 licenses. Tyler has worked at Gambit Capital Management since 2024 and previously was affiliated with Sns Financial Group, LLC and Spronk Brothers III LLP, where he also serves as a risk manager for a hog and row crop operation. Gambit Capital Management serves individual and high-net-worth clients, including accredited investors and employer-sponsored retirement plans, by providing discretionary portfolio management and related services such as financial planning, tax preparation, and outsourced CIO consulting. The firm employs a long-term investment approach that incorporates fundamental and cyclical analysis and uses derivatives and options strategies tailored to client needs.

Business ownership considerations Entity structure planning (LLC, S-Corp) Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Founder/Business Owner
user avatar

Aron F

Series 66

Nashville, TN

Gambit Capital Management, LLC

Aron Frank is a financial advisor at Gambit Capital Management, LLC in Nashville, TN, holding a Series 66 designation with four years of industry experience. His prior work includes roles at Woodbury Financial Services and Ameriprise Financial Services, as well as a year at Menasha Packaging Company. Gambit Capital Management serves individual and high-net-worth clients, including accredited investors and employer-sponsored retirement plans, through discretionary portfolio management, financial planning, coaching, tax preparation, and outsourced CIO consulting. The firm employs a long-term investment approach using fundamental and cyclical analysis, asset allocation, and options strategies, with portfolios that may include derivatives and private placements tailored to client needs.

Business ownership considerations Entity structure planning (LLC, S-Corp) Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Founder/Business Owner
user avatar

Peter E

Series 63, Series 65

Phoenix, AZ

Gambit Capital Management, LLC

Peter Earp is a financial advisor at Gambit Capital Management, LLC in Phoenix, AZ, with 21 years of industry experience. He holds Series 63 and Series 65 licenses. Prior to joining Gambit Capital Management in 2023, he worked at American Family Insurance and Charles Schwab. Gambit Capital Management serves individual and high-net-worth clients, including accredited investors and employer-sponsored retirement plans, offering discretionary portfolio management alongside financial planning, coaching, tax preparation, employee benefit plan advisory, and outsourced CIO consulting. The firm employs a long-term investment philosophy that incorporates fundamental and cyclical analysis, asset allocation, and options strategies tailored to each client, utilizing direct trading, outside managers, or the Betterment Institutional platform.

Business ownership considerations Entity structure planning (LLC, S-Corp) Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Founder/Business Owner
user avatar

Daniel P

CFA®, Series 65

Nashville, TN

Gambit Capital Management, LLC

Daniel Powers is a CFA® charterholder with 15 years of industry experience. He is currently a financial advisor at Gambit Capital Management, LLC, where he has worked since 2022. Prior to that, he held advisory roles at SNS Financial Group, LLC and its affiliate, Vector Wealth Management, from 2011 through 2022. Outside of his advisory work, Powers is a corporate financial analyst for an agricultural operation and an investor in venture capital entities. Gambit Capital Management serves individual and high-net-worth clients, including accredited investors and employer-sponsored retirement plans, providing discretionary portfolio management alongside financial planning, coaching, tax preparation, and outsourced CIO consulting. The firm employs a long-term investment philosophy that incorporates fundamental and cyclical analysis, asset allocation, and options strategies tailored to each client, with portfolios that may include derivatives and private placements.

Business ownership considerations Entity structure planning (LLC, S-Corp) Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Founder/Business Owner
user avatar

Todd S

Series 63, Series 65

Woodbury, MN

Gambit Capital Management, LLC

Todd Stueve is a financial advisor at Gambit Capital Management, LLC with 14 years of industry experience. He holds Series 63 and Series 65 licenses and has previously worked at Erickson PHAE and SNS Financial Group. Outside of advisory work, he is employed as the general manager and controller at Erickson Plumbing, Heating & Electrical, a plumbing, HVAC, and electrical contractor. Gambit Capital Management serves individual and high-net-worth clients, including accredited investors and retirement plans, through discretionary portfolio management and additional services such as financial planning and outsourced CIO consulting. The firm employs a long-term investment approach using fundamental and cyclical analysis, asset allocation, and options strategies tailored to client needs.

Business ownership considerations Entity structure planning (LLC, S-Corp) Retirement plans for business owners (SEP, solo 401k) Tax strategies for small businesses Founder/Business Owner
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