Scarecrow Advisors, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Scarecrow Advisors, LLC is a state-registered investment adviser that provides discretionary investment supervisory services to individual and institutional clients, including the development of individualized investment policy statements, asset allocation, asset selection, and ongoing portfolio monitoring. The firm reports approximately $74 million in discretionary assets under management and typically applies a minimum account guideline that the firm may waive in certain circumstances.
The firm uses a mix of fundamental, technical and cyclical analysis and applies both strategic and tactical asset-allocation approaches to match portfolios to clients’ goals and risk tolerances. Depending on client objectives, Scarecrow Advisors may employ shorter-term trading, hedging with short sales or inverse funds, margin, and limited options strategies (covered options and spreads), and it provides periodic reviews of client accounts at least annually.
Scarecrow Advisors is affiliated with a separate trading-signal business that provides signals to other registered advisers and shares key personnel with the advisory firm; the brochure discloses this relationship and describes measures to mitigate potential conflicts of interest. The firm also discloses several operational choices that differ from many peers — it does not participate in wrap fee programs, does not accept proxy‑voting authority, and states it does not accept performance‑based fees.
Client services
Expertise
Fee options
2.5% annually, charged monthly at 0.2083% per month
Account minimum: $50,000.00 (may be waived at firm discretion)
Main office
See office4815 123rd Street, West
Savage MN 55378
Advisors at this office
3
Offices (3)
Most active in
Alaska · California · Colorado · Minnesota · North Carolina · Texas
Also doing business as
Scarecrow Advisors · Scarecrow Advisors, LLC · Scarecrow Management, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
Advisors at this firm
Spencer W
Series 65
Denver, CO
Scarecrow Advisors, LLC
Spencer Walls is a financial advisor at Scarecrow Advisors, LLC in Denver, CO, holding a Series 65 designation with four years of industry experience. Prior to joining Scarecrow Advisors, he worked at Zumiez for eight years. Scarecrow Advisors, LLC serves individual and institutional clients by providing discretionary investment supervisory services, including developing investment policy statements, asset allocation, and ongoing portfolio monitoring. The firm employs a combination of fundamental, technical, and cyclical analysis with both strategic and tactical asset-allocation approaches tailored to client goals and risk tolerances.
Leonard F
Series 65
Savage, MN
Scarecrow Advisors, LLC
Leonard Fox Jr is an investment advisor at Scarecrow Advisors, LLC, with 12 years of industry experience. He holds a Series 65 designation and has worked at Scarecrow Advisors since 2020. Outside of his advisory role, he provides a newsletter and trading signals to registered investment advisers and representatives. Scarecrow Advisors, LLC offers discretionary investment supervisory services to individual and institutional clients, focusing on customized investment policy statements, asset allocation, and portfolio monitoring. The firm uses fundamental, technical, and cyclical analysis with both strategic and tactical asset-allocation strategies, employing various trading and hedging techniques based on client objectives.
Kirk H
Series 65
Hudson, CO
Scarecrow Advisors, LLC
Kirk Hemingway is a financial advisor at Scarecrow Advisors, LLC with two years of industry experience. He holds a Series 65 designation and previously worked at Hunter Douglas for 13 years. Outside of advising, he serves as Director of Operations for Scarecrow Trading, LLC, a signal providing entity. Scarecrow Advisors, LLC is a state-registered investment adviser serving individual and institutional clients with discretionary investment supervisory services. The firm employs a mix of fundamental, technical, and cyclical analysis along with both strategic and tactical asset allocation to align portfolios with client goals and risk tolerances.
Benjamin F
Series 65
Savage, MN
Scarecrow Advisors, LLC
Benjamin Fox is a financial advisor with Scarecrow Advisors, LLC who holds a Series 65 designation and has 10 years of industry experience. He has worked at Scarecrow Advisors since 2020 and previously at Strategic Income Advisors and as an insurance agent. In addition to his advisory role, Mr. Fox serves as Vice President of Scarecrow Trading Inc., a business that provides trading signals to registered investment advisers and representatives. Scarecrow Advisors, LLC is a state-registered investment adviser serving individual and institutional clients with discretionary investment supervisory services. The firm employs a combination of fundamental, technical, and cyclical analysis and uses both strategic and tactical asset allocation to align portfolios with client goals and risk tolerance.
Maxwell F
Series 65
Savage, MN
Scarecrow Advisors, LLC
Maxwell Fox is a financial advisor with Scarecrow Advisors, LLC, holding a Series 65 designation and two years of industry experience. He also serves as a project manager for Scarecrow Trading, LLC, where he oversees marketing and data sourcing projects. Scarecrow Advisors, LLC provides discretionary investment supervisory services to individual and institutional clients, using a combination of fundamental, technical, and cyclical analysis alongside strategic and tactical asset allocation to align portfolios with client goals and risk tolerances. The firm manages approximately $74 million in discretionary assets and employs a variety of trading strategies as appropriate.
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