-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 Xk4f9RdkxbZVUMe2xCUk8w==

<SEC-DOCUMENT>0001486066-10-000002.txt : 20100303
<SEC-HEADER>0001486066-10-000002.hdr.sgml : 20100303
<ACCEPTANCE-DATETIME>20100303122107
ACCESSION NUMBER:		0001486066-10-000002
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100303
DATE AS OF CHANGE:		20100303
EFFECTIVENESS DATE:		20100303

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sawtooth Asset Management, Inc.
		CENTRAL INDEX KEY:			0001486066
		IRS NUMBER:				264799348
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-139207
		FILM NUMBER:		10652230

	BUSINESS ADDRESS:	
		STREET 1:		7400 METRO BOULEVARD
		STREET 2:		SUITE 219
		CITY:			EDINA
		STATE:			MN
		ZIP:			55439
		BUSINESS PHONE:		952-831-0039

	MAIL ADDRESS:	
		STREET 1:		7400 METRO BOULEVARD
		STREET 2:		SUITE 219
		CITY:			EDINA
		STATE:			MN
		ZIP:			55439
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001486066</cik>
        <entityName>Sawtooth Asset Management, Inc.</entityName>
        <issuerAddress>
            <street1>7400 METRO BOULEVARD</street1>
            <street2>SUITE 219</street2>
            <city>EDINA</city>
            <stateOrCountry>MN</stateOrCountry>
            <zipCode>55439</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>952-831-0039</issuerPhoneNumber>
        <jurisdictionOfInc>MINNESOTA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bradley</firstName>
                <middleName>Earl</middleName>
                <lastName>Pries</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2224 Manuela Drive</street1>
                <city>Chaska</city>
                <stateOrCountry>MN</stateOrCountry>
                <zipCode>55318</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Investing</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1 - $1,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-05-15</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isDebtType>true</isDebtType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>25000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>N/A</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>N/A</street1>
                    <city>N/A</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <zipCode>55439</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>MN</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>750000</totalOfferingAmount>
            <totalAmountSold>225000</totalAmountSold>
            <totalRemaining>525000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>3</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Company is not employing any sales agents.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>50000</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Capital to be used for operating, slaes and marketing expenses for Sawtooth's investment services.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Sawtooth Asset Management, Inc.</issuerName>
                <signatureName>Bradley E. Pries</signatureName>
                <nameOfSigner>Brad Pries</nameOfSigner>
                <signatureTitle>President</signatureTitle>
                <signatureDate>2010-03-03</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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