AVA Wealth Management LLC

The firm provides discretionary investment management and consulting to individuals, high-net-worth individuals, trusts and small businesses, operating on a fee basis tied to assets under management. It serves a limited client base through separately managed accounts and reports overseeing roughly $64.6 million for about 35 clients.

The firm’s investment approach centers on concentrated portfolios of exchange-listed and over-the-counter equities, with supplemental exposure to corporate, municipal and U.S. government bonds and publicly traded limited partnerships; certain accounts also use mutual funds or ETFs for targeted exposure. It also implements listed options and other derivatives within separately managed accounts, a practice that is less common among independent advisors.

Distinctive operational features include a relatively small, single-advisor structure with a stated account minimum that historically has not been strictly enforced and a reliance on the principal’s ongoing role such that the firm may notify clients and consider ceasing operations if that person becomes unavailable. The firm recommends a major institutional custodian and participates in its institutional services program, and it generally does not vote client proxies except in limited circumstances.