Blackbear Capital, LLC

Blackbear Capital provides ongoing investment management and complementary financial consulting to a mix of individual clients — including high net worth individuals — as well as charities and governmental entities. The firm’s two-advisor team manages roughly $37.7 million in client assets and serves about 178 accounts, delivering managed portfolios and periodic monitoring under written investment management agreements.

The firm generally manages accounts on a discretionary basis and implements portfolios through asset allocation, fundamental, quantitative and qualitative analysis, and manager selection that typically uses mutual funds, ETFs and alternative strategies. Clients receive ongoing rebalancing and periodic reviews, with monthly custodial reporting and quarterly financial plan updates offered as a bundled service.

A few features distinguish Blackbear Capital from many peers: it expressly serves state and municipal government clients, a client type the firm notes in its brochure, and one managing member is a licensed insurance agent who may offer annuities, life, health and long‑term care products and receive commissions or agency overrides (an activity the brochure says involves five percent or less of his time). The firm also discloses the potential incentive to recommend rollovers from employer plans into IRAs and the related economic considerations, and it has written policies to disclose and manage those conflicts.