Boltwood Capital Management

Boltwood Capital Management is an employee‑owned, SEC‑registered investment adviser that provides discretionary portfolio management and financial planning to individuals, families, estates, foundations, endowments and other institutional clients. The firm manages client accounts under individualized Investment Policy Statements and oversees roughly 225 client relationships with just over $502 million in assets under management.

BCM follows a long‑term, team‑based investment process that establishes a strategic allocation between “risk” (equities, real estate, high‑yield) and “risk‑control” (investment‑grade fixed income, cash) assets, targeting multi‑year holding periods and periodic rebalancing. The brochure describes use of diversified vehicles such as ETFs, mutual funds and convertible bonds as substitutes when appropriate, notes the firm does not use margin, and discloses that derivatives may be employed in separately managed accounts while discussing related debt‑derivative risks.

Distinctive aspects include its compact ownership and management structure—two employee‑owners overseeing more than $500 million in client assets—which is uncommon for firms at this scale. The firm also provides financial planning to investment clients at no additional cost, offers limited 401(k) consulting for plan sponsors without managing held‑away plan assets, and explicitly acknowledges the potential use of derivatives in separate accounts, a capability relatively rare among comparable team advisers.