Colorado Springs, CO Office

Colmina is an SEC-registered investment adviser that provides discretionary portfolio management and financial planning to individuals, trusts, estates, corporations, and other entities. The firm’s small team manages approximately $140 million in discretionary assets for roughly 200 clients and delivers planning through fixed-fee and ongoing-retainer arrangements as well as portfolio advisory agreements.

The firm employs active, passive, and hybrid strategies across equity income, equity growth, tax-efficient, fixed income, balanced, and tailored allocations, using fundamental, technical, quantitative, and qualitative analysis. Portfolios are managed on a discretionary basis and financial plans are customized to each client’s circumstances, with ongoing engagements and at least annual reviews; clients may impose reasonable investment restrictions.

Noteworthy aspects of Colmina’s practice include its explicit disclosure and documentation around recommending rollovers from employer retirement plans, including acknowledgment of fiduciary obligations under DOL PTE 2020-02, which creates a potential conflict of interest when rollovers are recommended. The firm also limits managed accounts to custodians with which it maintains relationships (LPL and Schwab) and discloses receipt of economic benefits from those custodians, permits certain representatives to sell insurance products and receive commissions in that separate capacity, and does not accept proxy-voting authority for client securities.