Cronkhite Wealth Strategies

Cronkhite Wealth Strategies is a small, independent advisory firm that serves individuals, corporations and retirement plans, including pension and profit‑sharing plans. The firm offers non‑discretionary asset management, financial planning and ERISA 3(21) plan advisory services, and also makes insurance products available through the advisor’s separate insurance activities.

The firm typically recommends securities and asset allocations but obtains client approval before executing trades, and it frequently operates as a co‑advisor to a third‑party manager that implements model portfolios and executes discretionary trading. Its investment process emphasizes asset allocation and periodic rebalancing informed by modern portfolio/efficient‑market principles, while also using fundamental, technical, charting and cyclical analysis and access to mutual fund families (including DFA) via the co‑advisor relationship.

Notable distinctions include a client base and assets that are primarily managed on a non‑discretionary basis (about $10.9M reported), and a practice that explicitly serves pension and profit‑sharing plans—both arrangements that are less common among peer independent firms. The advisor’s licensed insurance activity and the co‑advisor structure (which provides access to funds not typically available to small investors) are disclosed features that create potential conflicts of interest and are addressed in the firm’s policies.