Palm Beach, FL Office

Dudley & Shanley provides discretionary portfolio management primarily to high net worth individuals, trusts, estates and charitable institutions and also manages three privately offered pooled investment vehicles organized as limited partnership/LLC structures. The firm additionally provides a limited non‑discretionary advisory and oversight service for a separate client relationship in which it does not implement trades.

The firm’s stated objective is long‑term capital appreciation with preservation of capital, achieved primarily through fundamental, in‑house research with an investment horizon generally around two years and diversified exposure to domestic and international equities, convertible securities, options, ETFs and, to a lesser extent, fixed income. Dudley & Shanley manages separately‑managed accounts on a discretionary basis while tailoring portfolio constraints to client objectives, and it may allocate client capital to outside hedge funds, venture capital or private equity vehicles when those investments complement its strategy.

What is notable in the brochure is that the firm also acts as sponsor, general partner or manager of the three private Funds it advises, including one vehicle limited to family members of the firm’s founders, and therefore holds ownership interests in those Funds; the firm discloses potential conflicts arising from these relationships and describes how fund investments generally overlap with separately‑managed account holdings, while two Funds retain some less liquid, privately‑offered positions. The firm reports approximately $747 million in discretionary assets under management across funds and accounts, a relatively large asset base for a small advisory team, and the Funds are audited annually with the firm deemed to have custody of Fund assets under the Custody Rule.