Squam Lakes Investment Management, LLC

The firm provides personalized, discretionary portfolio management and ongoing financial advice to individuals, families, trusts, and business entities, with an emphasis on long-term wealth preservation and growth. It operates at a boutique scale, managing a very small number of client relationships and under $500,000 in discretionary assets, and may limit new clients to preserve service capacity.

Investment decisions are guided by straightforward fundamental analysis of companies and sectors, with a preference for equities for longer time horizons and selective use of low-cost ETFs or fixed income to address volatility and liquidity needs. The firm accepts client-imposed investment restrictions, considers tax implications when feasible (while advising clients to consult tax professionals), and normally exercises discretionary trading authority on behalf of clients.

Notable features include an owner-operated structure that follows the CFA Institute Code of Ethics, a disclosed recommendation of Charles Schwab as custodian with associated soft-dollar benefits, and a policy that permits personal and firm investments alongside client accounts while stating that client trades receive priority. The firm does not provide hourly consulting, will not accept authority to vote client proxies, and explicitly manages capacity to maintain its long-term advisory focus.