Wilson, WY Office

Elm Partners Management LLC (doing business as Elm Wealth) manages roughly $3.02 billion in discretionary assets and provides investment advisory services to a mix of clients, including pooled investment vehicles, an exchange-traded fund (the Elm Market Navigator ETF), private/offshore funds and individual and high-net-worth investors. The firm serves as adviser to the ETF, as a sub-advisor to an insurance-dedicated fund, manages two offshore private funds not available to U.S. investors, and also offers separately managed accounts and a lifetime investing and spending analysis service.

Elm follows a rules-based, dynamic asset-allocation process that starts from a Baseline Portfolio of fifteen asset categories, evaluates valuation and momentum signals roughly every seven days, and rebalances toward target allocations on a monthly basis using low-cost mutual funds and ETFs. Portfolios are managed in a tax-aware (but not tax-optimized) fashion, can exhibit relatively high turnover, and the Funds may employ leverage and therefore have the potential for greater tracking error versus static baselines.

What is distinctive about Elm compared to many peers is the breadth of vehicle types it manages and advises—combining an ETF advisory role, pooled and private fund management, and sub-advisory arrangements alongside bespoke managed accounts and planning tools. The firm has disclosed two SEC settlement events (a 2018 matter related to Form PF filings and a 2023 matter concerning hypothetical performance under the Marketing Rule) and has reported policy and disclosure updates in response.