Lawrence, Alan

The firm is a state-registered, single-adviser investment adviser that provides portfolio management and advice to individuals, individual retirement plans, business entities, trusts and estates, and — less commonly for a solo independent adviser — to pension and profit-sharing plans. Client assets are held with independent custodians and accounts can be managed on either a discretionary or non-discretionary basis.

Investment decisions are driven primarily by fundamental analysis with a pronounced macroeconomic orientation (money supply, general price level, employment metrics) and stock selection that can include discounted cash-flow valuation; technical analysis is used mainly for trade timing. Portfolios can include a broad mix of securities — equities, bonds, ETFs, options, futures and real-estate related instruments — and the firm draws on public data sources such as FRED and BLS for research.

Compared with peers, the firm manages a relatively small number of client relationships with about $26 million in regulatory AUM and does not serve lower-net-worth individual clients, suggesting a focus on higher-net-worth or institutional relationships. Operationally it avoids performance-based fees and soft-dollar arrangements, excludes client participation in the adviser’s personal real-estate investments, and relies on client-selected custodians for reporting and statements.