Patrick J. Keating Investment Management, LLC

The firm provides discretionary portfolio management to individuals, high-net-worth clients, and trusts, structuring portfolios into a Safe component for near-term cash needs and a Growth component for longer-term objectives. Although many firms in this adviser category primarily manage pooled or institutional assets, this firm’s client base consists of a small number of individual and high-net-worth relationships and it reports managing approximately $1.8 million for two clients.

The firm’s investment approach splits assets into a Safe sleeve focused on high-quality fixed-income and cash-like instruments and a Growth sleeve implemented largely through broadly diversified ETFs across global equities and alternative growth assets. Investment decisions draw on both fundamental and technical analysis, and accounts are typically managed on a discretionary basis with the flexibility to hold cash or hedged positions when a defensive posture is warranted.

Distinctive features include a concentrated operating model as a single-owner, single-employee advisory practice and an explicit emphasis on market-level analysis rather than company-specific security selection to limit company-specific risk. The firm also disclosed a 2016 consent order with the state regulator related to a late ADV filing and an inadvertently listed lapsed certification; the firm reports no client harm and treated the administrative settlement as a business decision, a regulatory disclosure that is relatively uncommon among peers.