Private Asset Management Inc

Private Asset Management, Inc. provides wealth management and portfolio management services to individuals, high-net-worth clients, and charitable foundations, managing roughly $109.5 million across about 60 client relationships. Services include ongoing portfolio management (both discretionary and non-discretionary), coordination with accountants and attorneys, assistance with retirement rollovers, and occasional review of outside or illiquid investments.

The firm builds customized, diversified portfolios across seven asset classes—cash, core and other fixed income, U.S. large cap, U.S. small/mid cap, foreign stocks, and real estate—primarily using mutual funds and ETFs, and documents plans with a Wealth Strategy Summary and an Investment Policy Report. Private Asset performs ongoing monitoring with at least annual fund reviews, provides quarterly bound reports and a market overview letter to clients, and is transitioning from historically non-discretionary relationships toward primarily discretionary authority while still accepting client-imposed restrictions.

Distinctive disclosures include the firm’s regular bound quarterly reporting and market commentary (a firm-produced periodical), continued management of a material portion of assets on a non-discretionary basis alongside discretionary accounts, and availability of hourly investment consultations for assets managed away from the firm. The brochure also discloses that the firm owner may take ownership stakes in single-property real estate management entities and that pooled real estate investments recommended to clients can involve a material financial interest, conflicts the firm says it reviews for client suitability.