Randall P Martin

The firm provides discretionary portfolio management to individual clients through separately managed accounts and a privately offered 3(c)(1) fund. Current clients are all individuals; the brochure discloses a $2 million minimum for separate accounts and a $1 million minimum for the private fund.

The investment approach combines fundamental analysis, trend-following, and tactical allocation changes, with an emphasis on quality securities, occasional exposure to Asian equities, high-quality short-duration bonds when rates are low, unleveraged commodity ETFs, and occasional currency ETFs. Turnover is generally low with a tendency toward long-term capital gains; separate accounts are tailored using a client safety questionnaire (including adding short-term bonds), whereas the private fund’s investments are not individualized.

Noteworthy aspects compared with peers include sponsoring and advising a 3(c)(1) private fund—seeded with $1 million of the adviser’s own capital—and being deemed to have custody of that fund’s assets held at Charles Schwab, arrangements that are uncommon among solo independent advisers. The firm discloses use of Schwab Institutional services, places client trades before personal trades, and does not sell insurance or other packaged financial products.