Rockledge Partners, LLC

Rockledge Partners provides discretionary investment management to individuals, partnerships, corporations, trusts and non-profit organizations, and the firm also accepts institutional accounts. The firm generally requires a $500,000 account minimum and states it does not provide non‑discretionary advisory services, which shapes a client mix oriented toward high‑net‑worth individuals and institutional mandates.

The firm’s investment approach is value‑oriented, emphasizing bottom‑up fundamental research, a long‑term horizon, and preference for issuers where management acts like owner‑operators; equity selection focuses on disparities between price and intrinsic business value, while fixed‑income selection is generally limited to investment‑grade securities with an emphasis on income and capital preservation. Research relies primarily on Rockledge’s internal analysis and direct contact with corporate management, and portfolio decisions are made on a discretionary basis in accordance with client mandates.

Compared with many independent advisers, Rockledge’s acceptance of institutional clients is a notable divergence from peers, and the firm discloses operational practices tied to institutional arrangements such as quarterly installment billing for certain accounts. The brochure also notes that Rockledge does not receive soft‑dollar research benefits and maintains written proxy‑voting procedures that typically weigh management recommendations but may oppose management when conflicts with shareholder interests are identified.