Schulmerich & Associates Asset Management, LLC

The firm provides discretionary asset management to individuals, high‑net‑worth clients, trusts, estates, charitable organizations and corporate entities, and also acts as either a 3(21) or 3(38) fiduciary for qualified retirement plans (e.g., 401(k), 403(b), pension and profit‑sharing plans). Client relationships are documented through investment policy statements and may include tailored restrictions and participant education for plan sponsors and employees.

The investment approach emphasizes Modern Portfolio Theory, with a focus on strategic asset allocation, diversification, and the use of broadly diversified passive/index funds alongside fundamental analysis for security selection. Portfolios are reviewed at least quarterly, with IPS‑driven rebalancing and periodic tax‑aware reviews rather than market‑timing, and the firm documents objectives, time horizon and risk tolerance for each client.

Distinctive features disclosed in the brochure include regulatory disclosure events: the firm and its management entered into a 2025 consent order with a state regulator for rendering advice from that state without registration (resulting in an administrative fine) and an earlier cease‑and‑desist matter in 1992 related to recordkeeping. The firm also discloses affiliated insurance activity — advisory personnel receive commissions for insurance sales — and manages roughly $153 million for about 200 clients while operating with a compact staff, which may influence how conflicts and client service are handled.