Shimkus, Peter E

The firm provides fee-based investment advisory and portfolio management services primarily to individuals and families, and also manages custodial accounts, trusts and estates. It oversees discretionary client accounts and generally works with clients who meet a stated account minimum, serving a small client base with approximately $26 million in assets under management.

The adviser pursues long-term asset allocation using primarily no-load mutual funds and exchange-traded securities, tailoring allocations to each client’s objectives and tax situation and employing both active and passive techniques for after-tax return. Accounts are reviewed regularly and the firm may recommend illiquid private real estate placements for suitable clients, alongside more conventional mutual fund and ETF holdings.

What is distinctive is the adviser’s dual role as both investment adviser and a registered representative of a broker-dealer that distributes private real estate offerings, which results in receiving commissions on those private placements and creates a potential conflict the brochure describes and discloses. The brochure also highlights the adviser’s long industry tenure and extensive experience placing private-placement investments (historically tens of millions placed), and it notes that no disciplinary regulatory actions have been reported.