St. Michaels Asset Management

The firm provides discretionary portfolio management to individuals, trusts, retirement plans, and small businesses and assists employers in establishing SEP IRA accounts, with each employee able to enter into a separate management agreement for their own account. It accepts accounts without a stated minimum and delivers custodial statements along with quarterly performance reports.

Investment decisions combine top-down macroeconomic analysis with bottom-up fundamental research to seek securities trading below the firm’s assessment of fair value across domestic and international markets and market capitalizations. The firm applies a socially responsible investing (SRI) screen—favoring companies that reduce emissions, improve energy efficiency, recycle, or advance health care while excluding munitions and tobacco—and may use special situations, convertibles, high‑grade and high‑yield fixed income, and options (including covered calls and protective puts) as part of portfolio construction.

Noteworthy for a small, single‑advisor practice, the firm explicitly integrates SRI objectives with a value‑oriented, opportunistic strategy that routinely employs derivatives and hybrid securities alongside equities and bonds. The firm operates under a written Code of Ethics, uses block trading and allocation procedures, encourages clients to reconcile custodial and advisory reports, and generally leaves proxy voting to clients unless assistance is requested.