Steven William Sherman
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
The firm provides discretionary portfolio management for individual and IRA accounts and manages a small, client-focused book of business (roughly $5–6 million across about 25 clients). It implements trades in client accounts held at custodians selected by clients and communicates regularly to reassess financial positions and risk tolerances.
Investment decisions combine in‑depth fundamental and technical analysis and emphasize ultra‑diversified portfolios constructed primarily with exchange‑traded funds and closed‑end funds. The adviser also makes active trade-timing decisions as part of its approach, a practice that is relatively uncommon among independent advisers.
The principal has roughly six decades of industry experience, including senior Wall Street roles and management of an arbitrage desk, and reports early adoption of ETFs and closed‑end funds as portfolio tools. The firm operates independently with no broker affiliation, effecting client-directed orders directly in client accounts and not receiving commissions or performance-based fees.
Client services
Expertise
Fee options
Standard quarterly investment advisory fee based on a percent of assets under management; specific percentage not stated
Fee-only: Quarterly investment advisory fee based on a percentage of AUM; no commissions or other fees charged
Main office
San Rafael CA
Advisors at this office
1
Most active in
California
Also doing business as
Sherman, Steven W. · Steven William Sherman
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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