Stevenson Advisors, LLC

Stevenson Advisors provides discretionary portfolio management and investment supervisory services to individual and high-net-worth clients through separately managed accounts, creating an Investment Policy Statement for each client and performing regular portfolio monitoring. The firm reports roughly $12.9 million in discretionary assets under management and maintains an account minimum of $50,000 for new separately managed accounts.

The firm’s investment approach is grounded in fundamental analysis and offers two distinct strategies: an Absolute Return strategy that employs both long and short equity positions and a Long‑Only strategy that reflects the long exposures from the Absolute Return portfolio. Stevenson Advisors’ trading toolkit includes options, futures, margin, and short sales, and its brochure discloses specific position‑sizing and concentration limits as part of its risk controls.

What is noteworthy relative to many independent peers is the firm’s prior involvement with a pooled investment vehicle (a private fund that has since been closed and removed from the brochure) and the disclosure that performance‑based compensation was possible for that fund even though separately managed accounts generally are not charged performance fees. The firm also requires clients to use its recommended custodians, reports no soft‑dollar benefits, and documents the use of derivatives and concentrated position limits in separately managed accounts, practices that are less common among similar independent advisers.