Swords Capital Management, LLC

The firm provides discretionary portfolio management and financial planning to individuals, high-net-worth clients, and business entities, operating as a solo independent adviser with roughly 41 client relationships and about $65 million in assets under management. It tailors Investment Policy Statements to individual goals and also delivers advisory services through LPL Financial–sponsored programs.

The firm’s investment approach combines cyclical and fundamental analysis with modern portfolio theory, typically recommending equity ETFs and individual equities while also employing fixed income, precious-metal ETFs, and occasional private placements. It may use higher-risk trading techniques — including options, margin, and short sales — and generally seeks discretionary authority to implement client strategies.

Noteworthy features versus many peers include a relatively high asset-per-client concentration, a requirement that clients custody assets at LPL Financial and participation in LPL’s Strategic Wealth Management program (including the adviser’s practice of covering certain transaction charges), and dual registrations that permit the sale of commissionable insurance and brokerage products; these arrangements and related incentives from LPL are disclosed as potential conflicts of interest. The firm is recently established and documents fiduciary procedures and allocation policies intended to manage conflicts and fairly distribute investment opportunities.