TwentyThree Advisory

TwentyThree Advisory provides ongoing portfolio management services primarily to high‑net‑worth individuals, creating Investment Policy Statements that document clients’ goals, tax considerations, time horizons and risk tolerances. The firm offers asset allocation, security selection and regular monitoring and delivers services under both discretionary and non‑discretionary arrangements while not participating in wrap fee programs.

The firm’s investment approach relies on fundamental analysis and a long‑term trading horizon, with a focus on equities complemented by mutual funds, ETFs, fixed income, real estate funds (including REITs) and private placements. Client accounts are custodied at Schwab Institutional (the firm requires clients to use that custodian), reviewed at least quarterly, and clients receive monthly account reports from the custodian.

Notably, as of December 2025 the majority of the firm’s assets — $37,466,829 of $41,104,123 — are managed on a non‑discretionary basis, a relatively uncommon arrangement among independent advisers. The firm also maintains a very small, concentrated client roster of high‑net‑worth individuals, discloses no soft‑dollar benefits or third‑party sales compensation, and limits its recommendations to a defined set of investment types.