Westerly Investments, Inc.

Westerly Investments, Inc. provides fee-based investment advisory and mutual fund consulting services primarily to higher net worth individuals, while selectively offering non‑managed mutual fund consulting and customized investment consulting for clients with substantial assets. The firm reports managing approximately $70.66 million in advisory accounts and advising about $8.835 million in consulting accounts, and serves a small client base with discretionary portfolio management and non‑discretionary consulting options.

The firm’s investment approach emphasizes disciplined, long‑term strategies implemented mainly through mutual funds selected for low turnover and fundamental research, with a consistent holding of Berkshire Hathaway in most client portfolios and occasional recommendations of individual bonds or stocks with client approval. Westerly conducts ongoing manager and market research using tools such as Morningstar Advisor WorkStation and ValueLine, provides quarterly Portfolio Appraisal and Performance reports, and typically operates with discretionary authority under a limited power of attorney.

Westerly is structured as a small, closely held practice with the firm’s president as its sole licensed individual, a characteristic the brochure identifies explicitly, and it is fee‑only using a percentage‑of‑AUM fee schedule rather than performance‑based fees. The brochure also discloses that Westerly produces internally generated performance materials (including hypothetical performance illustrations in its materials) and does not act as a private fund adviser, a combination of features that is uncommon among similar firms.