Asset Preservation Advisors, LLC

Asset Preservation Advisors, LLC provides discretionary municipal bond investment management to institutional and retail separately managed account clients and acts as a sub‑adviser to a registered municipal bond mutual fund and to wrap and sub‑advisory programs. Its advisory services are limited to tax‑exempt and taxable municipal bond portfolios and include ongoing monitoring as well as discretionary and non‑discretionary supervisory arrangements.

The firm employs active fixed‑income management across several defined strategies—short‑term, intermediate, enhanced and taxable municipal approaches—using yield‑curve analysis, credit assessment, duration management and sector allocation to pursue income while emphasizing preservation of capital. Portfolio construction is managed to client objectives and constraints, and the firm supplements separately managed accounts by making strategy exposure available through the mutual fund and program sponsor relationships.

Notable characteristics include a concentrated municipal‑only focus at scale, managing over $11 billion in discretionary assets with a relatively small investment team, and an ESG‑oriented Positive Impact Tax‑Exempt Strategy that targets at least 50% of purchases to meet the firm’s internal environmental, social or regulatory criteria. The firm also discloses and manages potential conflicts arising from client‑broker‑client transactions and from offering its mutual fund as an investment vehicle for client assets, and it does not rely on soft‑dollar arrangements or accept client‑directed brokerage.