1B - Inbundance Wealth Management

The firm provides investment advisory services primarily to individual clients (including high-net-worth individuals) and business entities, offering ongoing portfolio management, personalized investment policy statements, asset allocation, and monitoring. As a solo independent adviser, it limits recommended investments to mutual funds, fixed income, insurance products (including annuities), equities and non-U.S. securities and offers services on a non-discretionary basis.

In constructing portfolios the firm emphasizes long-term trading and uses academic frameworks such as Modern Portfolio Theory, the Efficient Market Hypothesis, and the Fama‑French five‑factor model to guide asset selection and allocation. Investment recommendations are implemented only after client approval and accounts are reviewed at least annually, with custodial statements provided to clients at least quarterly.

This firm is notable among peers for its affiliation with insurance-selling activities through its owner/principal and the disclosure that supervised persons may receive insurance compensation, a potential conflict the firm documents for clients. It also reports virtually all assets as non‑discretionary (approximately $12.1 million) and commonly directs clients to a third‑party manager using a fund platform (Matson Money), where compensation flows via fund expense ratios rather than a separate advisory fee structure.