American Wealth Management

American Wealth Management is a SEC-registered investment adviser managing roughly $760.5 million for about 873 clients, serving individuals (including high-net-worth clients), pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and other business entities. The firm provides discretionary portfolio management, financial planning, a Retirement Allocation Program for employer-sponsored plans, separately managed accounts, model strategist services and management of assets held in variable annuity contracts or fund families.

AWM implements a proprietary quantitative investment process that ranks assets by relative price momentum and trends and typically uses ETFs and mutual funds to construct portfolios; many of its tactical strategies (branded Flexfolio) are designed to reduce equity exposure in severe declines and can involve higher portfolio turnover. The firm makes independent discretionary decisions informed by its system, offers model portfolios to platform sponsors and custodians client assets at Pershing Advisor Solutions and Charles Schwab.

A distinctive aspect of AWM is that certain representatives also act as registered representatives of broker-dealer M.S. Howells & Co. and as licensed insurance agents, and the brochure discloses that advisory affiliates may receive commissions, 12b-1 fees and other compensation from product sales — relationships the firm identifies as potential conflicts of interest. It also provides model strategist services to other advisors and requires client implementation for its Retirement Allocation recommendations in some cases, and the firm declines to vote client proxies.