Baugh & Associates, LLC

Baugh & Associates, LLC is a fee-only investment adviser that provides financial planning and discretionary portfolio management to individuals (including high-net-worth clients), corporations, pension and profit-sharing plans, trusts, estates, and other U.S. institutions. The small advisory team manages broadly diversified accounts (about $294 million in assets under management) and furnishes ongoing advice on retirement planning, tax considerations, education funding, and estate planning.

The firm’s portfolios are typically invested 65–85% in high-quality, large-cap value/growth stocks that often pay above-average dividends, with the remainder allocated to short- to intermediate-term fixed-income instruments such as structured notes, short-term Treasuries, municipals, and cash; investment decisions are grounded in fundamental analysis and a generally low-turnover, buy-and-hold approach. Baugh & Associates also uses strategies such as limited covered-call writing, occasional IPO allocations, and — when suitable or directed by the client — trading on margin; margin and leverage are disclosed as part of its risk profile.

What is comparatively distinctive about Baugh & Associates is its documented use of borrowing within separately managed accounts and routine inclusion of structured products (including structured notes), practices that are relatively uncommon among peers and can add leverage, credit, or liquidity considerations. The firm also notes contacts with a related entity that packages commercial real estate limited partnerships that generate monthly cash flow, and it operates on a non‑commission, fiduciary basis while recommending Schwab for custody and execution.