Baztec Capital Management, LLC

Baztec Capital Management is a small, independent advisory firm that provides discretionary portfolio management and, when requested, comprehensive financial planning to individual clients and certain family members. The firm manages approximately $40 million in client assets for a limited number of relationships and constructs portfolios using individual stocks, ETFs, corporate and municipal bonds, preferreds, mutual funds and other instruments.

The firm’s investment approach emphasizes fundamental, company, industry and sector analysis and generally implements long-term, concentrated equity allocations that may include small- and mid-cap securities; clients are advised to expect higher-than-average volatility and ongoing portfolio monitoring with quarterly reporting. Baztec exercises investment discretion on behalf of clients and may implement strategies through separately managed accounts and pooled investment vehicles as appropriate to client objectives.

What distinguishes Baztec from most solo independent advisers is its role as a sponsor/manager of pooled investment vehicles (including an affiliated private fund) and its disclosure that it may use derivatives in client accounts; the firm also charges performance-based fees for certain investors, a practice that is uncommon among peers. The firm operates with a single named advisor and affiliated entities while maintaining written compliance policies, and it provides offering documents and investor disclosures when presenting fund investments.