Boltwood Capital Management

Boltwood Capital Management is an employee-owned, SEC-registered investment adviser that provides discretionary and non-discretionary portfolio management and financial planning to individuals, families, estates, foundations, endowments and other institutions. The firm reports approximately $380.6 million in assets under management and includes financial planning for investment-management clients at no additional charge.

BCM builds client relationships around a written Investment Policy Statement that sets a strategic allocation between “risk” and “risk-control” assets and emphasizes a long-term, cycle-aware approach (with an average holding period of three years or more). Investment decisions are made by an internal investment committee and, when appropriate, the firm may substitute individual holdings with surrogates such as ETFs, convertible bonds or other instruments; BCM also provides occasional 401(k) consulting to plan sponsors.

Compared with many peers, the firm’s disclosures call out use and risks of debt-related derivatives and similar instruments as part of its repertoire of portfolio tools, and it documents those risks in its risk factors. Operationally notable for a small, two-advisor firm are its employee-ownership structure, a formal trusted-contact process for client protection, and quarterly reporting that includes year-to-date realized gain/loss detail to aid tax planning.