Callahan & Callahan Asset Management, Inc.

Callahan & Callahan Asset Management provides non-discretionary portfolio management and ongoing advisory services to individuals, trusts, estates, corporations, small business owners and institutional clients, using a client profile process to tailor allocations to objectives and risk tolerance. The firm constructs diversified portfolios with stocks, bonds, mutual funds, ETFs and money market instruments and delivers periodic account reviews with quarterly updates and an annual full portfolio review.

The firm’s investment process combines charting, fundamental and technical analysis with an asset-allocation focus; it commonly uses income mutual funds for bond exposure and employs covered-call and covered-put strategies on equities while avoiding margin and uncovered options. Trading is executed through the firm’s selected broker-dealer and cleared by a designated clearing firm, and the firm operates in a non-discretionary capacity so clients must approve recommended transactions.

Distinctive features include the firm’s consistent non-discretionary approach—clients retain final authority over trades—and that its principals hold life and disability insurance licenses and act as independent registered representatives, which allows them to receive commissions for insurance and brokerage product sales (a potential conflict disclosed in the brochure). The firm also requires clients to open accounts with its chosen broker-dealer and documents these arrangements and potential conflicts in its disclosure materials.