Charles Fish Investments, Inc.

Charles Fish Investments provides discretionary separately managed accounts and sub-advisory services primarily to high-net-worth and individual clients, as well as trusts, retirement accounts, and institutional vehicles. The firm manages tailored portfolios with a stated emphasis on municipal fixed income and also offers multi-asset and equity sleeves to complement income strategies.

CFI’s investment approach centers on active, credit-focused fixed income management, with portfolios constructed from a broad municipal toolbox (including tax-exempt and taxable municipals, BABs, BANs/TRANs/RANs, qualified tax credit bonds, and limited public/private placements) and periodic rebalancing to manage tax consequences. Managers describe a combined “conservative and aggressive” posture, use internal proprietary models alongside external research, and may purchase bonds with forward settlement up to 91 days when appropriate.

Notable distinctions include the firm’s disclosure practices and business affiliations: it provides written and verbal portfolio performance reviews to clients and advertises performance results in its materials, a practice that is uncommon among similar firms. The firm is affiliated with an equity-focused adviser and may allocate client assets to that affiliate as a Sub‑Advisor, with disclosed fee-sharing for cross-referrals — a relationship the brochure identifies as a potential conflict of interest.