Clearwater Investment Management LLC

Clearwater Investment Management provides ongoing discretionary portfolio management and investment supervisory services to individuals, high-net-worth clients, trusts, estates, charitable organizations and business entities. The firm documents each client’s goals and risk tolerance in an Investment Policy Statement and implements portfolios primarily in mutual funds, equities, ETFs, REITs and government securities held at Interactive Brokers, managing about $3.2 million across a small number of accounts.

The adviser combines fundamental analysis with technical analysis that emphasizes intermediate- and longer-term market cycles and investor sentiment to inform timing of acquisitions and dispositions, and uses index funds selectively when timing appears advantageous. While focused on long-term positioning to capture recoveries following bear markets, the firm also discloses the ability to use margin transactions at a client’s request and documents related risks in each client’s Investment Policy Statement.

Noteworthy aspects include a focused, hands-on management model for a modest asset base, an explicit policy against investing in private or illiquid securities, and the removal of previously referenced options and shorting strategies from its disclosed approach. The firm uses Interactive Brokers for custody and execution, permits client-directed brokerage (with potential execution tradeoffs), retains the ability to block trades across accounts, and does not accept performance-based fees.