Cumberland Advisors

CumberlandAdvisors serves high‑net‑worth individuals and a range of institutional clients including public and corporate retirement plans, corporations, foundations, and government entities, providing discretionary portfolio management across fixed‑income and equity strategies as well as consulting and financial planning for customized accounts. The firm also delivers asset management through traditional accounts and wrap‑fee programs and acts as a subadvisor on third‑party platforms.

The firm emphasizes active fixed‑income management, constructing separately managed municipal and taxable bond portfolios with an investment‑grade bias and a proprietary rating system while actively adjusting maturities and duration through the full interest‑rate cycle rather than using laddered structures. For equities it predominantly implements ETF‑based core‑satellite approaches and operates a Tactical Trend strategy that uses trend‑following, relative‑strength and momentum tools, may employ ETNs or short/inverse positions (generally capped around 30%), and can tactically increase cash levels (noting 30–50% cash in extreme views).

Noteworthy features disclosed in the brochure include that CumberlandAdvisors is 100% owned by Mid Penn Bancorp and that its sizeable municipal bond practice enables large lot purchases for individual accounts. The firm also provides consulting and non‑discretionary investment advice to state and local governmental units, serves as a subadvisor in wrap programs (while not sponsoring a wrap program itself), and relies on third‑party research such as Glass Lewis for proxy‑voting support.