Doheny Asset Management, L.L.C.

Doheny Asset Management provides discretionary portfolio management primarily to individual and high-net-worth investors, and also advises pension plans, charitable organizations and private businesses. The firm offers continuous, personalized investment management built around client-specific investment policies developed through discussions of objectives, time horizon, risk tolerance and liquidity needs.

Investment decisions draw on fundamental, technical and cyclical analysis and are implemented across several defined strategies, including short-duration laddered fixed-income, state-focused municipal bond ladders for tax-exempt income, and multiple equity approaches (capital appreciation, growth & income, and income-focused portfolios). Portfolios are reviewed weekly with rebalancing as needed and accounts are managed on a discretionary basis consistent with client-imposed restrictions.

Compared with many peers, the firm operates with a small advisory team serving a concentrated client base while managing roughly $185 million in client assets, which can result in more tailored account oversight. Other notable features include a policy that allows negotiated fee arrangements (including the possibility of incentive-based fees on a case-by-case basis, though the firm currently does not charge performance fees) and custody arrangements as trustee that subject the firm to an annual surprise audit.