Donnelly Investments Corporation

Donnelly Investments Corporation is a small independent advisory firm that manages discretionary portfolios for a limited client base, including individuals, high-net-worth clients, and business entities, with roughly $4.07 million in assets under management across nine client accounts. The firm provides ongoing portfolio management services—creating individualized Investment Policy Statements, implementing asset allocation and securities selection, rebalancing, and conducting annual reviews—and offers both discretionary and non-discretionary relationships.

The firm’s investment process combines fundamental analysis and modern portfolio theory with a long-term trading horizon, emphasizing traditional core holdings (stocks, bonds, cash) while also using mutual funds, ETFs (including precious-metal ETFs), REITs, TIPS, and commodities when appropriate. Risk tolerances are documented in each client’s Investment Policy Statement, model portfolios may be used as a starting point, and accounts are reviewed at least annually with client statements provided quarterly by the custodian.

What distinguishes the firm is its role as a wrap fee program sponsor, an arrangement that is uncommon among independent advisors, and its operational requirements that clients use a specified custodian (Charles Schwab) with fees withdrawn directly from client accounts (limited custody). The firm also discloses potential soft-dollar benefits from custodians and maintains a written Code of Ethics and documented allocation policies intended to promote fair treatment across its small number of accounts.