Fraser Asset Management

Fraser Asset Management provides discretionary investment management and written financial planning primarily for individual clients, developing personalized investment policy statements and ongoing portfolio supervision. The firm generally applies a $100,000 account minimum (with exceptions at its discretion) and manages a very small client base — seven clients with about $3.48 million in discretionary assets.

The adviser employs a blend of active and passive approaches and uses fundamental, technical, and charting analysis to set asset allocation and security selection. The firm states it intends to utilize option and other derivatives strategies across client accounts — including covered calls, collars, vertical spreads, iron condors and LEAP calendar spreads — as a routine part of portfolio construction and risk management.

Compared with peers, the firm’s concentrated scale and client list stand out, as does the principal’s concurrent role as co-owner and CIO of a second registered adviser that manages nonprofit endowments, an activity that accounts for roughly half of the principal’s time. Operationally, the firm participates in an institutional custodian program, limits custody to fee debiting only, and does not vote client proxies (clients retain proxy voting responsibility), features that may affect service logistics relative to other independent advisers.