Hot Springs Asset Management, Inc.

The firm provides discretionary and non‑discretionary portfolio management and financial planning to individuals, pension and profit‑sharing plans, trusts, estates, charitable organizations, and small businesses, serving both high‑net‑worth and non‑HNW clients. It operates as a fee‑only investment adviser and typically expects a $100,000 account minimum for portfolio management, with discretion to waive that requirement in certain cases.

Its investment approach is a strategic asset‑allocation, core‑and‑satellite framework that uses passively managed index and exchange‑traded funds as core holdings and supplements them with actively managed funds and individual securities; option strategies and short‑term trades are used on a less frequent, customized basis. Trades are implemented under limited trading authority through a qualified custodian and clients receive regular reporting, periodic reviews, and year‑end tax reporting as part of the service.

A distinctive feature disclosed in the brochure is that the firm’s principal is a Certified Public Accountant who operates an affiliated accounting practice and devotes a substantial portion of his time to those accounting activities, creating an uncommon adviser/accounting firm affiliation. The firm is relatively small — managing under $20 million for roughly 50–60 clients — and maintains a strict fee‑only model with no commissions or product sales.