K. D. Clewley Capital Management

K. D. Clewley Capital Management provides discretionary portfolio management to individuals (including high-net-worth clients), profit-sharing plans, trusts, businesses and other institutional clients, managing roughly $90 million across about 63 accounts. The firm invests using ETFs, mutual funds and individual stocks and does not participate in wrap fee programs.

The firm’s investment approach is driven by a select group of forward-looking economic indicators that it uses to shift client exposure between equities and government bonds—moving into bonds when a recession appears imminent and back into stocks as recoveries develop. Accounts are managed on a discretionary basis with a preference for ETFs, monitored at least weekly, and clients receive written account and economic outlook reviews quarterly.

Unlike most independent peers that operate as solo practitioners, the firm is staffed by multiple registered investment adviser representatives who jointly manage and review accounts. The brochure also highlights several operational practices that distinguish the firm for its size: it generally executes trades by account rather than aggregating orders, completes client trades before employee trades to address conflicts, and cites prior identification of the 2007–2009 recession as evidence of its macro-timing focus.