MITCO Asset Management

The firm provides continuous investment supervisory services and financial planning to individuals, retirement accounts, trusts, and profit-sharing plans, and also accepts a range of institutional and corporate clients including pension plans, charitable organizations, insurance companies, banks or thrifts, state and municipal entities, other investment advisers, and, unusually for a solo independent adviser, sovereign wealth funds. Services include portfolio management and the selection and recommendation of private investment vehicles (private funds, SPVs, and direct portfolio company investments) tailored to client objectives.

The firm manages client accounts on a non-discretionary basis only and constructs diversified portfolios of equities, investment-grade corporate bonds (generally maturities up to ten years), and mutual funds, with portfolio weighting set according to each client’s stated objectives and constraints. For qualified clients it sources private investment opportunities and charges performance-based fees on realized gains—typically structured around carried-interest economics (approximately 20% of realized gains after a return of capital), either charged to client accounts or received from third-party advisers.

Distinctive aspects for a single-advisor practice include about $88.3 million in primarily non-discretionary assets under management across roughly 58 accounts while serving several institutional and uncommon client types and offering access to illiquid private investments with carried-interest arrangements. The firm’s sole proprietor also maintains an accounting and tax practice and spends a substantial portion of time on non-advisory activities, and the brochure discloses referral interactions between the advisory and accounting practices.