Pelican Bay Asset Management, Inc.

Pelican Bay Asset Management, Inc. provides investment supervisory services to a small client base that includes corporations and other business entities, pension and profit‑sharing plans, trusts, estates and charitable organizations rather than a broad retail clientele of non‑high‑net‑worth individuals. The firm manages separate accounts in publicly traded equities, bonds and mutual funds and does not act as custodian or broker for client assets.

Accounts are managed on a non‑discretionary, long‑term buy‑and‑hold basis, with investment decisions tailored to each client's age, financial position and preferences; clients must approve transactions and typically grant a limited power of attorney to enable order placement. The adviser performs fundamental analysis of individual securities, conducts continuous monitoring of holdings, and charges advisory fees based on assets under management.

Notable for its single‑adviser structure and small roster—roughly 14 clients and about $40 million in AUM—the firm’s mix of corporate/institutional clients and primarily non‑discretionary accounts is uncommon among independent firms. The firm reports no material affiliations with broker‑dealers or other advisers, does not accept performance‑based fees, and recommends custodians (for example, Charles Schwab) while leaving custody and proxy voting responsibilities with clients.