Pilot Asset Management LLC

Pilot Asset Management is a state-registered investment adviser that provides discretionary and non-discretionary portfolio management to individuals, trusts and corporations. The firm manages diversified portfolios using stocks, bonds, mutual funds, exchange-traded funds and options and generally charges fees calculated as a percentage of assets under management; it also offers a mutual-fund selection option for 401(k) participants.

The firm relies on a mix of fundamental and technical analysis and follows a long-term, Prudent Man Rule orientation that emphasizes asset allocation and diversification to address systematic and nonsystematic risks. In addition to buy-and-hold strategies, the adviser uses short-term option techniques—primarily covered calls and cash-secured puts, typically with expirations of about two months or less—to generate income or acquire positions, and provides a 401(k) pathway where clients can either self-manage from a curated fund list or grant discretionary authority.

Compared with peers, Pilot’s explicit use of option overlays together with a formal 401(k) mutual-fund self-directed option is atypical for a small, state-registered adviser. The brochure also notes operational features such as a custodial relationship with Charles Schwab that provides access to no-transaction-fee funds, block trading and portfolio monitoring tools, and discloses no disciplinary history, no other industry affiliations, and no performance-based fees.