Schulmerich & Associates Asset Management, LLC

Schulmerich & Associates Asset Management provides discretionary asset management to individuals (including high-net-worth clients), trusts, estates, charitable organizations and business entities, and also advises qualified retirement plans. As of December 31, 2025 the firm reported about $128.5 million in discretionary assets under management and operates with a two-advisor team serving its client accounts.

The firm’s investment approach is grounded in Modern Portfolio Theory and emphasizes strategic asset allocation, diversification across equities, fixed income and cash equivalents, use of broadly diversified passive/index funds, and periodic rebalancing guided by individualized Investment Policy Statements. Portfolios are managed on a discretionary basis with at least quarterly reviews, custodial execution typically routed through Charles Schwab, and the firm discloses that it generally does not aggregate trades and does not vote client proxies.

Distinctive items in the brochure include two disclosure events: a 2025 Stipulation and Consent Order with the State of Florida resulting in a $22,000 administrative fine for providing advice in Florida without registration, and a 1992 cease-and-desist order related to recordkeeping and reporting. The firm’s owner also operates an affiliated insurance business and receives commissions on insurance products — a relationship the brochure discloses and says is mitigated by disclosures and the firm’s fiduciary obligations — a feature that is uncommon among peers.