Steven William Sherman
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$5,000,000
Clients
25
0% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
25
TypicalAverage account size
$200,000
About
The firm provides discretionary portfolio management for individual and IRA accounts and manages a small, client-focused book of business (roughly $5–6 million across about 25 clients). It implements trades in client accounts held at custodians selected by clients and communicates regularly to reassess financial positions and risk tolerances.
Investment decisions combine in‑depth fundamental and technical analysis and emphasize ultra‑diversified portfolios constructed primarily with exchange‑traded funds and closed‑end funds. The adviser also makes active trade-timing decisions as part of its approach, a practice that is relatively uncommon among independent advisers.
The principal has roughly six decades of industry experience, including senior Wall Street roles and management of an arbitrage desk, and reports early adoption of ETFs and closed‑end funds as portfolio tools. The firm operates independently with no broker affiliation, effecting client-directed orders directly in client accounts and not receiving commissions or performance-based fees.
Client services
Portfolio management
Market timing
Expertise
Passive / index investing
Fee options
Standard quarterly investment advisory fee based on a percent of assets under management; specific percentage not stated
Fee-only: Quarterly investment advisory fee based on a percentage of AUM; no commissions or other fees charged
Main office location
Steven William Sherman
San Rafael CA, United States
Number of offices
1
Most active in
Steven William Sherman has reported serving >5 clients in these states in the last 12 months.
California
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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