Thetford Investment Management, Inc.

Thetford Investment Management provides fee-only portfolio management primarily to individual and high-net-worth clients, as well as trusts, charitable institutions, foundations and certain business entities. The firm manages taxable and retirement accounts on mainly a discretionary basis and also offers retirement needs analysis and tailored investment restrictions at client request.

The firm employs a value discipline for equities using fundamental analysis and a conservative, tax-aware approach to fixed income, avoiding lower-quality credits except when spreads are attractive. It makes substantial use of closed-end funds to capture discounts and to access specialized asset classes, and seeks tax efficiency by selecting individual stocks, bonds and closed-end funds rather than layering advisory products.

A distinctive feature is that a related entity has sponsored private investments and a passive owner of the firm is the managing member of a private oil and natural gas exploration company with interests near Houston, Texas and in Egypt; the brochure states the firm does not solicit or advise clients on those private offerings, although some clients have invested. Thetford also documents operational specifics that may matter to clients — for example, it requires use of TD Ameritrade Institutional custody, conducts trade-away bond executions for greater market access, and subjects client custody arrangements to an annual surprise examination.