Waxman Financial

Waxman Financial provides investment management and financial planning primarily for individual clients who are largely high-net-worth — including small business owners, self-employed professionals and corporate executives — with roughly one-fifth retired. Services include discretionary portfolio management for taxable and retirement accounts, written Personal Financial Plans, and access to insurance products through licensed representatives.

The firm follows a bottoms-up, fundamental research process to build portfolios, emphasizing equities, exchange-traded funds, mutual funds and fixed-income funds rather than frequent use of individual bonds, and seeks global diversification with position-size limits (typically no more than about 5% per holding). Portfolios are tailored to objectives documented in each client’s Personal Financial Plan, are actively rebalanced and reviewed at least weekly, and the adviser normally trades on a discretionary basis through a single custodial platform.

Distinctive features include a firm policy of requiring a recent, credible Personal Financial Plan before accepting clients for asset management and offering standalone written plans for a fixed fee or hourly consulting; this planning-first intake is less common among supported firms. The firm is small in scale (two advisers managing about $31.6 million for roughly 40 clients), is led by CFP-certified principals including one with an advanced academic degree, operates exclusively with a single institutional custodian, and discloses that associated persons may also sell insurance products and receive separate commission compensation.