Witter & Westlake Investments

Witter & Westlake Investments provides discretionary portfolio management and wealth management programs for individual and high-net-worth clients, alongside a range of institutional and tax-advantaged accounts. The firm delivers program-based management that primarily uses mutual funds and ETFs, with custody and trading conducted through custodians such as Interactive Brokers and ProFunds.

The firm applies a daily mean reversion strategy across its programs—buying on down days and trimming on up days—and implements short index futures hedges in taxable accounts, maintaining a dynamic S&P 500 hedge targeted to average about 50% (ranging roughly 20–80%). In IRA programs it selects mutual and sector funds (including leveraged sector funds) and manages risk by combining negatively correlated positions, holding cash, and using the same daily mean-reversion trading, which results in frequent trading and account review.

Noteworthy distinctions include a disclosed regulatory resolution: an August 2021 Agreed Order with the State of Kentucky addressing audit and recordkeeping deficiencies, misleading website statements, and a failure to file a corrective Form U4 amendment (a fine was paid and the firm makes the order available on request). The firm is small in scale—two principals, 22 clients and about $12.7 million in discretionary AUM—and its combination of daily mean reversion, regular futures hedging in taxable accounts, and use of leveraged sector funds in IRAs is atypical among peers.