Baldrige Asset Management

Ed Baldrige started his career as a soybean analyst at the Chicago Board of Trade. After graduating from Dartmouth College, he joined the Commodity Exchange (NY) and the Chicago Board of Trade. He spent 15 years trading commodity futures. He later married Lydia Panas, a fine-arts photographer. The couple relocated to Kutztown, PA, where Baldrige Asset Management, LLC was founded. Today, Baldrige Asset Management, LLC provides financial consulting to individuals.

Invests in investment and business development companies

Baldrige Asset Management
Baldrige Asset Management

Baldrige Asset Management LLC is a registered investment advisor in California. The firm invests in a variety of investment and business development companies. It does not make initial public offerings. Rather, it invests in businesses that have the potential for high growth and dividend payouts. Among its holdings are Vanguard Short Term Corporate Bond Index Fund, Dimensional U.S. Core Equity 2 ETF, and Msci Inc. Among new positions are Belden Inc., Suburban Capital, Blackstone Mortgage Trust Inc., and Msci Inc.

Investment and business development companies make up the majority of Baldrige Asset Management LLC’s AUM. Exchange traded securities make up 5% of its total AUM, and cash equivalents make up the remaining 2%. The firm generates revenue through several channels, including fixed fees, hourly charges, and client-owned assets. Clients pay the firm on a percentage of assets under management, which promotes a long-term relationship with the firm. Fixed fees do not include commissions or interest.

Places trades for clients under a limited power of attorney

A Limited Power of Attorney, also known as a LPOA, gives a representative the right to buy and sell securities on a client’s behalf. This type of PPOA is often required by talent managers and agents. Under this arrangement, the advisor is granted full authority to buy, sell, and trade commodity futures, options on futures contracts, and cash transactions. The advisor is allowed to purchase and sell any futures contracts, both on United States commodity exchanges, international markets, and the over-the-counter spot markets.

Charges based on percentage of assets under management

Fees charged by wealth managers can vary considerably, from as low as 0.1% to as high as 2% of the assets under management (AUM). The disparity is largely due to the different investment strategies employed by different funds. Actively managed funds, on the other hand, rebalance their portfolios several times a year and engage in more trading than index funds, which closely mirror an index.

Typical management fees are calculated as a percentage of the assets under management (AUM), and typically cover the cost of investment advice, account maintenance, and reporting responsibilities. Other wealth managers only cover their direct efforts in managing the investment portfolio, and charge separately for account maintenance and other ancillary services. Despite this trend, some fees remain fixed. A good idea to look for fee transparency is the fee structure for each type of asset management firm.

Code of ethics
Baldrige Asset Management
Baldrige Asset Management

The Code of Ethics for Baldrige Asset Management, LLC (the Firm) outlines a number of important guidelines for its investment professionals. Among other things, it outlines the firm’s standards for personal securities transactions. This Code protects the Firm, its Access Persons, and its clients from any potential conflicts of interest, which may occur during the course of the relationship. Below, we have outlined several key provisions of the Code.

The CAM Code of Ethics is available to anyone who requests it. It sets out the standards of conduct that are expected of investment professionals. In particular, the Firm prohibits the practice of insider trading and other misconduct involving the firm’s clients. Additionally, the Firm’s account review process is done quarterly, with more frequent reviews occurring when market conditions warrant. By following this Code, Baldrige Asset Management LLC strives to maintain high standards of client service and investment management.

Financial reporting

There are a few things to consider before investing with Baldrige Asset Management LLC. This company was incorporated in Pennsylvania and its fiscal year runs from January 1st to December 31st. The company’s website offers financial reporting for the firm, including 13F quarterly reports, 13D/G beneficial ownership reports, and form 4 insider ownership change reports. Moreover, you can view a list of the firm’s past holdings, top 10 holdings, sector and industry breakdown, and past holding history.

According to the SEC, the company manages $862 discretionary accounts and four nondiscretionary accounts. Each client account averages $707,101, and an average advisor manages 433 accounts. The company is registered in six states, including Pennsylvania and Florida. Baldrige Asset Management LLC is a registered investment adviser, which means it can do business only in those states where it is registered.

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