Pamet Advisors provides asset management and financial planning services to individuals and families.
Investment services are provided via managed accounts with portfolios customized for each client, based on their needs. Financial planning services include investment planning, retirement planning, education savings, and estate planning as well as overall risk assessment.
We are a fee-only advisor that adheres to the fiduciary standard, meaning that:
- The client’s best interests are always put first, in every decision
- All fees are completely transparent and clearly stated in the terms agreed to by the client
- No fees are earned from any other source, either directly or indirectly
- All actions and decisions are made with objectivity, independence and in accordance with plans agreed to by the client
- Communication with clients is regular, open and professional
- Client information is treated with utmost confidentiality
Asset ManagementInvesting requires patience and a long term perspective.
Pamet Advisors typically utilizes low cost Equity and Fixed Income Exchange Traded Funds (ETF’s) from Schwab and Vanguard to provide diversification and exposure across selected sub-categories.
Individual stocks may be held and are typically selected using value based analysis – seeking a margin of safety against price declines. This often involves identifying out of favor companies whose stock prices have declined but whose underlying assets provide a level of value against further declines. Rather than seeking investments that are priced for perfect future growth and execution, out of favor companies can provide significant upside with relatively modest good news or improved financial performance.
Modern Portfolio Theory argues that to achieve greater return one must assume greater risk. As noted investor Seth Klarman has stated this makes little sense and in fact, some of the investments with the greatest potential hold less than average risk – their assets have value, their businesses are improving but their price already reflects the worst of their past performance.
Pamet Advisors seeks to identify investments that can be held for long periods. Active trading with a short term view simply adds to the costs borne by clients. Taking a patient long term view is not always easy, but helping clients adhere to their plans through volatile markets is a critical part of our value proposition.
Pamet Advisors also maintains a bias towards dividend paying investments as total returns come from two sources: price appreciation and dividends. As a former pilot I know the value of flying a twin engine aircraft (vs. a single engine) particularly in hazardous conditions. Two sources of power are better than one! Dividends force a level of discipline on management and provide investors with a level of return even in poor markets.
Dividends are not assured but companies with stable track records tend to pay their dividends consistently, and more importantly help provide protection against inflation via regular increases in their annual dividend rates.
For Asset Management
Pamet Advisors creates and manages separate accounts for each client with asset allocations appropriate for their needs and goals.
- Pamet Advisors utilizes Charles Schwab & Co. Inc., as the Custodian for its client’s funds.
- Schwab’s investment platform provides superior capabilities and resources.
- Schwab provides clients with online access to account information and statements 24/7/365.
- Client assets are never held directly by Pamet Advisors and all investments are managed according to an mutually agreed plan.
As part of our adherence to the fiduciary standard, Pamet Advisors has a fee structure that aligns our incentives with the best interests of our clients. It is low, by industry standards, and therefore further benefits our clients. Fees are charged quarterly, in arrears.
Fee schedule: 0.50% of assets under management with break points above $500,000.
For Financial Planning
Clients seeking financial planning advice only are charged a flat fee that is based on the scope of the plan required. No fees are charged without clients signing a clearly stated agreement that outlines the work to be performed.
Our hourly fee is $150 which is used in the calculation of the agreement after discussion with the prospective client.