Wealth Management
We founded Salem Partners Wealth Management in order to take care of the financial futures of a select group of clients who are close to the Firm. We measure the Firm’s success not by the number of clients but by the depth of each client relationship.
We pursue our objectives by ensuring that all of our clients receive the focus of senior professionals and the benefits of our judgment and experience. The relationships we have with people who have trusted us with their financial security are deeply personal to us.
Salem Partners Wealth Management is a fiduciary and fee-only registered investment adviser (RIA) providing a multi-family investment office to a select group of entrepreneurial clients that desire a high level of expertise and utmost integrity.
Through it all, we have continued to emphasize the client experience as our primary focus. Clients who work with Salem Partners know that they will receive an unparalleled quality of service in an honest, client-friendly atmosphere.
Our Firm’s motto “Clients First” is particularly relevant to our wealth management practice because our duty as a fiduciary guides everything we do. We appreciate your interest in Salem Partners Wealth Management and hope that at some point soon, you will come to know us as well.
We pursue our objectives by ensuring that all of our clients receive the focus of senior professionals and the benefits of our judgment and experience. The relationships we have with people who have trusted us with their financial security are deeply personal to us.
Salem Partners Wealth Management is a fiduciary and fee-only registered investment adviser (RIA) providing a multi-family investment office to a select group of entrepreneurial clients that desire a high level of expertise and utmost integrity.
Through it all, we have continued to emphasize the client experience as our primary focus. Clients who work with Salem Partners know that they will receive an unparalleled quality of service in an honest, client-friendly atmosphere.
Our Firm’s motto “Clients First” is particularly relevant to our wealth management practice because our duty as a fiduciary guides everything we do. We appreciate your interest in Salem Partners Wealth Management and hope that at some point soon, you will come to know us as well.
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Stephen Prough
Founder 
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John Dyett
Founder 
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Erik Ridgley, CFA
CEO & Chief Investment Officer 
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Our Long-Term Investment Philosophy
As Warren Buffett says, successful investors need to invest for the long-term and avoid being swayed by the fear and greed of others that can cause irrational swings in the market. We do not let the daily noise and volatility of the markets deter us from our mission to be faithful stewards of our clients' capital. As long-term investors, we and our clients commit ourselves to adhere to well-defined investment policy statements, which have been custom-built for each individual client, in order to achieve their long-term investment objectives, while accepting the inevitable price fluctuations of the public markets.
balanced investment portfolios
Optimizing balanced investment portfolios for after-tax returns provides us with significant opportunities to achieve after-tax outcomes in excess of after-tax market returns, but it requires constant vigilance, operational excellence, and good judgement to consistently exploit these opportunities.
portfolio re-balancing
Portfolio re-balancing is an important tool for long-term investors because it serves two useful purposes. First and foremost, it keeps asset allocations in line with targets that have been codified in clients' investment policy statements. Second, it can be a mechanism to naturally "buy low, sell high", thus taking advantage of market volatility.
tax loss harvesting
Tax loss harvesting is another proven methodology for long-term investors to take advantage of market volatility. We actively implement tax loss harvesting throughout the year whenever material market declines create opportunities. Harvested tax losses provide economic value because they can be used to offset capital gains tax, and unused tax losses can be carried forward into future years until they are fully used.
High Touch Services
Salem Partners Wealth Management prides itself on being relationship builders and having only as many clients as we can comfortably spend adequate time with. We enjoy a high employee to client ratio, which allows us to provide a great deal of focus and attention to each client.
Client meetings and discussions occur throughout the year. Building strong relationships to us means offering a wide variety of services well beyond traditional portfolio management.
We seek to provide value added counsel in all areas of our clients' financial lives, partnering with them to achieve their goals and objectives.
Our services can be segmented into two categories: Investment Advisory and Wealth Management
Client meetings and discussions occur throughout the year. Building strong relationships to us means offering a wide variety of services well beyond traditional portfolio management.
We seek to provide value added counsel in all areas of our clients' financial lives, partnering with them to achieve their goals and objectives.
Our services can be segmented into two categories: Investment Advisory and Wealth Management
Investment Advisory services
It is our belief that the key to successful investment management is the consistent and disciplined implementation of portfolio strategies that have been tested over a long period of time in a variety of market cycles. As an investment adviser we add value through an approach that is long-term in nature, structured, carefully crafted, transparent and objective.
discovery
Detailed investigation and discussion establishing client objectives and risk tolerances
Analysis
Study of existing assets, opportunities and constraints
Roadmap
Development of investment policy statement to define allocations to various asset classes including, but not limited to, fixed income (tax-exempt municipal bonds and taxable corporate or government bonds), cash and equivalents, U.S. equity, foreign developed equity, emerging markets equity, real estate, and private investments
Research and Design
Research investment universe
Transition
Create detailed plan for transition to new portfolios
Assess risk
Portfolio multi-factor risk analysis and stress testing for various scenarios
Implementation
Apply the appropriate investment choices
management
Track, monitor, re-balance portfolios and systematically harvest tax losses
communication
All-inclusive reporting and quarterly portfolio review client meetings
Wealth Management Services
Because of the time we spend getting to know each client's personal financial situation and goals, issues typically arise concerning financial, tax or estate planning matters that require further action and oversight. We coordinate professional services amongst our clients' attorneys, accountants and other advisors, and we take primary responsibility for integrating their services with our clients' other wealth management needs.
expert advising on private business transactions
Advising clients on corporate or business endeavors, including private investments, endorsements, professional service contracts, business acquisitions or divestitures, and structuring family business entities
comprehensive reporting
Comprehensive quarterly reporting which includes detailed summaries of all client assets, annual tax reports, performance analysis and other custom reports
financial planning
Comprehensive financial planning services
Risk management
Sophisticated portfolio management strategies, such as hedging or monetizing illiquid, low basis or concentrated equity positions over extended periods of time
tax optimizing strategies
Managing investment-related tax optimized strategies
life insurance evaluations
Analysis of life insurance and other risk management solutions
trust and estate plan implementations
Investment management of complex trust and estate plans
Employee stock options analysis
Analyzing pre-IPO exercise of employee stock options
family foundations
Philanthropic services and investment management of private family foundations
Aircraft lease/purchase analysis
Aircraft lease and purchase analysis
rule 10b5-1 trading plans
Implementation of Rule 10b5-1 trading plans for corporate insiders
