The Power of an ACM Private Portfolio

Why True Wealth Management Requires Personalization

I’ve learned over the course of my career that real wealth management means more than great financial plans and glossy performance reports. True success comes from how those plans are implemented — and too often, even the best-designed plans are “dumbed down” by cookie-cutter institutional investment solutions. Many firms default to model accounts or pooled investments like mutual funds or ETFs that can’t adapt to each client’s specific situation.

As an institutional money manager, Advisors Capital has certainly built model and pooled portfolios for advisors and investors — and in many situations, they serve their purpose just fine. But as clients begin to grow significant assets and eventually transition from the accumulation phase to the distribution phase of life, the personalization and precision of our private accounts become, in my view, the only logical answer.

How ACM Builds Portfolios Around You

At ACM, we build private accounts starting at the $300,000 level — portfolios crafted security by security — that reflect what you already own, what you prefer not to own, and what you need to own to achieve your goals efficiently and tax-consciously.

Flexibility Without Disruption

One of the greatest advantages of our private approach is flexibility. We don’t need to “deconstruct” your existing portfolio (go to cash) just to rebuild it. Instead, we build upon your current holdings thoughtfully, preserving embedded gains and honoring legacy positions or restrictions. That means you stay invested — and we can implement improvements with precision, not disruption.

The Bond Advantage: Ownership, Not Rental

Private accounts also provide significant advantages in how we manage fixed income. When you own your own individual bonds, you’re not “renting” duration or credit quality the way you are in a bond fund or ETF. You own the bonds outright, know their maturity dates, and can hold them to completion — eliminating the liquidity risk that pooled vehicles introduce on top of interest-rate risk. This stability allows your bond portfolio to do what it’s meant to do: generate reliable income and preserve capital through varying market cycles.

Tax Efficiency Through Active Management

Owning individual securities also delivers unmatched tax efficiency. Because every client has a unique cost basis, we can actively harvest losses when markets fluctuate — using those realized losses each year to offset gains elsewhere or even up to $3,000 in ordinary income. This process helps smooth the tax impact of investing and compounds long-term results. By contrast, investors in mutual funds and ETFs are often blindsided by surprise year-end capital-gain distributions they can’t control — even when the fund’s value is declining.

Bottom Line: Wealth Managed Personally and Precisely

In short, an ACM private account gives you control — over what you own, what you earn, and what you keep after taxes. It aligns your portfolio with your personal circumstances, not the averages of a model account or fund’s shareholders. In my opinion, there’s nothing like it in our industry at the account levels we provide. I believe that’s how wealth should be managed: personally, purposefully, and with precision.

Advisors Capital Management, LLC is an investment advisor registered with the United States Securities and Exchange Commission. Registration does not imply any degree of skill or training. All investing carries risk, including the potential for the loss of principal and past performance is no guarantee of future results. This content is for informational purposes only, can change at any time without notice, and is not investment advice or a recommendation to trade any security. Indices are not available for direct investment. We only provide services in jurisdictions where we are registered. Our disclosure brochure (ADV Part 2A) and customer relationship summary (ADV Part 3) are available at https://adviserinfo.sec.gov and upon request.