Shaker Financial Services

Shaker Financial Services, LLC is a financial advisory firm established in 2007, with a predecessor firm dating back to 1995. The firm specializes in providing investment supervisory services on a discretionary basis, managing accounts for individuals, families, trusts, and retirement accounts. Their investment strategy focuses on Closed-End Funds (CEFs), aiming to capture discounts and enhance returns through quantitative strategies. They maintain globally diversified portfolios with specific allocations to equity funds, bond funds, and fixed income positions tailored to clients' risk levels and preferences. As of December 31, 2024, the firm managed approximately $260 million for around 350 clients. Fees are asset-based and charged quarterly, ranging from 1.50% to 1.00% based on the account size. The firm is a fiduciary, acting in clients' best interests, and does not charge performance fees. Clients typically have a minimum account size of $100,000, which is negotiable under certain circumstances. Shaker Financial Services exercises investment discretion over client accounts, with clients having the ability to place reasonable restrictions. The firm has not been involved in any legal or disciplinary events in the past ten years. Clients' accounts are held at an unaffiliated custodian, and the firm has implemented policies for voting client securities and maintaining compliance. The firm's key personnel include Robert Shaker, Kathy Shaker Baummer, and Daniel Gordon, each with specific roles and responsibilities within the firm.