Valueworks, LLC

ValueWorks LLC is a Registered Investment Advisor offering two Wrap Fee Programs: The GMS Group, L.L.C. Wrap Fee Program and The Charles Schwab-ValueWorks Wrap Fee Program. The GMS Program typically charges 2.25% of assets under management, while the Charles Schwab Program charges 1.50%. Minimum account sizes for both programs are $100,000, with discretion for lower or higher amounts. ValueWorks caters to high net worth individuals and small institutions, managing various account types including trusts, IRAs, and pensions. Their investment philosophy focuses on value-based investing, aiming to purchase assets at a discount to their actual worth. ValueWorks serves as the Investment Manager for all accounts, offering Capital Appreciation, Balanced, and Long-biased strategies. The firm's investment analysis process involves identifying undervalued securities, appraising their assets, assessing claims against these assets, and re-evaluating positions regularly. ValueWorks also offers Performance-Based Fees for qualified investors, leveraging a bottom-up, value discipline. The firm acts as a fiduciary, prioritizing clients' interests and providing transparency in proxy voting policies. ValueWorks' Code of Ethics emphasizes compliance, ethical practice, and fiduciary duties. The firm discloses potential conflicts of interest, such as recommending its own investment vehicles. Personal trading activities are monitored to ensure alignment with client transactions. ValueWorks compensates referral partners and maintains financial stability to meet contractual obligations with clients.