Beck, Mack & Oliver LLC

Beck, Mack & Oliver LLC is a registered investment adviser founded in 1931, providing asset management services primarily through separately managed accounts. The firm focuses on process-driven investment performance and a value-based investment discipline, managing approximately $5.8 billion in assets for various clients. Their investment strategy involves investing in financially strong companies with growth potential and using high-quality fixed-income securities for stability. Portfolios consist of U.S. and foreign securities, including equities, bonds, and municipal bonds. The firm offers discretionary investment management, tailoring portfolios to client objectives and risk tolerance. BM&O also manages the Beck, Mack & Oliver Partners Fund and other investment vehicles with specific strategies and objectives. Clients are billed based on a tiered fee schedule, with fees negotiated individually. The firm does not charge performance-based fees, except for specific partnerships. BM&O does not have custody of client assets and encourages clients to review custodial statements regularly. The firm's Code of Ethics emphasizes fiduciary duty, confidentiality, and conflict of interest management. Clients receive regular account reviews and can have the firm vote proxies on their behalf. BM&O's financial condition is sound, with no impairments affecting client commitments. For further inquiries, clients can contact Maria de León, the Chief Compliance Officer.