Closed-end Fund Advisors

CEF Advisors, Inc. is a registered investment advisory firm founded in 1989, located in Richmond, Virginia. The firm specializes in investment management services, primarily focusing on closed-end funds and business development companies (BDCs). They manage assets by selecting a variety of closed-end funds to meet client investment goals, adjusting allocations as market conditions change. The firm's investment philosophy emphasizes long-term capital appreciation and income generation. Clients are required to have a minimum account size of $2,500,000 per household for most models, with a household minimum investment value of $2,500,000. CEFA charges asset-based fees, calculated quarterly based on the account value. The firm does not engage in financial planning services and does not offer insurance products. CEFA's investment strategies include fundamental and technical analysis, focusing on factors such as yield, discount opportunities, and dividend sustainability. The firm's portfolio management team consists of John Cole Scott, Daniel Silver, and David W. Carter, among others. CEFA offers various portfolio models tailored to different investment objectives, such as diversified equity, hybrid income, and tax-sensitive income. Clients have the option to direct brokerage, with recommendations to establish accounts at Charles Schwab for custody and trading services. CEFA does not vote proxies on behalf of clients and does not have any financial impairments that would affect client commitments.