Wulff, Hansen & Co.

Wulff Capital Management, a division of Wulff, Hansen & Co., is a registered investment adviser established in 1931, with over 90 years of experience in the San Francisco Bay area. The firm primarily offers investment management services for portfolios consisting of publicly traded securities. They do not provide financial planning services or manage portfolios with non-securities investments. The firm's investment decisions are tailored to individual client needs and circumstances, with approximately $132 million in assets under active discretionary management as of December 31, 2024. For compensation, Wulff Capital Management charges asset-based fees ranging from 0.50% to 1.25% of the client's net asset value, billed quarterly in advance. The firm generally does not negotiate fees but may offer discounts in specific circumstances. Clients are encouraged to review monthly or quarterly statements from the custodian holding their assets and receive additional written reports from the firm. The firm does not charge performance-based fees and does not generally accept authority to vote proxies on behalf of clients. Clients are responsible for voting proxies and making decisions regarding optional tender offers. Wulff Capital Management does not accept payments from third parties and does not have custody over client accounts, except for fee payment arrangements. The firm's investment strategies primarily involve fundamental and cyclical analysis to select relatively liquid publicly traded securities. They do not recommend highly speculative securities or certain types of investments like cryptocurrencies or direct participation in real estate. Clients are advised that investing in securities involves inherent risks, and the firm encourages clients to be aware of potential risks associated with their investments.