Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC, established in March 2002 by Brian C. Baker, CFA, and Barnes C. Ellis, offers investment management services for individuals, trusts, businesses, and foundations. The firm utilizes fundamental analysis to identify attractive investments, including equities, mutual funds, ETFs, bonds, and other assets. As fiduciaries under ERISA, they prioritize clients' best interests. Accounts are individually managed without commingling funds, allowing for customization based on client needs. With approximately $874 million in discretionary assets under management as of December 31, 2024, Baker Ellis exercises full discretion over accounts, although client requests for consultative management may be accommodated. Fees are calculated as a percentage of assets under management, typically 1.5% or less annually, with negotiable terms. The firm does not charge performance fees, aligning their interests with clients'. Investment strategies focus on long-term value investing and diversification, with a risk of loss inherent in all securities investments. The firm's Code of Ethics ensures client confidentiality and compliance with securities laws. Clients typically have a minimum investment of $1 million per household, although exceptions may be made. The firm primarily works with Fidelity Investments for brokerage services, seeking to minimize fees and provide high-quality executions. Clients receive quarterly performance reports and newsletters, with custodial statements showing account details. Baker Ellis does not engage in third-party solicitation, and client assets are held with a custodian to ensure security and transparency. The firm exercises full discretion over selecting securities for client accounts, with proxy voting aligned with client interests. The team includes Brian C. Baker, Barnes C. Ellis, and JB Groh, all experienced professionals in the investment industry.