Beach Investment Counsel, Inc

Beach Investment Counsel, Inc. is an investment adviser based in West Conshohocken, Pennsylvania, established in 1996 and registered with the SEC. The firm specializes in providing discretionary investment advisory services to individuals and institutions with separately managed accounts, tailoring services to meet specific investment objectives and strategies. They manage over $1 billion in client assets on a discretionary basis. The fee structure ranges from 0.20% to 1.5% per annum for Core Managed Account Group clients and 0.20% to 1% per annum for Private Client Group Clients. The firm may receive performance-based fees and side-by-side management compensation. Investment strategies include a focus on long-term total return through a combination of asset classes, fundamental research, charting analysis, and technical tools. Risk factors include interest rate risks, lack of diversification, leverage, short selling risks, and investments in foreign securities and REITs. The firm may engage in soft-dollar arrangements for research and brokerage services and has procedures in place to address conflicts of interest. Beach Investment Counsel, Inc. exercises investment discretion for clients and has policies for error correction and trade allocation. The firm does not vote proxies unless required by the client's agreement and maintains financial stability without prepayment requirements or bankruptcy history.