Overview
Founded in 1995 by Michael D. Axel, CFA, AMI provides independent investment management services
to individuals and institutions. AMI is a registered investment advisor (RIA) fully owned by management
(Mr. Axel). AMI focuses on providing investment management services primarily for long-term
investors. Our goal is to protect and enhance the purchasing power of our clients’ assets and our
guiding principle is to treat clients the way we would want to be treated if our roles were reversed. We
aim to avoid conflicts of interest between us and our clients, operate with full transparency, carry on a
high-quality and meaningful dialogue with our clients, adhere to sound long-term investing principles
and rely on our bottom-up fundamental research when constructing investment portfolios.
AMI focuses on the management of our clients’ investment assets. We work with our clients to develop
an investment policy statement (IPS) that meets their long-term goals and objectives. The IPS typically
sets forward limits on what percentage of the client’s portfolio can be invested in a given asset class
(e.g. stocks or bonds). The IPS is crafted to meet both the client’s ability and willingness to accept
investment risk. AMI generally has discretionary authority over our clients’ investments, meaning that
we are able to make decisions regarding the purchase or sale of
investment securities without obtaining
the consent of the client. Clients are generally free to impose restrictions on investing in certain
securities or types of securities, although the majority impose no such restrictions outside of the
standard language set forth in the IPS.
AMI invests across a broad range of securities, including but not limited to domestic and international
stocks, corporate and sovereign bonds, real estate investment trusts, exchange-traded funds and mutual
funds. AMI invests in alternative investments if given authority by the client. For qualifying clients, this
could include private investment structures such as limited partnerships (such investments require
specific client approval). We do not limit ourselves to providing advice to any specific set of investments
or investment classes. More information on our investment strategies can be found in Item 8.
As of December 31, 2023, AMI managed $705,315,450 million in assets. AMI does not participate in any
wrap fee programs.
AMI also offers financial planning services for our clients. Such services may include investment
planning, retirement planning, educational planning, estate planning, cash flow planning, business
planning and other areas of analysis. Clients are responsible for the implementation of any plan
recommendations, which may or may not be offered in writing.