Overview
Bason Asset Management (Bason) was formed in 2012 in Lakewood, Colorado. The principal owner is
James Osborne. We have no public or privately-owned affiliated companies. Bason provides portfolio
management and financial planning services, including investment advice to individuals and families
and ERISA retirement plans. Portfolio management services, provided under Bason’s Asset
Management Agreement, include initially reviewing clients’ existing investment portfolios and other
data, developing an investment policy statement, providing investment recommendations consistent
with clients’ stated financial objectives, and implementing these recommendations at a third-party
custodian (see Custody on page 8). Portfolio management services also include the ongoing monitoring
of the investment portfolio, including quarterly account performance reporting, asset allocation
analysis and updating, rebalancing and tax-loss harvesting recommendations, and annual portfolio
review meetings with clients. Investment recommendations are primarily limited to open-end mutual
funds and exchange-traded funds, but we also serve to help clients with existing positions in individual
stocks. We do not advise our clients to invest in individual stocks and bonds.
All client portfolios are customized and built for each individual relationship, although many clients will
hold similar securities and allocations. The portfolio construction process begins with a discussion
of
the client's goals and risk tolerance to determine a suitable long-term investment portfolio. We do not
participate in wrap fee programs and investment management fees are not linked to a client's portfolio
value.
Bason provides fiduciary services, including 3(21) and 3(38) fiduciary services, to ERISA retirement plans,
including profit sharing 401(k) plans and defined benefit plans. These services include investment plan
offering review and selection, model portfolio development, monitoring and management and regular
compliant reporting to plan sponsors. Reporting includes plan benchmarking and 408(b)(2) fee and
service disclosure.
Financial planning services include retirement income planning, education funding planning, stock
compensation planning, insurance needs analysis, multi-generational financial planning, and
philanthropic planning.
When Bason provides investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income
Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement
accounts. Bason operates under a special rule that requires us to act in your best interest and not put
our interest ahead of yours.
As of December 31, 2022, Bason had assets under management of $568,108,000 in discretionary assets
and $5,827,000 in non-discretionary assets.