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A. Avocet Capital Management LLC
Avocet Capital Management LLC (“Avocet” or the “firm”) is a single, individual member Illinois limited
liability company. Alan Loewy is the sole member. Avocet offers investment advisory and financial
planning services to its clients.
B. Advisory Services Offered
Avocet is an independent asset management and financial planning firm offering a variety of financial
services to various types of clients, including individuals and high-net-worth individuals, trusts and
estates, corporations and other businesses.
Discretionary Asset Management Services
Avocet's Investment Advisory Services consist of its management of client accounts on a discretionary
basis. For its discretionary asset management services, Avocet receives a limited power of attorney to
effect securities transactions on behalf of its clients that include securities and strategies described in Item
8 of this Brochure. In addition, Avocet will remind clients of their obligation to inform Avocet of any
changes to their financial circumstances, investment objectives or risk tolerance or of any modifications or
restrictions that should be imposed on the management of the client’s account. Avocet will also contact
clients at least annually to determine whether there have been any changes in a client's personal financial
circumstances, investment objectives and tolerance for risk.
Avocet will structure a portfolio based on an assessment of the client’s financial situation, return
expectations, sensitivity to volatility, and an assessment of the economic and market environment. The
client may impose reasonable restrictions concerning the management of his or her account(s).
Financial Planning Services
Avocet offers its financial planning services on an hourly basis. Clients will receive a written or oral report
(depending on the client’s preference), providing the client with a detailed financial plan designed to help
achieve the client’s stated financial goals and objectives. Generally, any of the categories below require a
minimum of ten hours to compile the necessary data to formulate recommendations. Based on the
client’s needs, financial planning services may include, but are not limited to, the following:
Preparation of a recommended asset allocation that serves to diversify the client's portfolio
among different categories of investments such
as small, medium, and large capitalization
securities; corporate and government fixed income (short, intermediate, and long-term
maturities); emerging market securities (i.e., foreign issuers); and such other asset categories that
are suitable in light of the client's investment goals, objectives, and risk tolerance.
Preparation of an investment policy statement setting forth the investment plan of the client with
specific direction in terms of diversification requirements, tax issues, estate planning issues, risk
tolerance, retirement, and other identified objectives of the client, including a targeted rate-of-
return objective.
Preparation of a retirement plan that serves to identify whether the client is saving enough and
investing in a way that meets retirement objectives in light of the client's financial circumstances
and risk tolerance.
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Preparation of cash flow projections to ensure the client is able to meet daily living expenses and
obligations.
Preparation of an estate plan to ensure that wealth transition, tax, and related issues are met in
accordance with the client's wishes. In many instances, an outside attorney will need to be hired
to handle specific legal issues that arise in the formation and implementation of an estate plan.
Avocet gathers required information through in-depth personal interviews and questionnaires.
Information gathered include a client's current financial status, investment objectives, future goals, and
attitudes toward risk. Related documents supplied by the client are carefully reviewed, and a report is
prepared covering one or more of the above-mentioned topics as directed by the client.
C. Client Tailored Services and Client Imposed Restrictions
Each client’s account will be managed on the basis of the client’s financial situation and investment
objectives, and in accordance with any reasonable restrictions imposed by the client on the management
of the account—for example, restricting the type or amount of security to be purchased in the portfolio.
D. Wrap Fee Programs
Avocet does not participate in wrap fee programs. (Wrap fee programs offer services for one all-inclusive
fee.)
E. Client Assets Under Management
As of December 31, 2022, Avocet had $102,962,581 of discretionary assets under management and
$3,129,763 of non-discretionary assets under management.
Item 5: Fees and Compensation