Overview
Firm Description and History
Colman Knight Advisory Group, LLC (“Colman Knight”, “CK” or the “Advisor”) is a fee-only, federally registered
investment advisor with its principal place of business located in Acton, Massachusetts. The firm was established
in January 2003 as a Massachusetts limited liability company and has three members: Richard Colman, Gayle
Colman, and Joseph James Knight Colman. The principal owners, Rich Colman and Gayle Colman, are
responsible for all investment decisions on behalf of Clients and collectively have over sixty years of experience
in the financial services industry. The firm currently has five investment professionals. For more information about
the team please consult the Colman Knight Advisory Group Brochure Supplement.
Advisory Services:Colman Knight provides a broad range of project–based and comprehensive
financial planning and consulting services which may include tax-related and other non-investment related
matters. We charge a fixed fee for these services. The client is under no obligation to act upon any of the
recommendations made by Colman Knight and/or engage the services of any such recommended
professional, including Colman Knight itself. The client retains absolute discretion over all such
implementation decisions and is free to accept or reject any recommendation from Colman Knight.
Colman Knight’s clients are advised to promptly notify Colman Knight if there are ever any changes in
their financial situation or investment objectives, o r if they w ish to impose any reasonable restrictions
upon Colman Knight’s management services.
For some clients, Colman Knight may manage their accounts through asset allocation services through the
mutual fund sponsors. Under this arrangement, Colman Knight's client opens a custody account with a
qualified custodian affiliated with the investment advisor to the mutual fund family. The investment advisor
(or an affiliate) provides model investment strategies based on an allocation of the client’s assets to selected
investments by the mutual fund family. Colman Knight will select the appropriate allocation based on the
client's investment objectives and monitor the performance of the account. There are no additional fees
associated with this arrangement. Clients also may have investments in equities and fixed income securities
in their portfolio.
Other Services:Colman Knight may also render non-discretionary investment management services to
clients relative
to: (1) variable life/annuity products that they may own, and/or (2) their individual employer-
sponsored retirement plans. In doing so, Colman Knight recommends the allocation of client assets among
the various mutual fund subdivisions that comprise the variable life/annuity product or the retirement
plan. The client assets shall be maintained at either the specific insurance company that issued the variable
life/annuity product, which is owned by the client, or at the custodian designated by the sponsors of the
client’s retirement plan.
Strategy and Objective
Colman Knight provides investment advisory services to individuals, including high net worth individuals.
We provide non-discretionary investment management services utilizing a fundamental global approach
that reviews most, if not all industry sectors, approach to investing. CK’s investment strategy is a buy/hold
with a global view not focusing on any particular sector.
Colman Knight assists clients with developing investment objectives and an asset allocation strategy, and by
providing portfolio structure analysis and asset rebalancing. However, the final decision regarding the
strategic asset allocation typically remains with the client.
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Client investments are not limited to any specific product or service offered by a broker dealer or
insurance company. Colman Knight will primarily invest in individual debt and equity securities, mutual
funds, index funds, exchange-traded funds, and/or options in accordance with the client’s investment
objectives.
Clients should be aware of investment and other risks, restrictions on withdrawals and other information
relevant to their investment. Additional information on certain investment risks is provided under Item 8,
subsection Market, Security and Regulatory Risks below.
Tailored Advisory Services: Advisory services recommendations are tailored to the individual needs of the
individual client. Clients may impose guidelines or restrictions on certain types of securities or
investments, but such restrictions must be provided in writing.
Wrap Fee Programs: Wrap fee programs generally are arrangements where clients are charged a single fee
for both advisory services and brokerage commissions. Colman Knight does not participate in wrap fee
programs.
Assets Under Management
As of December 31, 2023, Colman Knight had $28,698,080.00 in discretionary and $ $122,948,706.00
in non- discretionary assets under management (AUM).