Magnolia Capital Management, Ltd. is a SEC-registered investment adviser with its principal
place of business located in Cold Spring, New York. Magnolia Capital Management, Ltd.
began conducting business in 2002.
Magnolia Capital Management is family controlled and privately owned. It does not solicit or
accept investment advisory relationships from the public. It offers its services only to the
families of its shareholders or clients personally well known to its directors. Neither it nor its
supervised persons receive commissions, bonuses or other compensation based on the sale
of securities or other investment products. It advises only with respect to "long-only"
investments and only recommends securities which are publicly traded on recognized
exchanges. It does not recommend options or other forms of derivative securities.
Listed below is the firm's principal shareholder (i.e., those individuals and/or entities
controlling 25% or more of this company).
Thomas Jefferson Cunningham, III
Magnolia Capital Management, Ltd. offers the following advisory services to our clients:
INVESTMENT SUPERVISORY SERVICES ("ISS")
INDIVIDUAL PORTFOLIO MANAGEMENT
Our firm provides continuous advice to a client regarding the investment of client funds based
on the individual needs of the client. Through personal discussions in which goals and
objectives based on a client's particular circumstances are established, we develop a client's
personal investment policy and create and manage a portfolio based on that policy. During
our data-gathering process, we determine the client’s individual objectives, time horizons, risk
tolerance, and liquidity needs. As appropriate, we also review and discuss a client's prior
investment history, as well as family composition and background.
We manage these advisory accounts on a discretionary or non-discretionary basis. Account
supervision is guided by the client's stated objectives (i.e., asset preservation, growth,
income, or growth and income), as well as tax considerations.
Clients may impose reasonable restrictions on investing in certain securities, types of
securities, or industry sectors.
Our investment recommendations are not limited to any specific product or service offered by
any other investment advisor, a broker-dealer or insurance company and will generally
include advice regarding the following securities:
Exchange-listed securities
Corporate debt securities (other than commercial paper)
Certificates of deposit
Municipal securities
Mutual fund and ETF/ETN shares
United States
governmental securities
Interests in publicly traded partnerships investing in real estate, energy and timber
Mutual funds are generally only recommended by the company in order to provide exposure
to specialized asset classes in certain portfolios.
Because some types of investments involve additional risk, they will only be
implemented/recommended when consistent with the client's stated investment objectives,
tolerance for risk, liquidity and suitability.
Once the client's portfolio has been established, we review the portfolio periodically, but not
less than quarterly, and if necessary, rebalance the portfolio based on the client's individual
needs and objectives.
AMOUNT OF MANAGED ASSETS
As of 12/31/2023 we were actively managing $170,389,374 of clients' assets on a
discretionary basis plus $31,628,307 of clients' assets on a non-discretionary basis.
Other Services
Magnolia Capital Management also offers three additional services to its clients.
One-time or periodic review of the structure and performance of client investment
accounts held at other unrelated financial intermediaries (e.g. investment advisors or
broker-dealers, etc.) and not at Magnolia Capital.
Preparation of comprehensive financial plans for its clients, particularly in connection with
retirement or estate planning (usually in conjunction with the client's tax and legal
advisors).
Provision of project specific consulting services (such as advice on business or real estate
investments or disposals, etc.).
This Brochure generally includes information about Magnolia Capital Management, Ltd. and
its relationships with its clients and affiliates. While much of this Brochure applies to all such
clients and affiliates, certain information included herein applies to specific clients or affiliates
only. The descriptions set forth in this Brochure of specific advisory services that Magnolia
Capital Management, Ltd. offers to clients, and investment strategies pursued and
investments made by us on behalf of our clients, should not be understood to limit in any way
our investment activities. We may offer any advisory services, engage in any investment
strategy and make any investment, including any not described in this Brochure, that we
consider appropriate, subject to each client's investment objectives and guidelines. The
investment strategies that we pursue may entail material risks. Clients should be prepared to
bear a loss of some or all of their capital. There can be no assurance that the investment
objectives of any client will be achieved.