History
Axiom Asset Management (“Axiom”) was formed in 2003 by Michael C. Heaberg, Chief Executive Officer; Robert
Loreaux, Executive Vice President; and Albert Matt, President.
In 2007, WealthTrust LLC bought a financial stake in Axiom Asset Management. WealthTrust LLC, a Scottsdale,
Arizona-based holding company, was a strategic financial partner for U.S.-based investment management firms that
provided comprehensive wealth management services to individuals and families. WealthTrust strengthened each
affiliate by providing execution and support in compliance and back-office services.
On May 31, 2017 WealthTrust LLC sold their financial stake to Hightower Holding LLC performing back-office like
functions and other support.
Axiom Asset Management's principal owners are Hightower Advisors, LLC, Michael Heaberg, Robert Loreaux, Albert
Matt, and Craig Rose.
Unchanged through our history, Axiom Asset Management was formed to provide investors with a distinctive
investment approach. In our view, most investment firms are plagued by competing agendas that sap energy and
creativity that should be directed toward solving problems and building wealth for clients. Axiom Asset Management
is structured to allow a single-minded focus on our clients’ success.
Business
WealthTrust Axiom, also known as Axiom Asset Management, has the principal business of furnishing “investment
advisory services” to clients. Axiom Asset Management is structured to allow a single-minded focus on our clients’
success. This activity includes providing continuous advice concerning the investment of monies consistent with each
client's circumstances, preferences, and objectives.
The investment management process includes an assessment of each client’s objectives, needs, restrictions, and
portfolio holdings. We attempt to structure each client’s investment portfolio in the context of these considerations.
Axiom Asset Management’s investment philosophy is based upon:
• Customized and Personal - Our relationships begin with extensive profiling of each client’s investment
attitudes and objectives. Using fundamental principles, we build and manage a family’s household of assets
according to their unique balance of growth, income, and tax minimization. The client may request
restrictions on our ability to implement particular investments or strategies if that is the client’s preference.
Axiom Asset Management’s clients have direct access to our experienced portfolio managers for ongoing
discussions of their changing needs and portfolio allocations.
• Value, Growth, Contrarian, and Opportunistic - We seek to find value and minimize risk by using
rigorous and diligent research, often among “out of favor & reasonably valued” companies or industry
sectors using rigorous and diligent research, often among “out of favor & reasonably valued” companies,
industry sectors, and/or companies with compelling sales and earnings growth. Focusing on company
fundamentals and quality, we believe our approach has been successful in rising markets and, perhaps more
importantly, in stagnant or declining markets with our use of cash as a hedge.
• Experienced Personnel—In our view, there is no substitute for investment
experience. Both our
investment and operational staff average over 20 years of working with individuals and families to achieve
investment success.
Our investment management services consist primarily of discretionary asset management, under which we determine
and implement investment and reinvestment decisions on behalf of the client through the use of equity, fixed income
(ultra-short, short-term, intermediate, and long-term), and balanced (between equity securities such as stocks and fixed
income securities such as municipal or government bonds) portfolios.
Axiom Asset Management 5 March 2024
Axiom Asset Management allocates its clients' investment management assets, on a discretionary or non-discretionary
basis, among individual equity and bond securities, mutual funds, and exchange-traded funds in accordance with their
investment objectives.
Axiom does not receive fee compensation through front-end loads or 12b-1 fees for RIA fee business if mutual funds
are used.
Where deemed appropriate for a client’s investment objectives, Axiom Asset Management may engage a third-party
investment manager on a sub-advisory basis to provide investment management services to the client in asset classes
such as fixed income. These third-party investment management services are subject to review by the firm.
Axiom Asset Management investment advisory services are generally executed through discretionary management of
investment portfolios in accordance with the client's investment objective(s) and subject to any investment restrictions
imposed or added by the client and applicable regulatory restrictions. Clients may also engage Axiom Asset
Management investment advisory services on a non-discretionary basis at their request.
Financial Planning: Axiom may provide consulting services on investment-related matters for which we may or may
not receive additional compensation. Such planning may or may not include:
• Retirement Planning
• Education Planning
• Insurance and Risk Management Planning
• Asset Allocation and Portfolio Analysis
• Cash Flow Analysis
• Estate Planning in coordination with a client’s attorney and CPA. Axiom does not provide tax or legal advice
or prepare such related documents.
Axiom may provide pension consulting services to employee benefit plans and their fiduciaries by providing education
and an analysis of the needs of the plan, including the type of securities or investments that may be included as
investment options for the plan participants. Axiom will also assist in performance monitoring & general plan
communication. Services generally include client assistance with developing long-term financial objectives,
determining risk tolerances, and educational advice in selecting asset allocations. Axiom Asset Management does not
act as a Plan Sponsor or Administrator of retirement plans. Axiom’s role is as an advisor to the plan trustees or Plan
Sponsor.
The dollar amount of client assets we manage on a discretionary basis as of:
12/31/2023 = $581,589,958
The dollar amount of client assets we manage on a non-discretionary basis as of
12/31/2023 = $146,559,246
Axiom Asset Management 6 March 2024