Overview
A) Clients use the services provided by ECM for a variety of purposes. Some want to learn how to save
for the college education of their children. Some wish to know if they’re on track for a comfortable
retirement. The typical ECM client is either retired, preparing to retire or accumulating wealth. After an
initial meeting, ECM will develop a plan to help clients meet their financial goals. If appropriate, prior to
implementing the plan, an Investment Policy is prepared for and signed by the client. Once signed, ECM
will begin to invest the client’s assets according to the Policy. This helps avoid confusion and
misunderstandings. Edward W. Eagan is the Managing Member of ECM, its sole owner and only
member. He has worked in the financial services industry since May 1988. He started his Investment
Advisory business in 1998 and created an LLC within which to conduct his advisory practice in March
2001. ECM is not a publicly traded company.
B) Investment portfolio management is the most common service provided by ECM. The portfolio
management process is described in Item #8 below. For many clients who are not retired, ECM will
prepare a goal–specific financial plan to help them determine if they’re on track to reach their objective.
Those goals might include retirement, funding their children’s college education, buying a second home
or leaving a legacy. In very rare instances, a client
will ask ECM to prepare a thorough financial plan.
Only in those instances does ECM charge a fee for the preparation of the comprehensive plan. Clients
may impose restrictions as to the types of investments held within their accounts. However, none have
chosen to do so. ECM also acts as a Solicitor for Hammer Asset Management, LLC (“HAM”) - a registered
investment adviser. The investment methodology used by HAM often appeals to investors interested in
active (versus passive) management and which includes the ownership of individual stocks and bonds.
C) All financial plans, as well as investment portfolios, are tailored to the individual client’s needs. Many
factors are taken into consideration when tailoring an investment portfolio to a particular client. Some
of the items considered are investment objectives, time horizon, risk tolerance, tax bracket,
inheritances, other assets owned, business interests, investment experience, how the assets are owned,
marital status, children, estate plans, gifting plans, and charitable bequests, among others. Whereas
many clients will own similar investments, their particular portfolio composition will be unique in an
effort to reflect their individual investment objectives.
D) ECM does not currently participate in wrap fee programs.
E) As of December 31, 2023, ECM managed approximately $77,842,506 in assets on a discretionary
basis.