Overview
A. Description of the Advisory Firm
This firm has been in business since August 10, 2010, and the principal owner is Dennis
William Voigt.
B. Types of Advisory Services
Bascomb Madison & James Capital Management (hereinafter “BMJCM”) offers the
following services to advisory clients:
Portfolio Management Services
BMJCM offers ongoing portfolio management services based on the individual goals,
objectives, time horizon, and risk tolerance of each client. BMJCM creates an Investment
Policy Statement for each client, which outlines the client’s current situation (income, tax
levels, and risk tolerance levels) and then constructs a plan (the Investment Policy
Statement) to aid in the selection of a portfolio that matches each client’s specific
situation. Investment Advisory Services include, but are not limited to, the following:
• Investment strategy • Personal investment policy
• Asset allocation • Asset selection
• Risk tolerance • Regular portfolio monitoring
BMJCM evaluates the current and future investments of each client with respect to their
risk tolerance levels and time horizon. BMJCM will request discretionary authority from
clients in order to select securities and execute transactions without permission from the
client prior to each transaction. Risk tolerance levels are documented in the Investment
Policy Statement, which is provided to each client.
Management of Existing Investments
For some clients we will agree to manage their existing investment managers.
Specifically, we will:
• Assist the clients in preparing an investment policy statement;
• Balance and allocate the investment categories of the investment policy statement
among the investment advisors;
• Monitor the investment advisors' performance and compare it against
benchmarks for each investment category (at least quarterly and many cases
monthly);
• Periodically review the performance analysis with the client (at least semi-
annually and more frequently as appropriate);
• Flag substandard performance for review with the client and the advisor (at least
annually and more frequently as appropriate);
• Rebalance the overall portfolio among the investment advisors periodically (at
least annually and more frequently as appropriate) to meet the objectives of the
investment policy statement; and
• Review the investment policy statement and investment categories periodically
(at least annually) in light of changing economic conditions.
The custodian of the funds will be the custodian selected by the existing investment
advisor and new investment advisors as they are added to the mix.
High Net-Worth Clients with Multiple Investment Managers
BMJCM will offer the following services to these clients:
• Help clients develop an overall Investment Policy Statement
• Help clients select their investment managers
• Monitor and
manage the investment managers, including making
recommendations for rebalancing asset allocations between and within
investment manager portfolios.
All funds are held by the custodians of the other investment managers. BMJCM does not
have discretion to trade any securities without the authorization of the clients. The
overall asset allocation is defined by the overall Investment Policy Statement developed
by BMJCM and the client. Any change in asset allocation for any individual investment
manager is governed by the overall Investment Policy Statement. BMJCM may be
granted authority to trade a specific security in individual client accounts based on a
written trade authorization. In the case of an individual written trade authorization,
BMJCM may be granted discretion as to the timing of the entry, the size of the entry (up
to some limit) and the timing of the exit.
Selection of Other Advisors
BMJCM may direct clients to third party money managers. BMJCM may be
compensated via a fee share from the advisors to which it directs those clients. This
relationship will be disclosed in each contract between BMJCM and each third-party
advisor. The fees shared will not exceed any limit imposed by any regulatory agency.
Before selecting other advisors for clients, BMJCM will always ensure those other
advisors are properly licensed or registered as investment advisor.
Financial Planning
Financial plans and financial planning may include, but are not limited to: investment
planning; life insurance; tax concerns; retirement planning; education planning; and
debt/credit planning.
Services Limited to Specific Types of Investments
BMJCM limits its money management to mutual funds, options, equities, bonds, fixed
income, debt securities, ETFs, third party money managers, REITs, real estate, private
equity, and government securities. BMJCM may use other securities as well to help
diversify a portfolio when applicable.
C. Client Tailored Services and Client Imposed Restrictions
BMJCM offers the same suite of services to all of its clients. However, specific client
financial plans and their implementation are dependent upon the client Investment
Policy Statement which outlines each client’s current situation (income, tax levels, and
risk tolerance levels) and is used to construct a client specific plan to aid in the selection
of a portfolio that matches restrictions, needs, and targets.
Clients may not impose restrictions in investing in certain securities or types of securities
in accordance with their values or beliefs.
D. Wrap Fee Programs
BMJCM does not participate in any wrap fee programs.
E. Amounts Under Management
BMJCM has the following assets under management:
Discretionary Amounts: Non-discretionary Amounts: Date Calculated:
$ 106,043,423 $ 0.00 December 2023