Corporate History
InTrack Investment Management, Inc., previously Sopher Investment Management, has been in business
providing advisory services since 1992. In 2016, Peltzer Capital Management joined InTrack Investment
Management. The advisory firm has offices in South Burlington and Norwich, Vermont. The company’s
Managing Partner and principal owner is Myron R. Sopher. Partners and owners in the firm include
Myron R. Sopher, Brett C. Peltzer, CFA and MBA, Matthew D. Johnson, CFA. Brandon D. Tieso is an
employee of the firm. Jan E. Peltzer serves as a consultant to the firm.
Advisory Services
Investment Management Services
InTrack Investment Management (InTrack) clients and their families know our advisers are there to help
them navigate change and stay on course to achieve their long-term financial goals by managing their
investments. InTrack’s advisers integrate their understanding of a client’s individual circumstances and
values with their expertise in finance, global economics, entrepreneurial ventures, impact investing, and
socially responsible investing. Using the information collected, the adviser determines asset allocation,
then constructs and manages the client’s portfolio based on the stated objective. While InTrack’s goal is
to help clients manage their assets and financial lives, plus assist them in building and sustaining wealth,
our advisers’ greatest pleasure is being an ever-present, trusted resource.
InTrack’s advisers use their expertise to manage complex trust situations, provide solutions to
concentrated investment positions, oversee clients’ retirement funds and help clients balance risk with
other non-retirement accounts. Advisers assist clients with planned goals (saving for college, medical
expenses) or unplanned events (death of a loved one and the transition of assets from one generation to
the next). If a client requests that their adviser examine retirement planning and other investments related
to retirement, the adviser may provide suggestions. Advisers educate clients so they understand their
investments and the factors that affect their investments. InTrack’s investment advisory services are fee-
based.
Our investment strategies utilize publicly traded equities, fixed income and cash securities as described
below.
• Stocks.
• Bonds including municipal, treasury, corporate, and foreign bonds that are investment grade.
InTrack cannot control bond holdings in mutual funds and informs clients of this fact. Certain
mutual funds may include lower than investment grade fixed income bonds.
• Exchange traded funds (ETFs)
• Mutual funds.
• Cash, cash equivalents, and certificates of deposit.
• Structured notes, private placements
The majority of clients that work with InTrack advisers do so on a discretionary basis. If a client engages
InTrack on a non-discretionary investment advisory basis, the client must accept that InTrack Investment
Management cannot affect any account transactions without obtaining prior verbal consent from the
client. This applies even in the event of a market correction. Without consent from the client, an adviser
does not have the authority to execute trades.
Financial Planning Services
InTrack Investment Management offers customized financial planning services. The client can elect a
one-time financial plan or a service that includes annual updates to the original plan. The financial
planning service reviews personal and financial information using a fact gathering worksheet and investor
profile questionnaire, interview process, current financial statements, income taxes, and estate planning
documents. InTrack utilizes eMoney software in the preparation of the financial plan. eMoney software
allows the client to view a consolidated asset allocation of their financial assets which can include assets
InTrack does not manage. The plan may include an income, spending, and savings analysis while
incorporating the client’s goals such as retirement and education savings. If requested, advisers analyze
the client’s current investments and make recommendations based on the plan’s results. It is entirely the
client’s decision to implement the plan, parts of the plan, or disregard the recommendations.
Although InTrack may make recommendations, the firm is not responsible for the investment
performance of any assets not managed by InTrack. If the client chooses to implement any of the plan’s
recommendations, InTrack advises the client to consult closely with their attorney, accountant, insurance
agent and financial adviser when implementing the plan.
Money Coaching Services
InTrack is offering Money Coaching Services to individuals and couples. This coaching program
facilitates clients in exploring and solving common problems associated with managing personal finances.
Working with the client, the adviser assists the client in discovering patterns, beliefs, and behaviors (many
times subconscious behaviors), which impede thoughtful decisions related to money. The adviser and
client then develop a strategy to modify the problematic patterns and enhance positive patterns. This
allows the client to take control of day-to-day and long-term financial decisions.
The client is responsible for following up and acting on the plan. InTrack is not responsible for financial
decisions made and implemented by the client.
Consulting and
Participant Directed Retirement Plan Consulting
InTrack provides consulting services for some clients. Depending on the nature of the agreement,
Advisers review individual securities and overall aggregate allocation then offer recommendations to
align the portfolio with the client’s objectives, risk tolerance and current and future financial needs. It is
the client’s responsibility to choose the recommendations that meet their objectives and execute those
recommendations.
Consulting services also include participant directed retirement plans. In these cases, advisers review and
select mutual funds offered to the plan’s participants which are consistent with the plan’s objectives,
provide general information on the benefits of investing in 401k plans, show historic return information
on various asset classes, and offer general guidance on allocation of participant’s portfolios.
Miscellaneous
Retirement Plan Rollovers and Potential for Conflicts of Interest
A client or prospective client leaving an employer typically has four options regarding an existing
retirement plan and may engage in a combination of the following options.
• If permitted, leave the money in the former employer’s plan.
• Rollover the assets to the new employer’s plan, if one is available and rollovers are permitted.
• Rollover to an Individual Retirement Account (IRA).
• Cash out the account value which could, depending upon the client’s age, result in adverse tax
consequences.
If an adviser of InTrack recommends that a client rollover their retirement plan assets into an account to
be managed by InTrack, such a recommendation creates a conflict of interest if InTrack will earn an
advisory fee on the assets. To address this, InTrack requires all rollover clients to sign and understand our
Rollover Disclosure document. No client is under any obligation to rollover retirement plan assets to an
account managed by InTrack. If a client has any questions regarding the potential for a conflict of interest
on a retirement plan rollover, please contact Myron R. Sopher, CCO.
If a client requests information regarding retaining an attorney, accountant, insurance agent or any
professional, advisers of InTrack Investment Management may recommend an individual or firm to assist
the client. However, if a dispute arises between the client and the professional, InTrack is not held
accountable for recommending the professional. The client shall seek recourse from the individual or firm
they engaged to provide the professional service. InTrack is not responsible for the services rendered by
the professional.
Held-Away Management with Pontera
InTrack Investment Management uses the Pontera platform made available by Pontera Solutions, Inc.
(“Pontera”), a third party online platform, to assist with management of clients’ “held away” accounts,
including 401(k)s, 403(b)s, annuities, and 529 education savings plans, and as an order management
system for such accounts where InTrack implements tax-efficient asset location and opportunistic
rebalancing strategies on behalf of the client. The specific fee schedule charged by InTrack for account
management of held away assets is established in the client’s written agreement with InTrack. To
facilitate use of the Pontera platform, the client securely logs into the Pontera site and entitles InTrack to
manage the assets. Clients do not pay any additional fee to Pontera or to InTrack in connection with
platform participation. InTrack is not affiliated with the Pontera platform in any way and receives no
compensation from them for using their platform. Investment management fees are generally directly
debited on a pro rata basis from client accounts. The exception for this is directly managed held-away
accounts, such as 401(k)s on Pontera. As it is impossible to directly debit the fees from these accounts,
those fees will be assigned to the client’s taxable accounts on a pro-rata basis. If the client does not have a
taxable account, those fees will be billed directly to the client.
Customizing Advisory Services
InTrack Investment Management tailors each advisory relationship to the client’s needs by maintaining
contact with each client through meetings, phone calls, and e-mails and determines if the individual’s
circumstances or perspectives have changed which may result in a change to their investment objective.
Upon a client’s request, and if the adviser believes the request can be honored, InTrack Investment
Management is able to customize a client’s investments. Typically, a client might restrict the adviser from
purchasing or holding certain securities, industries, or sectors. If the portfolio currently includes these
holdings, the adviser will act upon the client’s decision to either sell or work to reduce the holding over
time. These requests are documented.
Each client is advised that it remains their responsibility to promptly notify InTrack Investment
Management of any changes in their financial situation or investment objectives so the adviser can
review, recommend, and incorporate the change into the client’s accounts.
Wrap Fee Programs
This item is not applicable. InTrack Investment Management does not participate in wrap fee programs.
Client Assets
Assets under management as of December 31, 2023.
Discretionary: $263,241,460.13
Non-discretionary: $970,049.98