Firm Description
ROBINSON VALUE MANAGEMENT, LTD. (“Adviser”) is an independent investment
management firm, not affiliated with any parent organization. Adviser has been
registered with the appropriate regulatory body, the state of Texas or the United States
Securities and Exchange Commission, since inception. Founded in 1997, Robinson
Value Management, Ltd. took on its current name and ownership structure in 2008
having previously operated under the name Robinson & Wilkes, Ltd.
Principal Owners
RW Value Management, Inc. is the general partner of Adviser and is retained by
Adviser to manage its investment advisory accounts. RW Value Management, Inc. is
owned 51% by Amy Abbey Robinson and 49% by Charles W. Robinson III, who are
also current officers and employees of RW Value Management, Inc. Passive interests in
Adviser, are owned 51% by Amy Abbey Robinson, 48% by Charles W. Robinson III,
and 1% by RW Value Management, Inc.
Types of Advisory Services
Adviser provides personalized, confidential investment management to individuals,
banks, thrift institutions, pension and profit-sharing plans, trusts, estates, charitable
organizations, corporations and small businesses (“Clients”). Advice is provided through
consultation with Clients or their wealth managers and may include: determination of
Client’s financial objectives, an analysis of suitability of the investment approach with
respect to the Client, and a description of the discretionary investment advisory and
management services provided.
Adviser is strictly a fee-only investment management firm. Other than Adviser control
persons’ common interest in the Bensboro Companies (additional information under
Item 10, below), the firm is not affiliated with entities that sell financial products or
securities.
Adviser does not custody client assets and does not sell insurance, pooled vehicles, or
any other commissioned products.
Other professionals (e.g., lawyers, accountants, insurance agents, etc.) may be
engaged directly by Clients on an as-needed basis. Conflicts of interest will be disclosed
to Clients in the unlikely event they occur.
All of Adviser’s business is providing investment supervisory services, also known as
asset management services. Investment supervisory service means the giving of
continuous advice as to the investment of funds on the basis of the individual needs of
each Client. Individual needs include, for example, the nature of other Client assets and
the Client’s personal and family obligations.
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Adviser provides fully discretionary investment advice using separate account
management as well as on a sub-advisory basis.
In all cases, Clients have a direct and beneficial interest in their securities, rather than
an undivided interest in a pool of securities. Adviser does not and will not serve as
qualified custodian of
Client funds or securities. Adviser has limited authority to direct
the qualified custodian to deduct investment advisory fees, but only with the appropriate
authorization from the Client.
As of December 31, 2022, Adviser managed approximately $152,666,568.17, in assets.
100% of these accounts are managed on a discretionary basis.
Separate Accounts
Most Clients choose to have Adviser manage their assets to obtain ongoing in-depth
advice. All aspects of Clients’ financial affairs are reviewed. No agreement may be
assigned without Client consent.
The scope of work and fee for an Investment Management Agreement is tailored to
each Client and provided in writing prior to the start of the relationship.
At the start of a relationship, all Clients complete an Investment Policy Statement (IPS)
indicating their investment objectives. The IPS provides guidance regarding Client
goals, especially with respect to return, risk, the targeted asset allocation, and the
constraints to be considered, i.e., income, time horizon, taxes, liquidity, legal issues, etc.
A copy of the executed IPS is provided to Client and the document is updated as his or
her situation changes.
The goals, objectives, and related information for each Client are documented in his or
her Investment Policy Statement, as are initial allocations and strategy implementations
as determined by the Client. Clients may impose restrictions on investing in certain
securities or types of securities. Realistic and measurable goals are set and objectives
to reach those goals are defined. As goals and objectives change over time,
suggestions are made, the Investment Policy Statement is updated, and modifications
are implemented on an ongoing basis.
Sub-Advisory Agreements
Adviser may be engaged to provide sub-advisory services by unaffiliated third-party
investment advisers or trustees in order to assist with the management of their
investment programs. Adviser does not provide investment discretion over sub-advised
client accounts but provides recommendations and investment advice regarding the
construction and maintenance of model portfolios.
The model portfolios are provided and the third-party adviser or trustee completes all
account maintenance and supervisory functions. Adviser, as sub-adviser, is
compensated directly by the unaffiliated third-party investment adviser or trustee, as per
the executed sub-advisory services agreement. Unaffiliated third-party investment
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advisers and trustees who engage Adviser as sub-adviser shall be responsible for
billing their Clients and collecting all fees. Information concerning the description of the
services provided and the sub-advisory fees paid to Adviser are contained in the
documents of those third parties.
Adviser does not sponsor, manage portfolios, or place client assets in any wrap fee
programs.