Who we are AWR Investment Management, LLC (referred to as “we,” “our,” “us,” or “AWR”), has been registered as an investment advisor since January 1999. Our principals are Andrew W. Ryan, Managing Member and Chief Compliance Officer and Linda Ryan, Member. All investment advice is provided by Andrew Ryan.
Services we offer We believe that a well-diversified strategically managed portfolio will perform better over the long-term, with lower risk, than portfolios that are overly concentrated or market timing strategies. The following components are key to our investment philosophy.
ASSET ALLOCATION - Our philosophy is based on Modern Portfolio Theory and asset allocation is the largest component of a clients risk and return.
MANAGER SELECTION - We believe that our research and experience allows us to selectively direct client's assets to managed portfolios or index strategies that give us the best opportunity to capture that asset classes return while analyzing the risks involved.
CONTROLLING COST - We believe that cost to invest is critical in portfolio construction. Portfolios are constructed to represent the asset classes and markets we target at the least expensive cost.
MANAGING RISK - We pay particular attention to managing risk in a portfolio. The three main areas that we focus on are volatility, downside risk, and broad exposure. We measure these on a macro level and on each investment selected.
IMPACT OF TAXES - We construct portfolios to minimize the impact of taxes. We consider the allocation of investments across taxable and tax deferred accounts as well as trade activity and year-end tax gain/loss harvesting options.
INDIVIDUALLY DESIGNED PORTFOLIOS - We construct a portfolio unique to your individual needs. We will work around client's existing positions and outside investments like self-directed 401k holdings. You may impose restrictions on the investments.
Client Meeting AWR will meet with all clients to develop a personalized investment plan. The investment plan will outline the client’s current investment holdings, long- and short-term investment objectives and risk tolerances. AWR will discuss target asset allocation models and tactical allocation factors. Target asset allocation models will further refine each client’s risk/reward tolerances and underlying investment selection criteria.
Asset Allocation AWR believes that a well-diversified strategically managed portfolio will perform better over the long- term, with lower risk, than portfolios that are more concentrated or market timing strategies.
Portfolio allocations are monitored and reported to clients on a quarterly basis. Portfolios are periodically rebalanced to client specific asset allocation targets.
Investment Implementations AWR uses primarily mutual funds and separate managed accounts for investment implementations.
Separate managed accounts are portions of your portfolio that are managed by unaffiliated investment managers, in a similar way as a mutual fund, but with much more transparency to-and control by-AWR.
These investments allow AWR to diversify across asset classes, market capital weightings, and industry sectors, while selecting

the best managers in each class. AWR will attempt to purchase mutual fund shares at the lowest price available, using no-load or load-waived funds, and institutionally priced shares offered to investment advisors. AWR does not, in the ordinary course of business, implement investment strategies that use leverage, inversed investments, options, futures, or margin. In addition, AWR does not, in the ordinary course of business, recommend investments or unaffiliated investment managers that utilize these instruments. The investment management agreement you enter into with us allows us to invest in a wide range of investments that may use leverage, inversed investments, options, futures, or margin. These investments will only be utilized when a situation arises that calls for them, and only after discussing the matter with you. When we find that we use any of the aforementioned investments on a more regular basis, the disclosure in this brochure will be updated.
For large portfolios, AWR may, in addition to mutual funds and separate managed accounts, periodically invest in individual equity securities and individual bond holdings. Bond portfolios are managed using a “laddered” maturity of holdings. AWR does not exclude any type of security from consideration for its clients’ investments.
Separate managed accounts are often used for larger accounts. Client’s assets are allocated across several accounts with minimum account sizes ranging from $100,000 to $500,000 per account.
Tax consequences, for security positions initially transferred to a AWR account, are reviewed with clients before selling and re-assigning proceeds to other investments.
Investment Manager Selection and Monitoring AWR selects mutual funds and separate managed accounts advisors based on management discussions and analysis, manager tenure, underlying expenses, past performance and most importantly, manager sector expertise. Managers are expected to outperform their respective performance benchmarks for the long term. AWR monitors all investments on an at least quarterly basis.
Continuous Portfolio Management Individual attention and client support is paramount to asset management. As AWR learns and understands more about each client and their goals and risk tolerances, investment holdings will be adjusted to meet their long-term investment targets.
We do not provide portfolio management services to a wrap fee program.
Financial Planning AWR will periodically work with clients to build a financial plan outlining investments, assets, liabilities, savings, expenses, estimated returns, inflation, taxes, and projected sources and uses of funds. This review usually happens when the client is approaching retirement or has concerns about funding long- term financial goals. The outcome of the plan is a long-term discounted cash flow analysis that gives the client an understanding of realistic withdrawal rates and probability of success based on changes in key underlying estimates and factors used to build the plan.
Assets under management As of March 31, 2024, we manage assets of $115.8 million on a discretionary basis. We do not manage any assets on a non-discretionary basis.