Hot Springs Asset Management, Inc.

Hot Springs Asset Management, Inc. provides discretionary and non‑discretionary portfolio management and financial planning to individuals, trusts, estates, pension and profit‑sharing plans, charitable organizations and small businesses. The firm works with both individual and high‑net‑worth clients on retirement, education and wealth‑management goals and implements advice through custodial brokerage accounts.

The firm’s investment approach emphasizes a strategic asset allocation with a core‑and‑satellite structure, using passively managed index funds and ETFs as core holdings supplemented by actively managed funds and selected individual securities; options and other alternative strategies are used only when aligned with a client’s objectives. Client relationships are documented with investment policy statements, managed primarily on a discretionary basis, and monitored with regular reviews and quarterly reporting.

Compared with many peers, the firm is affiliated with an accounting practice and its principal is a Certified Public Accountant who devotes a substantial portion of time to accounting services, and the adviser may provide tax‑ and beneficiary‑planning advice in addition to investment management. The firm operates on a fee‑only basis, does not accept commissions or product sales, and recommends a qualified custodian for custody while clients retain asset control.