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Our clients range from multiple generations of high net
worth families and individuals, including CEOs and Presidents of both private
and publicly traded companies as well as other prominent leaders in their
respective industries, to institutions, foundations and trusts. They all have
come to expect a high level of professionalism and responsiveness from
Shikiar Asset Management. Each portfolio is overseen by a team of investment
professionals to ensure continuity and accountability. Clients are kept thoroughly
informed about activities in their portfolio through trade confirmations and
monthly brokerage statements. Additionally, on a quarterly basis, clients
receive our firm’s economic and market overview. An in-depth portfolio review
statement accompanies this letter, which contains performance for the quarter
and the year-to-date period, and annualized and total returns since
inception. This report also includes a quarter-end snapshot of the portfolio,
including market value, asset allocation, a listing of securities owned,
their cost basis and market price, as well as a capital gains report.
We act solely as an independent investment advisor, and, as such, avoid the
potential conflicts of interest inherent in also serving as one’s own
broker-dealer. Shikiar’s numerous contacts on Wall Street, as well as our
blue-chip prime brokerage relationship enable us to search for best execution
on our trades. Furthermore, securities can either be custodioned at our prime
broker at no additional cost, or client directed to a fiduciary of their
choosing.
We consider ourselves not only investment managers, but more broadly private
wealth advisors. Shikiar has over the years facilitated the transfer of
intergenerational wealth, identified tax strategies, and worked closely with
our clients to help them better understand the economic and financial factors
that impact the stock and bond markets and their investments. We are also
well versed in communicating with, and expediting the requests of, other
financial and legal professionals, working often with client accountants,
lawyers, business managers and trustees. We are familiar with their needs and
provide them with the same professional level of service. We believe personal
contact and service are essential to successful client relationships, and
make the high level of communication between our team and our clients a
primary focus.
To maintain this open dialogue, the client and/or their respective
representative will speak or meet regularly with their portfolio manager to
review their investments, revisit their financial objectives and risk
tolerance, as well as review with them their current tax status. New clients
will have more frequent contact with their portfolio manager in the first
several quarters of the relationship in order for both to establish a common
understanding of the clients’ entire investment situation, and to reaffirm
how Shikiar’s investment philosophy and process attempts to meets these needs
and goals. It is through this in-depth and on-going communication that we
support all of our clients at Shikiar Asset Management, Inc.
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