Cumberland Advisors Inc.
Cumberland Advisors is a dedicated fee-for-service asset manager and registered investment advisory firm headquartered in Sarasota, Florida. Founded in 1973 by David R. Kotok and Sheldon Goldberg, the firm manages proprietary fixed income, equity, and balanced strategies for clients including financial advisors, individuals, and institutions. Cumberland Advisors serves a nationwide and international client base and has a conservative investment orientation, rooted in active management and independent thought. As of early 2022, the firm reported 40+ employees and manages several billion in assets for high net worth individuals, institutions, public and corporate retirement plans, corporations, foundations, and government entities.
Investment Strategy
Cumberland Advisors invests client assets using proprietary fixed income, equity, and balanced strategies tailored to each client's objectives. The firm emphasizes preservation and prudent growth of capital, managing separately managed accounts rather than pooled funds. Its main portfolio styles include tax-free municipal bonds, taxable bonds, and market-based exchange-traded funds (ETFs), both domestic and international, as well as tactical trend allocations and master limited partnership strategies. Cumberland actively monitors macroeconomic factors, particularly the Federal Reserve's influence on markets, and seeks to respond to market extremes to optimize returns. Their philosophy favors active management and diversification, with a risk-averse, conservative approach designed to meet the varying needs of individuals, families, and institutional investors.
Top Holdings
Equity Positions (49)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | 22.96% | $54.6M | 88,318 | $419.72 | $617.85 | +$6.0M |
M MDY | SPDR S&P MIDCAP 400 ETF TR | 10.65% | $25.3M | 44,702 | $447.07 | $566.48 | -$517.4K |
X XAR | SPDR SERIES TRUST | 7.16% | $17.0M | 80,694 | $113.69 | $210.94 | -$838.9K |
B BRK-B | BERKSHIRE HATHAWAY INC DEL | 5.64% | $13.4M | 27,576 | $261.50 | $485.77 | -$1.2M |
A ACWX | ISHARES TR | 4.34% | $10.3M | 169,465 | $54.67 | $60.94 | +$2.1M |