Bastion Fiduciary Forms with Acquisition of Picket Fence Financial

Islamorada Investment Management (IIM), a fee-only Registered Investment Adviser specializing in value investing, has completed the acquisition of Picket Fence Financial (PFF), another fee-only Registered Investment Advisor specializing in financial planning. This merger creates a comprehensive platform offering advanced investment and planning services to clients.

Key Highlights

$110 million in assets under management
SEC-registered
Multiple proprietary value investing strategies
Full-service financial planning for all levels of complexity
Credentials among the staff of seven include two CFPs, three MBAs, a CFA charterholder, and five other master’s degrees
Committed to staying a fee-only firm and fiduciary
Combining active value investing strategies with low-cost index ETFs
Founding team includes three veteran military officers

The combined entities will rebrand as Bastion Fiduciary, with offices in the Florida Keys, Maryland, New Orleans, Southeast Texas, Raleigh, North Carolina, Philadelphia, and Southern California. This strategic move aims to enhance the firm’s capabilities and expand its presence in the market.

Achieving Excellence

Bastion Fiduciary will be led by Cale Smith, Managing Partner of IIM, who will become CEO. Smith stated, “I am thrilled to team up with Kirk. We graduated from the U.S. Coast Guard Academy in 1994 and have been friends ever since. Forming the Bastion team together expands our in-house expertise to include tax and retirement planning, and we can build more diverse portfolios with low-cost index funds.”
Kirk Kinder, CEO of Picket Fence Financial, will become Director of Financial Planning at Bastion. Kinder emphasized, “This has been brewing for a couple of years, and I’m excited to team up to benefit our clients. I love the Bastion ethos, the team, and our commitment to giving clients full transparency into what we do with their money and why. I intend to manage PFF clients at Bastion for a long time; there is no better home for them.”

A Strong Foundation

Bastion Fiduciary is built on the three Cs: Culture, Community, and Character. The firm is committed to disciplined processes, personal integrity, and transparent client relationships. Their focus is on long-term investment success. Bastion Fiduciary’s Mission Statement
We are a fee-only, SEC-registered investment advisor dedicated to delivering exceptional client outcomes. Our mission is to empower clients to achieve their financial goals through a collaborative and transparent approach.

About Bastion Fiduciary

Bastion Fiduciary is a fee-only, SEC-registered investment advisor. They provide clear, consistent communication and education to help clients make informed financial decisions. Their investment advisory services are offered through Bastion Fiduciary, an SEC registered investment adviser. Investment Advisory Services
Investment advisory services are offered through Bastion Fiduciary, an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. Disclaimer
The information provided here is for general informational purposes only and should not be considered a recommendation or investment advice. For additional information about Bastion Fiduciary, including fees and services, please contact us or refer to our Form ADV Part 2A Brochure and Form CRS available on the SEC’s Investment Adviser Public Disclosure website.

Conclusion

The formation of Bastion Fiduciary marks an exciting new chapter in the evolution of the firm. With the acquisition of Picket Fence Financial, Bastion Fiduciary has expanded its capabilities and enhanced its presence in the market. As a fee-only, SEC-registered investment advisor, Bastion Fiduciary is committed to delivering exceptional client outcomes and empowering clients to achieve their financial goals.