Amherst Advisory & Management LLC

Amherst Advisory & Management, LLC (AAM) is a financial advisory firm established in July 2010, based in Austin, TX. AAM specializes in serving as the investment manager for private investment partnerships, managing assets totaling approximately $420 million as of December 31, 2023. The firm's fee structure includes a management fee ranging from 1-3% annually, based on assets under management, and incentive-based amounts allocated to the general partner. AAM may engage in performance-based fees, potentially incentivizing riskier investments. The firm's investment strategies focus on residential mortgage-backed securities and other mortgage-related investments, with the ability to employ leverage and hedging activities. AAM exercises investment discretion for client accounts, making buy/sell decisions without specific client consent. The firm may direct voting rights related to client securities in the best interests of the client. AAM has not been involved in any disciplinary events in the past 10 years. The firm's Code of Ethics ensures compliance with securities laws and addresses potential conflicts of interest. AAM does not compensate third parties for client referrals and does not have physical custody of client assets. AAM's accounts are monitored regularly, and voting rights are exercised prudently.