Overview
Firm Description
TWIN Capital is an investment adviser with its principal place of business in McMurray,
Pennsylvania. We commenced operations as an investment adviser on April 16, 1990
and have been registered with the SEC since April 1990.
Principal Owners
Geoffrey Gerber is the principal owner of TWIN Capital.
Types of Advisory Services
TWIN Capital provides advisory services to individuals, institutions, and other
organizations such as family offices. We provide investment supervisory services
through the discretionary management of separate accounts, and also furnish
investment advice through consultations not involving investment supervisory services
(where we do not have discretion over the assets). We focus on a quantitative valuation
method and the use of quantitative tools and models. We also incorporate fundamental
factors and technical analysis into many of our investment strategies. We specialize in
quantitative analysis with a unique Fundamental Tilt® approach. (More information
regarding Fundamental Tilt® is provided in the section titled “Methods of Analysis”.)
When we provide investment advice and have discretion over the assets, our advice is
generally limited to equity investments that trade on U.S. exchanges, including large,
mid, and small cap stocks, as well as ETFs and mutual funds. When we provide
investment advice and do not have discretion over the assets, our advice may also
include general asset allocation as well as a broader range of securities and investment
vehicles. We also provide our models to certain clients to assist them in constructing
their investment portfolios (the assets with respect to which we provide such services,
our “assets under advisement”).
Tailored Relationships
We provide advice to client accounts based on specific investment objectives and
strategies. Generally, we manage our investment advisory accounts without detailed
knowledge or consideration of all the individual needs and objectives of the specific
client. Most of our clients are institutional in nature and retain professional investment
consultants and/or possess significant internal investment expertise. TWIN Capital
typically manages only a small portion of our client’s overall assets. We formulate
an
investment program which is deemed prudent and appropriate to the nature of the
account, relying on the client’s and their consultant’s assessment, if any, that our
strategies and/or benchmarks are appropriate for their needs. We may agree to tailor
advisory services to the individual needs of clients. Clients may impose restrictions on
investing in certain securities or certain types of securities.
Wrap Fee Programs
We serve as a portfolio manager for the Wells Fargo Advisors Private Advisor Network
wrap fee program, as well as the UBS Managed Accounts Consulting, UBS Access and
UBS Strategic Wealth Portfolio Programs. Wells Fargo and UBS, as the sponsors for
the programs, are responsible for providing all wrap fee clients with a copy of their Wrap
Fee Brochure. The Wrap Fee Brochure provides a description of the additional fees
charged under the program, a description of the portion of fees provided to persons
providing services under the program, and the services provided. Conflicts of interest
and other material arrangements must also be disclosed. Wrap fee clients should let
their Financial Advisor know if they did not receive a copy of the Wrap Fee Brochure
from Wells Fargo or UBS and if they have any questions regarding the information
contained in it.
TWIN may receive a portion of the wrap fee as payment for our investment
management services.
We manage wrap fee accounts in the same manner as non-wrap fee accounts, but
since a portion of the wrap fee paid by clients is for execution services, their accounts
will typically be traded with the wrap fee sponsor rather than at the broker/dealer
selected for our non-wrap fee accounts. Please refer to our disclosures for Directed
Brokerage in the Brokerage Practices section of this document.
Client Assets
As of December 31, 2023, TWIN Capital had approximately $784.51 million in client
assets under management (of which $774.69 million is managed on a discretionary
basis and $9.82 million is managed on a non-discretionary basis). TWIN Capital had
approximately $960.78 in total assets under advisement. Assets under advisement
includes investment advice provided through model delivery relationships in addition to
the assets under management listed previously.