Plain answers to common questions.

RCM is an independent, fee-only investment manager in Dallas, Texas. We specialize in active fixed income and cash management, and we also provide passive public-equity implementation, including direct indexing, where it fits the mandate.

Three kinds of clients: financial professionals (advisors, RIAs, trust companies and multi-family offices) investing on behalf of clients; institutions and organizations (endowments, foundations, pensions, nonprofits, businesses and other organizations); and individuals, families and single-family offices.

Yes. Roosevelt Capital Management LLC is registered with the U.S. Securities and Exchange Commission. Registration does not imply a particular level of skill or training. Our Form CRS and Form ADV are linked in the footer of every page.

Form ADV / SEC filings (opens in a new tab)

RCM is paid solely by its clients. We receive no commissions, revenue sharing, referral compensation, or payments from investment-product providers. Before an engagement, we explain the management fee, what it covers, and any other applicable custody, trading, or underlying investment costs.

Yes. RCM’s founders invest their own capital alongside clients using the same investment approach. Individual portfolios reflect their respective objectives and circumstances.

We begin with a conversation about your objectives and requirements to determine whether RCM is a good fit.

We discuss results in the context of the strategy, objectives, risks, and relevant comparisons. Detailed strategy performance is available on request.

You have direct access to the appropriate people on our investment and operations team. New website inquiries begin with Kaitlin Roberson, who helps connect you with the right team members.

Contact Kaitlin

Most advisors engage us for fixed income and cash management. We can also provide passive equity implementation, including direct indexing and tax-loss harvesting, when requested. You define the mandate and retain the responsibilities you have not delegated to us.

Yes, whenever you choose. We can join client meetings, conduct webinars, or provide information for you to present. You choose our involvement and continue to lead the relationship.

We provide focused reporting, can prepare agreed report formats for your systems, monitor portfolio cash, and coordinate recurring distributions and the liquidity needed to meet them. We discuss your workflow and requirements at the outset.

Available account cash is invested according to the strategy and liquidity requirements. Newly arriving cash is initially placed in U.S. Treasuries as deployment is arranged under the mandate. Cash reserved for distributions and other needs is managed accordingly.

Schwab, Fidelity, J.P. Morgan, Wells Fargo and BNY/Pershing.

With a conversation about your practice, your clients, and where you would like investment or operational support. Kaitlin Roberson will connect you with the appropriate members of our team.

Start a conversation

Either. We can coordinate a public-market portfolio across bonds, cash, and equities, or manage a particular allocation alongside your other investments and advisors.

Yes. We work with estate attorneys, accountants, and other advisors and can suggest professionals when needed.

Yes. We help family members understand their investments and the principles behind the approach, and encourage older generations to share their experience and values with younger generations.

Ask what you pay in total, what services those charges cover, and whether your advisor receives compensation from anyone other than you. Understanding every source of compensation helps you evaluate the arrangement and its incentives.

Fixed-income portfolios generally hold individual bonds. Equity exposure may use low-cost funds or individual securities through direct indexing, depending on the mandate. We explain the structure and holdings so you understand what you own.

A fund or ETF pools many investors into one portfolio, so investors in it share the same holdings regardless of their own tax situation, income timing or goals. Individual bonds can be selected around one client’s tax lots, cash-flow needs and timeline. Funds and ETFs still have a place for many investors; the difference is how much a portfolio can be shaped around a specific situation.

No. RCM has no proprietary products to sell. Decisions are made for the client’s portfolio, not to move an in-house fund.

Municipal Bonds, Short Duration High Yield, Investment-Grade Corporates and Cash Management, with optional Public Equities implementation. Each can be managed alone or combined around the mandate.

See our strategies

Our municipal bond strategy history begins in November 2009.

An individual bond is a loan to a single issuer with a stated maturity date and a schedule of interest payments, which the issuer may or may not meet. A bond fund holds many bonds and generally has no single maturity date; its price moves with the market, and its holdings change as the manager buys and sells. Neither is inherently better. They behave differently, especially when interest rates move.

Duration measures how sensitive a bond’s price is to changes in interest rates. Roughly, the longer the duration, the more the price moves, up or down, for a given change in rates. It is one of the main tools for managing risk in a fixed income portfolio.

When rates rise, newly issued bonds pay more than existing bonds, so the value of older, lower-paying bonds falls to stay competitive. The reverse happens when rates fall.

A bond ladder is a portfolio of individual bonds with staggered maturity dates, so a portion is scheduled to come due at regular intervals, providing access to cash over time if issuers pay as promised. A money market fund is a pooled fund designed for liquidity and stability, though it can lose value and access can be limited in some conditions. Both can help manage cash; they solve for different things.

A rating from an agency such as Moody’s, S&P or Fitch is an opinion of how likely the issuer is to make interest and principal payments on time. It addresses credit risk, not price or return, and ratings can change.

Not automatically. Municipal bond interest is generally exempt from federal income tax, but state and local treatment depends on where you live and where the bond was issued, and other taxes, such as the alternative minimum tax, can apply. Confirm your own situation with a tax professional.