This page is here to help you figure out whether you would be interested in having David Merkel, CFA, Principal of Aleph Investments, LLC  manage money for you.

$100,000 my minimum size for a separately managed account.  A few of my friends on the board of the CFA Institute – Baltimore say that I serve an under-served part of the market.  Their minimums are much higher than mine.

Please note that it should not be assumed that investments made in the future will be profitable or will excel the performance of comparable investments. 

Here are most of my documents, with a brief description:

• The New ADV 2 is my disclosure document required by the regulators.
• Reasons not to invest with me… is my risks document.  And I mean it.  If you are going to invest with anyone, someone had better tell you in plain English what might go wrong.
• My Business Card

There is more data than this, and I encourage you to email me if you want to discuss investing with me.  With that I would send you:

• What you get from Aleph Investments
• What Aleph Investments gets from you
• Investment Policy Statement for Aleph Investments’ Stock Strategy
• Investment Policy Statement for Aleph Investments’ Bond Strategy
• Investment Policy Statement for Aleph Investments’ Necessity Focused Investment Strategy
• Aleph Investments, LLC – Privacy Policy
• Aleph Investments, LLC – Proxy Voting Procedures
• A copy of my contract.

If you fill out the contract, I will send you an invitation to set up an account with Interactive Brokers, so that I can manage a separate account of assets for you.  Interactive Brokers is my broker and the custodian for each of my client’s assets.  In setting up an account with Interactive Brokers, some people have a hard time doing that, so if it proves difficult at all, I offer my help.  I will even set up the account if it proves too difficult.

Regardless of whether you choose to use my services or not, I thank you for considering me.   Please send me any questions you might have.