16th Amendment Advisors LLC (16th AA) is an investment management firm specializing in U.S. Municipal Bonds. 16th AA manages investments for high-net-worth individuals through separately managed accounts and for Vicksburg Municipal Trading Fund LP. 16th AA does not provide financial planning, estate planning, or insurance planning. They may recommend other professionals like attorneys or accountants, but clients are not obligated to use them.
Fee Structure
16th AA's management fee ranges from 0.1% to 2.00% of the portfolio's market value, depending on the complexity of the account. Fees are typically paid monthly or quarterly in advance. For more complex accounts like Vicksburg, which may use leverage or short selling, there may also be a performance-based allocation of up to 30% paid annually. The firm generally requires a minimum asset level of $500,000, but this may be waived or reduced at the firm's discretion.