Marshfield Associates is a registered investment advisor based in Washington, D.C., that has been managing portfolios for clients since 1989. Marshfield specializes in a long-term, value-oriented investment strategy focused on capital preservation and outperforming the S&P 500 Index over time. The firm primarily offers separately managed accounts using a concentrated equity strategy—holding roughly 16 to 20 individual stocks selected for their quality and margin of safety—as well as a balanced strategy that combines equities with fixed-income securities. In addition to separately managed accounts, Marshfield provides portfolio management through various wrap fee programs, delivers non-discretionary advice via model portfolios, and manages an open-end mutual fund. Marshfield works with a wide range of clients, including high-net-worth individuals, pension plans, foundations, and charitable organizations.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.25% |
| $1.0M - $10.0M | 1.25% |
| $10M+ | 1.00% |
Rates shown apply to portfolios with more than 60% allocated to equity securities. For portfolios with 60% or less in equities, the rate is 1.00% for accounts between $1 million and $10 million, and 0.90% for accounts of $10 million or more. Fees are negotiable.