The Eight Most Important Questions to Ask Before You Engage an Investment Advisor.
The answers to these questions will have the greatest impact on your ultimate investment outcome.
The questions are not what you might expect.

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Are You Looking for Something More...?
Better Outcomes? Reduced Risk? Lower Costs?
Clearer Communication? Greater Transparency? Fewer Vendors?
We Should Talk.

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What Are You Investing For?
For growth? For income? For preservation? To leave a legacy? To change the world?
We help private and institutional investors achieve their desired outcomes with greater certainty and less risk at low cost.
 How can we help you?

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What Makes Us Superior.
A committment to low-cost and better net returns for clients. Data-driven Evidence-Based Investing. Globally allocated, broadly diversified portfolios. Innovative, rules-based hedged strategies. Direct (vs. outsourced) construction, management and supervision of client portfolios. A proprietary partnership for private market investment. Communication candor and clarity. Mindful of timeless truths, open to new perspectives and best practices. Compliance with the CFA Institute Asset Manager Code.

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Structure IS the Strategy

Asset allocation, investment policy, rules-based strategies, diversification. Structure IS how risk is managed, returns are captured, costs are limited and client outcomes maximized.

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The structurALPHA® Strategies

Combining the low-cost and market capture advantages of passive investing with the superior return and risk profiles of a structural, rules-based hedge.

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Low-Cost, Liquid, Transparent, Rules-based & Hedged

= Better Outcomes

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About Clothier Springs Capital Management

Founded in 2010, Clothier Springs Capital Management is an independent Registered Investment Advisor managing wealth, portfolios and discrete strategies for private and institutional asset owners.

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CSCM News:

  • Clothier Springs Capital Partners commences investment operations: 2/15/2018.
  • Clothier Springs Capital Partners is Open for Investment
  • Clothier Springs Capital Partners Investor Presentation Now Available
  • CSCM Forms Clothier Springs Capital Partners LLC for Direct Real Estate Investment
  • Clothier Springs Capital Management approved as a sub-advisor at TD Ameritrade


Whatever wealth means to you and whatever your unique investment goals and objectives, your chances for a good outcome will be improved by adhering to the timeless truths of investing: get the asset allocation right for your own objectives and risk tolerances, diversify broadly, focus on the long-term and most important, minimize costs.

Your investment program should be as dynamic as your life. Helping you define objectives, quantify risk tolerance, create investment policy, manage cash flows and taxes and then implementing, monitoring and adjusting the investment program as your situation evolves, to achieve your desired outcome, is our primary mission.


Financial innovation and evolving investment practices are a powerful combination. With the ascendancy of index-based market exposures, almost any global market exposure can now be accessed cost-effectively. And any exposure that can enhance returns or manage risk (or both) can be included in even modest portfolios. This expands the opportunity set and enhances diversification.

Factor-based indexing and options-based hedging both offer the potential to make portfolios more effective and efficient. These new perspectives and practices combine with investing’s timeless truths to give investors a greater opportunity to achieve their desired outcome(s).

structurALPHA® Strategies

structurALPHA® is our suite of innovative, rules-based strategies that combine the well-known low-cost and market capture advantages of passive investing with the superior return and risk profiles of a structural, rules-based hedge. Implemented with Exchange Traded Funds (ETFs) and exchange-listed options, the strategies are very low-cost, fully transparent and completely liquid.

The superior ALPHA (risk-adjusted return) they deliver is a function of structure and protocol, not the unreliable pursuits of active management and trading. The service mark structurALPHA® combines the two words: structural and ALPHA. structurALPHA®: an innovation in the pursuit of better investment outcomes.

About Clothier Springs Capital Management
Founded in 2010 by Thomas F. McKeon CFA, CSCM is an independent Registered Investment Advisor. We advise and manage wealth, portfolios and discrete strategies for private and institutional asset owners.

Our Vision
Our founding insight was to build investment strategies that maximize client outcomes by combining the low-cost and market capture advantages of index-based investing with the superior return and risk profiles of a structural, methodical, rules-based hedge.

We extend that insight to now build globally allocated, broadly diversified, liquid, transparent and low-cost portfolios exclusively of Exchange Traded Funds (ETFs), tailored for each investor’s unique goals, objectives and constraints. We also manage a partnership for direct investment in the private capital markets for accredited investors.

Are you getting the investment outcome you require?
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Timeless Truths. New Perspectives.

For Rational Investors Only

We present PremiumPoints 4Q-2018, our quarterly newsletter.

Year-End 2018 Odds & Endss

It has been a little while since we posted so there are a few things for us to catch up on: Bear Markets, Silver Linings, Monte Carlo & more.

New Highs, Party Poopers & Financial Engineering

PremiumPoints 2Q-2018 Issue: "Structure IS the Strategy"

In This Issue: Review & Outlook 2Q-2018, Volatility Update, Portfolio Activity, Clothier Springs Capital Partners, What Business Are We In?, Our Quarterly Harangue: "Structure IS the Strategy" and Clothier Springs Capital Management Has a Birthday

We’re in the Client Outcome Business, Not the Investment Performance Business

Asking an advisor about performance is the wrong question. Your outcome will be far more dependent on his fees and business model.

10 + 1 Things to Degrade Your Investment Outcome

If you want to keep a lid on your chances to meet your investment objectives, pursue one or more of the activities listed below, and you will likely suffer lower returns, accept too much risk and pay too much for the privilege.

PremiumPoints 1Q-2018 Issue

In this issue: 1Q-2018 Review & Outlook, OH...That Volatility, Portfolio Activity, Update on Clothier Springs Capital Partners, The Index Revolution Continues--Not Your Father's Portfolio, Alpha, Schmalpha

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We’re All Institutional Investors Now…or Should Be

The investment tools and techniques exist for investors large and small to have optimally efficient, risk-limited, ultra-low cost portfolios, as institutions have had for decades.