How it all started
Wealth management services offered by large corporate firms never made complete sense to our founder, Mitsuo "Mit" Lockrow. Over time, Mit came to the realization that the conventional financial services business model was, in many ways, at odds with his business philosophy, vision, and cultural values. So in 2014, after nearly 20 years of working at global investment banking and broker-dealer firms, he decided to form Cambridge Wealth Management and execute on his vision of building a new fiduciary wealth management paradigm — one that's focused on helping clients prosper by integrating the values of simplicity, harmony, and excellence into a traditional wealth management framework.
Our Five core Standards of care
True Transparency | We charge only fees for our services and do not have any cozy relationships with money managers or vendors that could influence our advice. We believe in full disclosure and proactively inform you through straightforward communication.
Unbiased Advice | We take our fiduciary responsibility very seriously. This means we serve our client's best interests at all times. We're free from the many conflicts of interest that can surface at large corporate firms that serve the interests of their shareholders. Thus, we can use any custodian, investment manager, exchange traded fund (ETF), fixed income, alternative investment, or technology that we feel is the very best solution for our clients.
Holism| We offer holistic wealth management combining both financial planning and asset management which we believe is the best way for you to align your goals with your vision. Our disciplined process and cutting-edge business platform helps bring together all the isolated parts of your financial life, ensuring that the four cornerstones of a smart wealth management plan — asset management, estate planning, retirement planning, and tax planning — are working in harmony to grow and preserve your wealth.
Attention To Detail | Definition: Achieves thoroughness and accuracy when accomplishing a task through concern for all the areas involved. Behavioral Indicators − provides accurate, consistent numbers on all paperwork. At Cambridge Wealth Management, we pay attention to the details, especially when it comes to taxes and investment expenses.
Professionalism With A Personal Touch | Cambridge Wealth Management was founded on the premise that individuals, families, and institutions with complex financial needs deserve thoughtful, individualized attention. We'll make recommendations that are prudent, with the care, skill, and judgement of an experienced professional.
The Logo Story
The design of the Cambridge Wealth Management logo is based off a Japanese coin called the “Four Mon" coin modeled after Chinese coins issued by the Tang dynasty (618 - 907). In Ancient Asia, the shape of coins was symbolically important — earth was believed to be square and heaven was round. Thus, a square in the center of a circle symbolized perfect balance and harmony and has special significance as a symbol of prosperity.
The coin shape symbolism is the genesis of our mission statement: To help clients prosper by creating harmony in their financial lives.
The pattern of the eleven waves on the reverse of the Four Mon coin was considered to be a symbol of happiness. Today, the waves depicted in our logo represent the six vital components of a comprehensive financial plan. And the colors muted red, bluish-purple, and white are variations on our American flag. After all, the logo was conceived on the weekend of July 4th, 2014 when our founder's mother showed him some Japanese "Four-mon" coins during breakfast.
We are committed to serving our clients' best interests at all times and foster a workplace environment that encourages the highest standards of ethical conduct, professionalism, and intellectual honesty. Trust is the cornerstone of our business; as such, we are dedicated to client confidentiality and asset safety.
Custody services and other brokerage services provided to clients of Cambridge Wealth Management, LLC are offered by Charles Schwab & Co., Inc. (“Schwab”), Member FINRA/SIPC, a leading provider of trading, custody, and brokerage services to Registered Investment Advisors, Trust Institutions, and Third-Party Administrators.
Cambridge Wealth Management, LLC (“Cambridge”) and its employees are independent of and are not employees or agents of Charles Schwab & Co., Inc. (“Schwab”). There is no form of legal partnership, agency affiliation, or similar relationship between your wealth advisor and Schwab, nor is such a relationship created or implied by the information herein. Schwab does not prepare, verify or endorse information distributed by Cambridge and therefore does not assume any responsibility for its content.
As an independent Registered Investment Advisor, we have access to other custodians. If you have a preference for a particular custodian for your investments, other than Schwab, we will certainly consider your request.
Cambridge Wealth Management, LLC maintains a Code of Ethics and written Policies and Procedures regarding Human Resources, Compliance, Client Support, Investment Management, Due Diligence, Internal Financial Controls, and Information Technology & Security.
Employees are required to undergo extensive interviews and background checks before hire. A written Code of Ethics that emphasizes professionalism, integrity, and strict adherence to the highest standards of fiduciary excellence guides employee conduct.
Client and personal information are strictly confidential and protected as required by the Gramm-Leach-Bliley Act of 2002. Failure to properly protect confidential information may lead to disciplinary action up to and including termination. All employees are required to sign a Confidentiality Agreement to protect our clients’ nonpublic, personal information.
Cambridge Wealth Management established and maintains information systems including hardware, software, and network components and design, to protect and preserve clients’ nonpublic, personal information. We have strict procedures for changing passwords and safeguards for accessing electronic account statements or client information.
Encryption is the key to cybersecurity. All workplace computers are:
Encrypted as required by federal standards
A secondary credential ID required to access client accounts on the Schwab platform
Except for limited exceptions, all pop-up windows and cookies are blocked from third parties
Malwarebytes Anti-malware for business regularly scans systems for any known malware or adware
All inbound emails are scanned for email-borne viruses. Unrecognized emails are safely quarantined, reviewed, and forwarded or deleted
We also have procedures for handling physical documents and for storage of electronic copies of documents:
Email transmissions that contain client confidential information are sent through a secure portal with a custom password
An SEC W.O.R.M. compliant cloud-based system is used for filing electronic copies of client documents
We regularly shred all unnecessary documents containing sensitive or confidential information
All physical files containing client information are securely locked in file cabinets daily