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 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 better 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
Best Interests | We adhere to the highest standards of fiduciary excellence and care deeply about always doing what’s best for our clients. We’re free from the many conflicts of interest that can surface at publicly traded wealth management companies that also serve their shareholders’ interests.
True Transparency | We charge a fee for our services based on the value of assets under our management. The financial planning fee you pay is based on your needs and offered at a flat rate for a comprehensive plan or an hourly rate. We do not charge account fees or IRA custodial fees.
Holism| Our disciplined process and cutting-edge technology help to create harmony in your financial life by integrating all the fragmented parts into a cash flow-based financial plan. Making smart financial planning choices now can help give you the freedom to enjoy and experience more.
Attention To Detail | At Cambridge Wealth Management, we pay attention to the details and strive to achieve excellence in everything we do for our clients. We’ll make strategic recommendations with the care, skill, and judgment of an experienced professional.
Professionalism With A Personal Touch | Cambridge Wealth Management was founded on the premise that individuals, families, and businesses with complex financial needs deserve thoughtful, personalized attention. You’ll feel like our only client.
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). The logo was conceived on the weekend of July 4th, 2014 when our founder's mother showed him some "Four-mon" coins during breakfast.
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 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.
The coin shape symbolism is the genesis of our mission statement: To help our clients prosper by creating clarity and harmony in their financial lives.
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 email attachments are scanned for email-borne viruses. Unrecognized emails are safely quarantined, reviewed, and forwarded or deleted
Procedures for handling physical documents and for storage of electronic copies of documents are:
Email transmissions that contain client confidential information are encrypted
An SEC W.O.R.M. compliant cloud-based system is used for filing 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