Charles Fish Investments, Inc.

Investment Management Services for Municipal Bond Assets | A Brentview Company

[Charles Fish Investments, Inc. @CFI_Inc]

Why Active Beats Passive for Munis -
Managing tailored individual municipal bond portfolios requires significantly more work than running a fund.
The advantages — better security selection, tax customization, optimal execution, and alignment of interests — accrue directly to the investor.
At Charles Fish Investments, that extra effort is the entire point.
https://t.co/Z3QsgcPRBk
#ActiveVsPassive #SeparatelyManaged #HighNetWorth 🇺🇸

[Charles Fish Investments, Inc. @CFI_Inc]

Passive munis match the index.
Active munis select, trade, and tailor.
That’s the difference we’ve focused on since 1984.
https://t.co/t3VQJiY93X

[Charles Fish Investments, Inc. @CFI_Inc]

The muni market isn’t a tidy index.

Active managers can choose the bond, the structure, and the price. Passive funds can’t.
https://t.co/6mlWP9NHEr

[Charles Fish Investments, Inc. @CFI_Inc]

Extremely conservative on risk.
Extremely aggressive on opportunity.
That’s how we manage municipal bonds.
https://t.co/6mlWP9OftZ

[Charles Fish Investments, Inc. @CFI_Inc]

New on our site: set portfolio size, enter a tax rate, see after-tax income side by side.

The Case for Tax-Smart Investing — CFI munis vs. CDs, money markets, and Treasuries. 🇺🇸
https://t.co/6mlWP9OftZ

[Charles Fish Investments, Inc. @CFI_Inc]

4% taxable yield and a 4% tax-exempt yield are not the same number.

Our interactive Fact Sheet shows the after-tax difference — CFI munis vs. CDs, money markets, and Treasuries — based on your portfolio size and tax rate.

Try it: https://t.co/6mlWP9OftZ

[Charles Fish Investments, Inc. @CFI_Inc]

What does your portfolio actually keep after taxes?

Our updated site now includes an interactive Fact Sheet — The Case for Tax-Smart Investing. Enter portfolio size and tax rate to compare CFI municipal bonds vs. CDs, money markets, and Treasuries on an after-tax basis.

Explore it here: https://t.co/WFd11yo2nU

[Charles Fish Investments, Inc. @CFI_Inc]

Charles Fish Investments received the Investment Excellence award at the Clearwater Analytics Client Excellence Awards, announced at Connect 2026.

Clearwater gives this award to one organization for discipline, transparency, and innovation in managing complex portfolios. CFI was the only winner in the category, among seven categories this year. The other honorees included Securian Asset Management, Transamerica, F&G, Aspida, Martello Re, Aquarian Holdings, and Bloomberg.

In municipal bonds, the work is credit review done one issuer at a time, tax analysis that drives each trade, and reporting that shows clients exactly what they own. We built our process on clean data and tight controls, and it means a lot to see that recognized.

Thank you to Clearwater, and to Charles Fish and the CFI team for the work that goes into every portfolio.

Awarded September 2026 by Clearwater Analytics, a portfolio technology provider to CFI. Recipients are Clearwater clients. [No compensation was paid for this award / Compensation disclosure per compliance.]

Awards do not indicate future performance or client experience.
#MunicipalBonds #FixedIncome #RIA #Connect2026

[Charles Fish Investments, Inc. @CFI_Inc]

Founder Charles “Skip” Fish started the firm in 1984 because bond assets needed more than a product. They needed traders and analysts whose interests were aligned with the client.

That remains the distinction.
A fund manager may sell a bond near a call to capture a more “swappable” name. An individual portfolio can keep a bond that is likely to remain outstanding and continue paying a higher stream of tax-free income.
A passive strategy cannot sit in cash when prices are unattractive, then deploy when yields become compelling. An active manager can.
A fund must serve the crowd. A tailored account can serve the investor. Have a good weekend.
https://t.co/Z3QsgcPjLM

[Charles Fish Investments, Inc. @CFI_Inc]

Passive products generally stay inside rated, benchmark-eligible names.
Active management can go further. A portion of our Enhanced Yield Muni Bond strategy includes carefully scrutinized bonds with no outstanding ratings — securities we believe have investment-grade characteristics and higher yield potential.

That work requires research, experience, and trading access. It cannot be indexed. https://t.co/Z3QsgcPRBk 🇺🇸
#CreditAnalysis #EnhancedYield

[Charles Fish Investments, Inc. @CFI_Inc]

Funds optimize for the fund. Portfolios should optimize for the client.

A municipal bond fund has one mandate for thousands of investors.

A separately managed portfolio can reflect your tax situation, time horizon, state of residence, and risk profile.

Charles Fish Investments builds and actively manages those individual portfolios — primarily California non-AMT tax-exempt issues — because the advantages accrue to the investor, not to the product. 🇺🇸
https://t.co/Z3QsgcPRBk
#SeparatelyManagedAccounts #TaxEfficientInvesting

[Charles Fish Investments, Inc. @CFI_Inc]

This Labor Day, we honor the people whose work builds the communities, infrastructure, and economy we all depend on. At Charles Fish Investments, that spirit of dedication is something we see—and support—every day. Wishing you a restful, well-earned holiday. 🇺🇸

[Charles Fish Investments, Inc. @CFI_Inc]

The Active Difference
At Charles Fish Investments, we don’t just hold municipal bonds — we actively trade and manage them.

While many firms take a passive approach, our team uses sophisticated trading capability, deep credit analysis, and an extensive network of bond specialists to build tailored portfolios for families of wealth.

Active management requires knowledge, experience, and intensity. That’s exactly what we’ve delivered since 1984.
Learn more: https://t.co/Z3QsgcPRBk

#MunicipalBonds #ActiveManagement #HighNetWorth #TaxEfficientInvesting

[Charles Fish Investments, Inc. @CFI_Inc]

Network Advantage
Our close relationships with municipal bond firms allow us to source the most suitable bonds and execute transactions at optimal prices. This trading capability, combined with decades of specialized experience, is a meaningful edge for clients who expect more than index-like results. https://t.co/Z3QsgcPjLM #BondTrading #InstitutionalAccess #ActiveManagement

[Charles Fish Investments, Inc. @CFI_Inc]

One-size-fits-all funds can’t match a portfolio built around your tax situation, time horizon, and risk profile. Charles Fish Investments specializes in actively managed, individually tailored municipal bond portfolios — primarily California non-AMT tax-exempt issues — designed for families of wealth. The extra work of true customization produces advantages that accrue directly to the investor. https://t.co/Z3QsgcPjLM #SeparatelyManagedAccounts #TaxFreeIncome #HighNetWorthInvesting

[Charles Fish Investments, Inc. @CFI_Inc]

Extremely Conservative. Extremely Aggressive.
Our philosophy is simple and deliberate: We are extremely conservative in how we manage risk. We are extremely aggressive in how we pursue opportunities. This dual approach allows us to seek competitive after-tax results without accepting unnecessary risk — a balance that defines how we manage municipal bond portfolios for high-net-worth clients. Have a great weekend.
https://t.co/Z3QsgcPjLM #BondInvesting #WealthManagement #MunicipalBonds

[Charles Fish Investments, Inc. @CFI_Inc]

The Active Difference At Charles Fish Investments, we don’t just hold municipal bonds — we actively trade and manage them. While many firms take a passive approach, our team uses sophisticated trading capability, deep credit analysis, and an extensive network of bond specialists to build tailored portfolios for families of wealth. Active management requires knowledge, experience, and intensity. That’s exactly what we’ve delivered since 1984. Learn more: https://t.co/Z3QsgcPRBk #MunicipalBonds #ActiveManagement #HighNetWorth #TaxEfficientInvesting

[Charles Fish Investments, Inc. @CFI_Inc]

Our firm has an aggressive trading edge. Big box firms play it safe with munis. We don’t. Our active approach has consistently identified opportunities that deliver superior results for our clients. Like to know more on what aggressive muni management looks like in practice? Let's talk. https://t.co/Z3QsgcPRBk #ActiveManagement #MunicipalBondTrading #InvestmentEdge

[Charles Fish Investments, Inc. @CFI_Inc]

Happy 250th Birthday, America! 🇺🇸
On this Independence Day 2026, we celebrate 250 years of American ingenuity, resilience, and the enduring pursuit of freedom that continues to shape our nation. Celebrate 🇺🇸

[Charles Fish Investments, Inc. @CFI_Inc]

At CFI, we remain committed to helping high-net-worth clients build secure, tax-efficient portfolios through carefully selected municipal bonds — investing in the very roads, schools, hospitals, and public projects that strengthen American communities for generations to come.

This Fourth of July, we honor the visionaries who declared independence and the hardworking Americans who continue building our shared future.
Wishing you a safe, joyful, and reflective Independence Day with family and friends. 🇺🇸