Baker Ave Asset Management

I entrusted half of my IRA account with BAAM (All Cap Core style) through a Fidelity Investments account in mid 2007, after meeting with some of the principals of the company and discussing their investment methodology. I thought BAAM investing would protect my capital during the financial crisis that followed… they did not. I then thought that BAAM investing would help me recover my losses… they did not. At the end of 2011, still down 25% and well short of what I would have recovered had I just put my IRA in an S&P500 index fund, I finally closed my BAAM account. Simon Baker and company are slick and unapologetic about their high fees (1.25%) and terrible performance. They also generated a lot of trading churn and fees for Fidelity Investments.

Used their services for one year in a hot growing stock market. Had a minus return equal to their fees. They over promised and under delivered.