Our Mission
Our investment firm derives its name from the craft of surfboard shaping and building. The stringer is a strip of wood added to the deck of a surfboard to provide strength and stability. We serve as a fiduciary to our clients, and through goal-oriented financial planning and independent investment management, we strive to add the same strength and stability to the financial lives of our clients.
We are an Independent Investment Advisor
Working with an independent investment advisor means partnering with a professional who is free from the conflicts of interest that often exist at large brokerage firms and publicly traded investment managers. As an independent CFP® professional, we have the freedom to search the entire universe of investment fund families to identify the highest quality, lowest cost investment options tailored to each client’s goals. This independence ensures that every recommendation is made with your best interests in mind—not to meet sales quotas or boost quarterly revenues. By avoiding proprietary products, commission structures, and corporate pressures, we can provide objective, transparent advice focused solely on helping you build, preserve, and enjoy your wealth over the long term.
Services
Investment Management
Our investment philosophy centers on building disciplined, transparent portfolios grounded in high-quality, low-cost, broadly diversified index ETFs. We believe that long-term wealth is best achieved through a core and satellite portfolio construction approach, where the core provides market-level exposure to major asset classes serving as the foundation for consistent, risk-adjusted returns. The satellite portion complements this foundation by seeking targeted opportunities to enhance return or reduce volatility through factor-based investments (e.g., quality, minimum volatility), or thoughtfully implemented income generation through dividend-oriented or options-based strategies. This disciplined, evidence-based framework combines broad diversification and tax efficiency with some selective active tilts to help clients achieve their goals through different market cycles.
Cashflow Analysis
As part of our comprehensive financial planning process, we conduct a detailed cash flow analysis to gain a clear understanding of your income, spending, and savings patterns. This includes reviewing all sources of income—such as wages, bonuses, and investment income—alongside both fixed expenses (like mortgage payments, insurance premiums, and utilities) and variable expenses (such as travel, dining, and discretionary spending). We also incorporate your current and projected tax obligations to determine a net available cash flow. By analyzing these inflows and outflows, we can identify opportunities to increase savings, improve tax efficiency, and ensure that your financial decisions align with your short- and long-term goals. This cash flow analysis serves as a foundation for building a personalized financial plan designed to balance lifestyle needs with prudent wealth accumulation.
Estate Planning
Wills and trusts are not the only estate planning devices out there. Basic estate planning is one of the most crucial financial planning components for an individual and their families. From beneficiary designations on your accounts to healthcare proxies, powers of attorney and basic trusts, we will discuss with you and walk you through all the estate planning items you should be thinking about given your personal circumstances. We will work with an estate planning attorney to ensure the process is efficient and streamlined. Our team will also take the time to walk you through your estate planning documents to ensure you understand the nuances and give you the peace of mind we all want when leaving a legacy to our loved ones.
*We do not provide legal advice
Income Tax Planning
Being aware of and thoughtful about your personal tax situation is important, and not just when you are filing your taxes in April or when RMDs and Social Security start in retirement. Your sources and timing of income, tax bracket, available deductions and credits, tax-loss harvesting, stock option treatment, as well as dividends, short-term and long-term capital gains on investments, tax-preferred and tax-deferred accounts and more, are important to consider as part of developing a tax strategy and monitoring your financial plan. We will help explain and walk you through this ever-changing area of law and rules and bring meaningful tax efficiency to your financial plan and investments.
Retirement Planning
Making sure your retirement funding is on track is vitally important these days regardless of your age or career stage. Proper planning helps ensure you can maintain your desired lifestyle and financial independence throughout retirement. The good news is that it is never too early to start and never too late to catch up. From IRAs (Traditional and Roth) to 401Ks, 457s, 403Bs, SEPs, and how to utilize triple tax-free Health Saving Accounts (HSAs), we will explain and help you navigate all the different ways to best fund your retirement goals, whether you are in your 20s, 30s, 40s, approaching retirement or anywhere in between. If you are in a workplace 401K plan we will review your investments and the fees charged to make sure you’re money is growing tax-free and/or tax-deferred.
Education and College Funding
Saving for college or graduate school, paying off student loans, and understanding the financial aid system are some of the most significant money issues we face today. Understanding how the FAFSA and CSS Profiles work and how each evaluate your net worth is crucial to properly saving for your child’s future without harming their ability to qualify for financial aid down the road. 529 accounts, Roth IRAs, federal and private student loans, work study, scholarships, merit aid, home equity, and income and asset limits all come into play. We will walk you through all the options to cost-effectively accomplish your education funding goals in the best way possible given your specific needs and situation.
Book and
Podcast
Patrick Diamond is the President and Founder of Stringer Asset Management, LLC.
He is a dynamic, client-focused CFP® professional, Investment Advisor, and Attorney who thrives to deliver a best-in-class client experience.
Patrick spent twelve years on the legal side of finance (financial restructuring, bankruptcy, structured and municipal finance) and a decade serving clients as a fiduciary investment advisor and financial planner. He is responsible for all aspects of his clients’ financial planning needs, including creating detailed financial plans, estate planning strategy, tax strategy, and portfolio management.
He is a graduate of Colgate University and served as captain of the Raiders’ Division 1 Men’s Basketball team during the ‘99-’00 season. Patrick received his law degree with distinction from New York Law School, and received his Advanced Diploma in Financial Planning from New York University. Patrick is an amateur photographer, avid surfer and ocean environmentalist supporting and volunteering with local non-profit organizations such as Save the Bay and the Surfrider Foundation. Patrick holds his Series 65 and is a CERTIFIED FINANCIAL PLANNER™ practitioner. Patrick serves clients as an Investment Advisor Representative.
A member of the Estate Planning Council of Rhode Island, the Rhode Island Chapter of the Financial Planning Association, the XY Planning Network, and a member of the Rhode Island Foundation’s Professional Advisory Council. Patrick also served as volunteer financial literacy instructor for the Wise Up Foundation’s Bridge to Trades program. He currently serve clients as an Investment Advisor Representative.
About Us
Wise Up Foundation Fundraiser with NE Patriot’s Captain Deatrich Wise Jr.
Wise Up Foundation’s Bridge to Trades Program (2024)
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