Piton

Name

Piton

Legal name

Piton Investment Management, LP

Website

https://pitonim.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Fixed Income Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL)

akta.pro secondary industries

Managed Accounts & Model Portfolios (SMA/UMA) (FSAAAAAG), Multi-Sector / Total Return Fixed Income (FSAAAHAJ)

Keywords

• Fixed income management
• Separately managed accounts
• Structured notes
• Municipal bond strategies
• Institutional asset management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Asset Management Fees: Management fees charged on assets under management in separately managed accounts. Provides customized fixed income portfolio management for individuals, financial advisors, and RIA firms.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Piton Investment Management delivers institutional-quality fixed income and structured note portfolio management through customized separately managed accounts (SMAs). It offers five core SMA strategies (Cash Management, Conservative Total Return, Yield Enhanced, Tax-Exempt, and Structured Notes) to individuals, financial advisors, RIAs, family offices, and institutional allocators, and sub-advises the ClearShares Piton Intermediate Fixed Income ETF (PIFI).

Product overview

Piton Investment Management is a fixed income asset management firm offering a unified platform of separately managed accounts (SMAs) with five core investment strategies: Cash Management, Conservative Total Return, Yield Enhanced, Tax-Exempt, and Structured Notes. The firm provides institutional-quality fixed income and enhanced yield solutions for independent financial advisors, RIAs, and wealth management clients through customized portfolio management. Additionally, the firm sub-advises the ClearShares Piton Intermediate Fixed Income ETF (PIFI) and offers educational resources like the Structured Notes Primer Guide. The platform centers on direct access to portfolio management with separately managed accounts, complemented by a client portal integrating with major custodians (Schwab, Fidelity, Orion) for account access.

Differentiator

Problem solved

Functional benefit

Brands

• Piton: Short form brand name used for the investment management firm and its strategies.

Products and services

• Cash Management SMA Tactical cash management strategy delivered as a separately managed account, designed for liquidity, capital preservation, and institutional yield with a portfolio target duration under 1 year. Intended for financial advisors, RIAs, family offices, and institutional allocators.
• Conservative Total Return SMA Institutional-quality fixed income SMA offering customization and direct portfolio management access for general diversification and total return across short, intermediate, and core duration strategies. For advisors, RIAs, family offices, and institutional allocators.
• Yield Enhanced SMA Yield enhancement SMA providing customized allocations to higher-yielding segments of the liquid fixed income markets, including the Managed Yield Strategy (MAYAS), Government MBS, and Structured High Income Strategy (SHIS). For advisors, RIAs, family offices, and institutional allocators.
• Tax-Exempt SMA Actively managed municipal bond SMA offering tax advantages and diversification benefits, focused on investment grade municipal securities with federal and potential state tax exemption. For advisors, RIAs, family offices, and institutional allocators.
• Structured Notes (Structured High Income Strategy - SHIS) Structured High Income Strategy (SHIS) delivered through SMAs, providing a tactical, actively managed approach to enhanced income via structured notes linked to large-cap companies or broad market indices, focused on high-quality issuers and industry-leading companies. For advisors, RIAs, family offices, institutional allocators, and high-net-worth individuals.
• ClearShares Piton Intermediate Fixed Income ETF (PIFI) Exchange-traded fund sub-advised by Piton Investment Management that delivers institutional-quality intermediate fixed income management in an ETF wrapper. Listed on NYSE under ticker PIFI and serves independent advisors and retail investors.
• Client Portal Secure client portal providing direct account access and portfolio management through integrations with Schwab, Fidelity, and the Orion Advisor portfolio management system, enabling seamless advisor workflow integration.

Quantifiable outcome

• Equity volatility converted to 14.36% weighted average coupon for structured note portfolios in Q1 2026
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Five partnerships are on record, tiered flagship and core.

• ClearSharesflagshipStrategic or Co-development Partner · 2 October 2020Piton Investment Management sub-advises the ClearShares Piton Intermediate Fixed Income ETF (NYSE Ticker: PIFI), a publicly traded ETF that launched on October 2, 2020. This partnership extends Piton's institutional fixed income expertise to retail investors through the ETF wrapper.
• Merchant Investment ManagementcoreStrategic or Co-development PartnerPiton partners with Merchant Investment Management for municipal market insights and co-hosts educational events such as the 'Muni Market Update: Risks & Opportunities' call to provide comprehensive market perspectives to clients.
• SchwabcoreOthersClient accounts and portfolio management accessible through Schwab's custodial platform, providing clients with integrated account access and reporting.
• FidelitycoreOthersClient accounts and portfolio management accessible through Fidelity's custodial platform, enabling advisors to access Piton's fixed income strategies through existing Fidelity relationships.
• Orion Portfolio Management SystemcoreTechnology or IntegrationIntegration with Orion's portfolio management system allows advisors to access Piton's strategies and client portfolio data through Orion's platform for consolidated reporting and portfolio management.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• GW&K Investment Management: Boutique fixed income manager serving advisor and institutional channels with actively managed fixed income and municipal strategies. Closely comparable in size, target client (RIAs/family offices), and product mix to Piton.
• Payden & Rygel: Employee-owned boutique fixed income manager offering SMAs and commingled funds to advisors, institutions, and HNW clients. Directly comparable in boutique positioning, fixed income focus, and RIA-channel distribution.
• Brandywine Global Investment Management: Fixed income specialist (Franklin Templeton affiliate) serving institutional and intermediary clients with global fixed income, municipal, and credit strategies. Similar product architecture to Piton's fixed income shelf, with broader scale.
• Manning & Napier: Boutique investment manager offering custom fixed income and multi-asset SMAs to advisors, family offices, and HNW clients. Closely comparable boutique structure and advisor-channel focus.
• Sterling Capital Management: Affiliated boutique manager offering fixed income and multi-asset strategies to advisor and institutional channels. Comparable in offering breadth and target client mix to Piton.
• Calvert Research and Management: Fixed income and ESG-oriented manager (Morgan Stanley affiliate) offering SMA and fund strategies to advisors and institutions. Comparable in advisor-channel focus and fixed income specialization, with a thematic overlay.

Broad incumbents

• DoubleLine Capital: Large independent fixed income manager founded by Jeffrey Gundlach, offering actively managed fixed income funds, ETFs, and SMAs across the yield curve. A scaled incumbent competing for the same advisor and institutional fixed income mandates as Piton.
• Western Asset Management: One of the largest active fixed income managers globally (Franklin Templeton affiliate), with a deep SMA platform serving advisors and institutions. Competes directly with Piton on core, municipal, and yield-enhanced fixed income SMAs at much greater scale.
• Loomis Sayles: Long-established fixed income and multi-asset manager (Natixis affiliate) with SMA capabilities across core, credit, and municipal strategies. Competes for the same institutional and advisor fixed income allocations as Piton.
• Guggenheim Investments: Large diversified investment manager with significant fixed income, municipal, and structured product capabilities serving advisors and institutions. A scaled peer across Piton's product shelf.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/piton-investment-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Piton