Disciplined Investment Management.
CFD Investment Advisory is an independent registered investment adviser. We build long-term, diversified portfolios grounded in research, allocation discipline, and a fiduciary duty to act in your best interest.
Who We Serve
Individuals
Portfolios built around your own goals, time horizon, and risk tolerance — not a house model applied to every account.
Endowments
Spending-policy-driven management guided by a board approved investment policy and UPMIFA.
Foundations
Investment policy, fee transparency, and board-ready
reporting for finance committees stewarding charitable
assets.
OUR STRATEGY
Allocation-driven. Long-term. Built to be defended.
We build diversified, long-term portfolios using a blend of low-cost index funds, mutual funds, bonds, and carefully selected ETFs and individual equities. Risk is managed primarily through asset allocation, not frequent trading or attempts to time the market — a process that scales from a $50,000 account to a $20 million portfolio.
Read our full investment strategy
WHO WE ARE
Independent. Fiduciary.
Intentionally small.
CFD Investment Advisory is an independent, fiduciary registered investment adviser based in Billings, Montana. We manage portfolios for individuals, endowments, and foundations, building diversified, long-term strategies grounded in research rather than sales targets or proprietary products.
More about CFD
Let's talk about your portfolio, your trust, or your organization's investment policy.
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