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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 100m 1b

SALEM CAPITAL MANAGEMENT INC

CRD 108622

WOBURN, MA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:dd8098d9-442b-6757-bc7a-de42bf18322b

Data as of Mar 4, 2022 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 6:27 PM UTC and rebuilt at most every 15 minutes.

Relationships: 3
Dated events: 1
On other graphs: 0
Observed: Mar 14, 2012 to Mar 4, 2022
17 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $285MItem 5.F on the latest filing (2022-03-04); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $281M
Private client RAUM: $268MderivedItem 5.D individuals plus high net worth individuals
Private client share: 94%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 5
Advisory employees: 2
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 94
Individual clients: 17
High net worth clients: 68
SEC number: 801-34265
CRD: 108622
Filings on the tape: 17
First filed: Mar 14, 2012
Latest filed: Mar 4, 2022
Organised: Corporation, Massachusetts

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
RATCLIFFE, KIMBERLY, ANN	CHIEF COMPLIANCE OFFICER & PRESIDENT	B	yes	10/2004	Mar 14, 2012	Mar 4, 2022
RUBIN, HAL	Chairman	E	yes	08/1990	Mar 14, 2012	Mar 4, 2022

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2021	Mar 4, 2022	$285M	$281M	5	2	0	n/a	n/a
2020	Mar 19, 2021	$260M	$256M	5	2	0	n/a	n/a
2019	Feb 26, 2020	$313M	$291M	5	2	0	n/a	n/a
2018	Mar 26, 2019	$316M	$297M	5	2	0	n/a	n/a
2017	Feb 20, 2018	$347M	$327M	5	2	0	n/a	n/a
2016	Mar 13, 2017	$326M	$308M	5	2	n/a	n/a	n/a
2015	Mar 2, 2016	$311M	$295M	5	2	n/a	n/a	n/a
2014	Mar 5, 2015	$351M	$334M	5	2	n/a	n/a	n/a
2013	Mar 20, 2014	$369M	$353M	5	2	n/a	n/a	n/a
2012	Mar 13, 2013	$334M	$321M	5	2	n/a	n/a	n/a
2011	Mar 14, 2012	$343M	$330M	n/a	n/a	n/a	n/a	n/a

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2021	$285M	$260M	9.8%	$316M	-3.4%	5	5	0	0

Relationships

Controls (2)

← RUBIN, HALOwnerCHAIRMAN, ownership code E, individual
Mar 14, 2012 to presentfactForm ADV
← RATCLIFFE, KIMBERLY, ANNOwnerCHIEF COMPLIANCE OFFICER & PRESIDENT, ownership code B, individual
Mar 14, 2012 to presentfactForm ADV

Registered with (1)

← KIMBERLY ANN RATCLIFFEAdvisorregistration: previous registration
Jan 1, 2002 to Dec 22, 2022factForm ADV

Dated events

Occurred
Dec 22, 2022
Advisor changed firm
Kimberly Ann Ratcliffe left Salem Capital Management Inc for F L Putnam Investment Management Co. (registered 2022-11-28)
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:dd8098d9-442b-6757-bc7a-de42bf18322b
First observed: Mar 14, 2012
Last observed: Mar 4, 2022 55 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

SALEM CAPITAL MANAGEMENT INC

CRD 108622

WOBURN, MA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:dd8098d9-442b-6757-bc7a-de42bf18322b

Data as of Mar 4, 2022 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 6:27 PM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

RATCLIFFE, KIMBERLY, ANN

CHIEF COMPLIANCE OFFICER & PRESIDENT

yes

10/2004

Mar 14, 2012

Mar 4, 2022

RUBIN, HAL

Chairman

yes

08/1990

Mar 14, 2012

Mar 4, 2022

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2021

Mar 4, 2022

$285M

$281M

n/a

2020

Mar 19, 2021

$260M

$256M

n/a

2019

Feb 26, 2020

$313M

$291M

n/a

2018

Mar 26, 2019

$316M

$297M

n/a

2017

Feb 20, 2018

$347M

$327M

n/a

2016

Mar 13, 2017

$326M

$308M

n/a

2015

Mar 2, 2016

$311M

$295M

n/a

2014

Mar 5, 2015

$351M

$334M

n/a

2013

Mar 20, 2014

$369M

$353M

n/a

2012

Mar 13, 2013

$334M

$321M

n/a

2011

Mar 14, 2012

$343M

$330M

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2021

$285M

$260M

9.8%

$316M

-3.4%