Go to the Source

There are two types of financial advisors: Those who are ‘sales’ focused, and those who are ‘finance’ focused. We are the the latter, and our goal is to put as many of the former out of business as possible. Our team brings deep market research, original academic work, and a disciplined process to pursue excess return where we believe it’s available. We’re the advisors that other advisors call for perspective—so if you want active, high-conviction management, why not come straight to the source.

Concentrated, high-conviction equity portfolios targeting alpha
Minimum account size: $1,000,000
Emphasis on under-appreciated stocks, or mispriced technology leaders
Options strategies for risk reduction, income enhancement, or tactical views
Research-driven selection informed by market-efficiency and asset-pricing work

Who This is For

Investors who want an actively managed, concentrated equity portfolio and are comfortable with meaningful tracking error versus broad indexes. $1,000,000 minimum relationship size.

Desire for manager skill—not closet indexing
Ability to evaluate results over multi-year windows
Preference for direct access to the decision-makers

What We Do (and Don’t)

Active management only creates value when research is real and conviction is allowed to show. We build concentrated portfolios where a small number of well-understood positions can matter. Each holding must pass a high bar: durable economics, strong reasoning for a possible mispricing, and clear catalysts for reaching a positive resolution of potential mispricing. We concentrate where our work is strongest rather than owning everything in the benchmark.

We use options selectively—to reshape risk, add income, or express high-conviction views—only when the payoff profile and liquidity justify it. We won’t promise certainty, hug an index to look safe, or outsource our homework. If we can’t articulate why we own something, we don’t own it.

Our Process

Research & Universe — Screen for quality economics, moats, and mispricing.

Deep Diligence — Model cash flows, scenarios, catalysts, downside cases.

Portfolio Construction — Sizing, risk limits, correlation, sell rules.

Ongoing Review — Update theses, manage risk/taxes, trim/add around catalysts.

Experience That Shows

Our team has managed active equity strategies for decades and contributed original research in market efficiency and asset pricing. We believe skill shows up over full cycles—not every quarter—and we measure ourselves by process discipline and long-term outcomes.

Past performance is not indicative of future results. Investing involves risk, including loss of principal. Concentrated portfolios and options may increase volatility and are not suitable for all investors.