About WEALTHMOB
Nuts & Bolts
We are a different kind of portfolio manager.
We are non-Wall Street firm with great ideas and lots of experience.
We have spent years developing and managing simple, highly effective investment
portfolios for some of the biggest names in the business. Our firm is passionate
about helping independent investors gain confidence, filter out the noise and remain
focused on sound portfolio management.
How we work
We are transparent, efficient, and highly skilled.
We have a well-rounded team of experts on our investment committee. This hand picked
group consists of specialists who focus on each component of your portfolio.
Our portfolio management process is built on communicating regularly and being fanatical students of the
various investment markets. We also prefer to make little course corrections rather than
big ones, thus reducing the need for frequent trading and ensuring more of your money
keeps working for you.
We practice an active form of asset allocation. We believe our portfolios offer a
great balance between asset class and geographic diversification. The idea behind
this is that broad, efficient exposure to the various markets allows you to participate
in most of the upside while protecting you from fully participating in the downside.
How we are different
The collapse of 2008 forced us to rethink traditional investment management.
By the summer of 2008 every member of our investment committee had spent at least
10 years working with independent advisors or large wire houses.
We were serving our clients and employers when the market collapse impacted millions of investors.
Many of these investors were paying high fees to have their assets managed and watched their savings evaporate while financial
consultants avoided calls or convinced clients to stay the course. We knew we could not
control the markets or guarantee against losses but we also knew there had to be a
way to provide time tested strategies and sound guidance to investors who did not feel
comfortable handing over control of their nest egg to someone else.
As wealth managers we knew how to leverage existing technologies to manage large
numbers of accounts efficiently. We also recognized that the cost of holding assets,
placing trades, and generating statements is what prevented us from using this technology
to pass incredible savings on to our clients. Our solution was simple. We decided to
keep the tools and team in place but cut out the pieces of the business that drove costs up and prevented us from focusing on managing portfolios.
So how does it work? We provide guidance to our members using the same tools most
advisors and wire houses use. However, we do not ask for trading discretion, custody
assets, or place trades on your behalf. You simply take our guidance and place your own
trades the firm of your choice. You will pay them a small commission for each trade but
many wire houses offer online trades for less than $9.00. Your statement comes from the
wire house, not us, so you always have complete control over and access to your assets.
How do we make money?
We charge a fixed monthly fee. That’s it. We are not affiliated with any advisor, wire house,
or fund family. We do not charge commissions or accept kickbacks and we do not collect fees based
on assets under management. We are independent, transparent and laser focused on providing our
members with access to the highest quality, professionally managed portfolios available.