Client Profile

Discovery

Client was using a well-intended, balanced approach to strategic investing by allocating assets across 17 separate, no-load mutual funds. During discovery, we found that 94% of her assets were invested in North America, 75% in large cap stocks, and a meaningful portion of these funds contained overlapping holdings thus lacking the diversification she thought she was getting. Further, the process of monitoring and selecting said holdings was time-consuming because it required this career-pressured investor to remain up to date on all aspects and trends within her portfolio parameters.

Solution

Reduced mutual fund holdings to those that had enduring strategic breadth and transferred a portion of her holdings into blue chip equities. We reduced her exposure from 17 funds to 7, reduced her management fees by 16% and improved overall portfolio diversity. Not insignificantly, the clients’ entire portfolio was placed in an encrypted, single-password lockbox that saved time by offering easy access and self-monitoring at will.