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Independent Investment Advisor

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http://www.paulcomstockpartners.com/ …

http://www.paulcomstockpartners.com/
Paul Comstock Partners - Houston Wealth Management & Financial Services
2 Riverway # 1000, Houston, TX 77056-1949
(713) 977-2694
Paul Comstock provides investment advisory services.

Published in Economy & Finance , Business
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  • 1. Outsourcing Your Chief Investment OfficerComstock’s CIO ServicesThe following information is of a proprietary nature.Dissemination to other parties is prohibited without priorconsent of Paul Comstock Partners.Copyright © 2009 Paul Comstock Partners. All Rights Reserved.
  • 2. Family Wealth Advisory Services It’s not only about money… it’s about people.Family wealth management is complex. It requires experience and sensitivity for the people involved. This fundamental philosophy means thatpeople are always our primary focus. We at Comstock are in the business of serving individuals, families, family offices, and their philanthropicentities with financial and investment advisory leadership through an organizational process that engages them in a positive experience. Clientsalways remain in charge.Our FirmWe are a committed team of investment professionals working in partnership with you to enable you to make financial decisions you can trust.Comstock has provided independent, innovative, investment advisory services to individuals, families, fiduciaries and their advisors for over 25 years.We are paid only by our clients and do not receive compensation of any kind from money managers. Comstock is wholly owned by its employees.Why Should We Be Your Strategic Investment Partner?Paul Comstock Partners is a truly independent and objective firm that provides in-depth strategic investment advice. We are innovative (andsometimes contrarian), thorough (we conduct our own client-centered research), and have a well-established track record of providing clients withresults that go beyond monetary returns. Our integrity and proven expertise have brought clarity to our clients’ investment decisions and has helpedthem to achieve high-quality results.RecognitionsFIVE STAR: Best in Client Satisfaction Wealth Manager (SM)Forbes.com - Top 50 Fee-Only AdvisorsFortune - Americas Top 50 RIA’sTrusts & Estates - Registered Rep. Top 100Investment News - The RIA Giants Top 50Paul Comstock Partners ® 2
  • 3. Role of CIOThe Chief Investment Officer (CIO) plays a critical role in both the daily investment activities of an individual investor or family wealth management entity. The following outlines what you should expect from your CIO: Understand and plan for cash flow requirements Develop risk controls necessary to meet cash flow and growth objectives at a high probability level Organize for successor ownership of portfolio assets Develop a comprehensive investment policy statement Provide extensive due-diligence for ALL available investment opportunities Negotiate terms and costs of engagements for custodianship, transaction execution, and day-to-day management Develop management contract performance review and reporting format Review current investment performance and changes in risk exposures (quarterly) Recommend termination of services providers when performance or changes in the organization warrant such action Introduce and evaluate new management options that compliment or provide a better risk/reward opportunity relative to current management Recommend tactical allocation alterations based on changes in macro and micro economic conditions, investment pricing opportunities, or strategic objectives Coordinate with attorney and CPA on all investment ownership and allocation activities PRIOR to transaction implementation Participate in all strategic planning activitiesPaul Comstock Partners ® 3
  • 4. Comstock’s 15 Step ProcessOur Role: Successful investing must control risk and deliver adequate returns for forward planning, consumption needs, taxliabilities, and inflation protection. We will provide active investment analytics and advice to construct and implement an investmentprogram that incorporates the business acumen of the client and the existing portfolio of assets. We seek enhanced returns througheach portfolio choice while incorporating risk reduction.Present Position Analysis1. Determine lifestyle cash flow requirements2. Estimate extraordinary uses of cash flow3. Inventory assets4. Analyze asset allocation expected return/volatility5. Review current investment choices6. Determine unrealized income tax liabilities for each of the assets7. Review fees and expenses applicable to the custody and management of the current assetsInvestment Portfolio Development8. Establish an asset allocation model that: Allows for 3 to 5 years of cash flow requirements without the requirement of selling assets Provides a greater than 50% probability of maintaining principal net of inflation/deflation Maximizes the return for the price volatility exposure9. Select replacement or additional investment choices to provide an enhanced diversification for: Portfolio assets Non-portfolio assets10. Review all changes based on net after-tax results(continued on next page)Paul Comstock Partners ® 4
  • 5. Comstock’s 15 Step Process11. Consider the impact of inflation on Income requirements now and in the future Ability of the portfolio to maintain purchasing power12. Review holdings for appropriateness Safety of assets from fraud or theft Total loss potential Costs of each management option and the portfolio as a wholeInvestment Portfolio Monitoring13. Establish an on-going due-diligence process for each of the delegated management options Review compliance with engagement agreements Review return/risk results relative to a passive index and peers14. Review impact of income taxes Fixed income options between taxable and tax-exempt issuers Realized and unrealized capital gains and losses15. Monitor and control management expensesWhy Is Our Independence So Important?Comstock was founded on the belief that the best financial advice cannot be delivered to a client if it is tied to a specific financial product or itscompensation is influenced by commission. As a fee-only advisory firm with no conflicts of interest, we are free to examine the entire spectrum ofoptions and give unbiased opinions based only on our clients’ best interests.Paul Comstock Partners ® 5
  • 6. Contact InformationPaul Comstock Partners ®Two Riverway, Suite 1000Houston, TX 77056Main (713) 977 2694Fax (713) 877 1363New York Satellite Office1120 Avenue of the Americas, 4th FloorNew York, NY 10036www.paulcomstockpartners.com