Services

Beekman Wealth Advisory provides investment and portfolio analytical services on a one-time basis for investors who do not require ongoing portfolio management.  Examples of completed projects include:

• Analysis of duplications and gaps in a portfolio that had been diversified into 33 different U.S. stock mutual funds, many of which were from the same fund family and held similar stocks.  This analysis formed the basis for recommendations to eliminate many of the overlapping funds and to redeploy the assets freed up into other strategies that would provide more meaningful diversification and better expected returns.

• Analysis of the deal terms of a private real estate fund pitched to a client in 2007 by the client’s then-accountant.  The client was urged to (and did) avoid investing, because the track record of the General Partner appeared unsustainable and the deal terms onerous.  The fund ultimately lost nearly all of its clients’ invested capital.

• Spending analysis and counseling for an adult heir, including Monte Carlo simulation analysis of the likely depletion of his portfolio over time by excessive spending.

• Analysis of a portfolio that included both inherited and managed positions, to determine how much value was being created by the current investment manager, versus the value generated by the astute picks of prior manager– the client’s late father, who had himself been a professional investor.

Please inquire to learn about Investment and portfolio analysis services.

Beekman Wealth Advisory offers asset allocation, manager selection, and performance evaluation services on an ongoing basis.  These services are offered on a non-discretionary basis only; clients are always free to accept or reject the recommendations made. Compensation is via fully-disclosed, flat-dollar retainer fees only.

Please inquire to learn more about portfolio management services.

Beekman Wealth Advisory has created a library of wealth education presentations for families and individuals. These can be delivered singly or in any combination desired, at the clients’ own site. Classes typically are three hours in length, and, wherever possible, will draw on clients’ own portfolios to provide case materials. Clients may also request the creation of new courses for any topics not already addressed. Discussions are geared to the level of knowledge and financial sophistication of the audience, and jargon is kept to a minimum.

The library includes (click each heading to see subtopics):

Overview of personal wealth management

• Planning for the journey of personal wealth management
• The money management business
• Performance statistics (and how they are manipulated)
• Asset allocation overview
• Risk
• The structure of returns

Introduction to accounting and the balance sheet

• Basic accounting documents
• Basic accounting concepts and terms
• The balance sheet: Down the asset side line by line
• The balance sheet: Down the liability side line by line
• Balance sheet analytics: What it all means

The income statement and the cash flow statement

• Down the income statement line by line
• Down the cash flow statement line by line
• Income and cash analytics: What it all means and how it ties together

Analyzing sell-side proposals: Managers of traded securities

• How to evaluate money manager proposals
• How much you should pay for different kinds of managers
• What to look for in a money manager

Analyzing sell-side proposals: Alternative investments

• Hedge funds and private equity: What they are
• How alternative assets differ from traditional assets
• Analyzing investment strategies
• Analyzing fees and terms

Performance reporting: Understanding money managers’ “report cards”

• What a typical performance report looks like
• How to understand the data provided
• Benchmarking
• What does it mean when a money manager talks about…?

Asset allocation: Divvying up the money

• Traditional mean-variance asset allocation
• Risk baskets and the functions of asset classes
• Asset – liability matching
• Asset location and why it matters
• Case study: Your asset allocation

Spending: How much is enough? How much is too much? And what can be done about it?

• The sustainable spending rate in concept
• The zero-based budget in concept

Valuation of private companies

• Discounted cash flow analysis
• Comparables analysis
• The impact of changing variables