Investment
Philosophy

At Fidelis Capital, we manage a wide variety of investment strategies for the varying needs of
our clients.

These investments range from institutional funds that are driven by required rates of return and investment policy statements to funds for multi-generational trusts, family offices, and individuals. However, our approach to investing is guided by a disciplined process and a philosophy informed by our many years of experience.

01
icon

We always put our clients first. We are committed to removing all potential conflicts of interest.

02
icon

We believe that tactical investments and security selection are important, yet we believe that strategic asset allocation decisions are the most important.

Furthermore, we believe these decisions should be backed by a comprehensive financial plan taking into consideration titling, structure, and asset location.

03
icon

We believe in goals-based investing, targeted to achieve the desired objective with the least amount of risk.

04
icon

There is always a tradeoff between risk and return. If it appears too good to be true, it is. You have simply failed to identify the underlying risk.

Marketers do a great job of hiding the risk. Often, we need to search for risk beyond the market risk (i.e., operational risk, counterparty risk, liquidity risk, etc.).

05
icon

For a taxable investor, we believe the most comprehensive way to measure performance for the taxable individual is on a risk-adjusted, after-tax basis.

While tax impact shouldn’t dominate the decision process, it should always be explicitly considered.

06
icon

Because fees are always a drag on returns, we try to minimize fees associated with investments for our clients.

07
icon

We believe public markets are fairly efficient and that the core liquid portion of a client's allocation should be in a low-cost and tax-efficient set of strategies.

Peripheral allocations based on tactical positioning may entail higher fees occasionally, but the impact to goal accomplishment, net of fees and taxes, must justify those expenses. Additionally, an investor should get compensated appropriately for taking on illiquidity.

08
icon

We believe investment opportunities exist outside stocks and bonds.

We manage risk allocations that span both public and private investments, including private equity, private debt, real estate, farm, timberland, minerals, currencies and crypto.

9
icon

We believe that investing acumen is essential but providing emotional distance and discipline to the investing process is where our real value lies.

An investment policy statement is a key living document that helps shape our disciplined approach.

10
icon

We believe our investment perspective should be shaped within a logical macro world view

that allows us to add value to clients’ portfolios via intermediate- to long-term themes and factors, supported by our best thinking and confirmed by our model discipline.

Log Into the Fidelis Capital
Client Portal

X