Concentration is a hidden risk
Traditional cap-weighted index investing quietly concentrates your money in a handful of the largest, most expensive companies. "Buying the market" is far less diversified than it sounds.
Portfolio Management
Portfolio management,
done properly.
We build and manage a portfolio matched to your goals and your tolerance for risk, then run it with discipline so you don't have to. Two strategies, one philosophy: evidence over emotion.
Our philosophy
Start with the investor, not the market.
We don't try to predict next quarter. We build globally diversified portfolios and tilt them — deliberately and systematically — toward the characteristics that decades of peer-reviewed research associate with stronger long-term, risk-adjusted returns. Then we stay disciplined: we rebalance by rules, not by mood.
What you pay shapes what you earn
Long-run returns are linked to the price you pay today. We allocate toward parts of the market with more attractive valuations and higher expected long-term returns — not whatever has simply grown biggest.
Discipline beats prediction
Systematically capturing well-researched return drivers — and removing emotional decision-making — is more reliable than forecasting.
Step one
Your risk profile, 1 to 7.
Before we invest a single euro, we determine your risk profile using the regulated MiFID II suitability questionnaire. Your profile sets the balance between growth assets (equities) and defensive assets (bonds).
| Profile | Equities | Bonds | Character |
|---|---|---|---|
| 1 | 15% | 85% | Maximum protection |
| 2 | 25% | 75% | Very conservative |
| 3 | 40% | 60% | Moderately conservative |
| 4 | 55% | 45% | Balanced growth |
| 5 | 70% | 30% | Growth-oriented |
| 6 | 80% | 20% | Dynamic |
| 7 | 95% | 5% | Maximum growth |
You then choose your management approach: Smart Beta or Alpha.
Strategy 1 — Smart Beta
The efficient path.
Efficient, low-cost, globally diversified — built on factors, not guesswork. We implement it entirely through ETFs from the world's largest providers, keeping costs low, liquidity high, and holdings transparent, while tilting systematically toward proven return drivers.
The factors we tilt toward
- ValueCompanies priced below their fundamental worth.
- SizeSmaller companies, often under-researched and under-owned.
- MomentumSustained, established price trends.
- QualityHighly profitable companies with strong balance sheets.
- Low volatilitySteadier stocks that cushion the depth of market falls.
- Equal weightRemoving the dominance of a few mega-caps to diversify properly.
No single factor wins every year — value lagged for stretches, momentum reverses, small caps wobble. That's the point: these drivers are weakly correlated, so combining them produces a smoother, more reliable path than relying on any one.
The defensive side works, too. The bond portion isn't a parking lot — it's a multi-layer defence: global diversified bonds, government bonds, longer-dated treasuries that tend to rise when equities fall, inflation-linked bonds, and a short-dated liquidity buffer.
Tax-aware by design. We use accumulating ETFs (dividends reinvested inside the fund), which defers dividend tax and maximises compounding.
| At a glance | Smart Beta |
|---|---|
| Goal | Efficient long-term growth with factor tilts |
| Implementation | ~100% ETFs |
| Approach | Rules-based, systematic |
| Rebalancing | Quarterly (or sooner if a position drifts materially) |
| Risk profiles | 1–7 |
| Minimum investment | €20,000 |
Strategy 2 — Alpha
The active path.
Active, quantitative stock selection — for experienced investors with a higher risk appetite who want to try to beat the market rather than track it. Instead of ETFs, we actively select a concentrated portfolio of individual global stocks using our own quantitative models and machine learning.
How selection works
Our models score companies across roughly 30 signals in six dimensions: relative and absolute value; earnings quality and financial integrity; growth and fundamental acceleration; price and volume momentum; sentiment and institutional behaviour; and low volatility / risk control. The highest-ranked, tradable names make the portfolio.
The machine-learning edge
Unlike simple linear models, our machine-learning layer captures interaction effects and non-linear relationships between signals — and ranks a large global universe objectively, shielding decisions from human bias. Using several factors together means no single signal failing can derail the portfolio.
Where it invests
A concentrated, roughly equal-weighted portfolio focused on global small- and mid-cap companies (with selective micro-cap exposure) — segments less picked-over by large institutions, where disciplined selection has more room to add value.
Honest about the trade-offs
Concentration and smaller companies mean higher volatility and the potential for deeper drawdowns than a broadly diversified portfolio, plus liquidity constraints in the smallest names. Alpha is offered only to higher risk profiles, and only where it genuinely suits you.
| At a glance | Alpha |
|---|---|
| Goal | Seeking to outperform the market |
| Implementation | Individual global stocks + defensive bond ETFs |
| Approach | Active, quantitative, machine-learning-driven |
| Rebalancing | Monthly (model-driven) |
| Risk profiles | 6 and 7 only |
| Minimum investment | €70,000 |
Want the detail? We'll share a full strategy memo — including methodology and hypothetical, back-tested performance with complete assumptions and risk caveats — on request, as part of a consultation. We keep these figures off our public pages because back-tested results are simulated, not realised, and we'd rather walk you through them honestly than headline them.
Fees — in the open
See exactly what you pay.
No transaction fees, no surprises.
| Smart Beta | Alpha | |
|---|---|---|
| Management fee | 0.7% + VAT / year | 1.3% + VAT / year |
| Custody fee | 0.2% / year | 0.2% / year |
| Performance fee | 10% of positive return, high-water mark | 20% of positive return, high-water mark |
| Trading / execution | €0 — we cover them | €0 — we cover them |
| Underlying fund costs | ETF expense ratio (~0.05–0.25%) | None (direct stocks) |
A high-water mark means a performance fee is only charged on genuinely new gains — above the highest value your portfolio has previously reached.
- Professional management, no hassle.No need to follow the news or place trades. We watch the markets and keep your portfolio on course.
- No trading costs.We cover the cost of buying and selling within your portfolio.
- Tax optimization.We manage with tax efficiency in mind and prepare the reports you need for your tax return (eDavki).
- Regulated safety.Licensed and supervised by the ATVP. Assets held in segregated accounts, strictly separate from the firm.
- Clear reporting.Periodic reports covering transactions, costs, returns, and a market overview — plus the app for ongoing visibility.
Capital at risk. Investing involves risk: the value of investments can go down as well as up, and you may get back less than you invested. Past performance and any simulated/back-tested performance are not reliable indicators of future results. Tax treatment depends on individual circumstances and current law, both of which can change. This website is a marketing communication. It is not investment advice, a personal recommendation, or an offer to enter into any contract. Detailed pre-contractual information is provided before any agreement is concluded.