Mission Statement
The mission of Fiscal Wisdom is to provide a personalized financial solution that betters the lives of our clients and helps them achieve their long-term financial aspirations.
Every client comes from different backgrounds and financial scenarios which leads us to create a customized and specifically tailored financial plan for each client.
Fiscal Wisdom can help you protect what you have by making responsible decisions today as well as watching out for your future – helping you avoid potential problems decades down the road. We strive to create the peace of mind that accompanies sound financial solutions.
Firm Beliefs
All Advisors at Fiscal Wisdom offer unbiased financial advice. This allows the firm to be highly unique in structure – fiercely independent – and proud of it. We don’t manufacture any products nor are we “in bed” with any corporate giant who does. The open architecture we have access to is designed to offer an atmosphere where you’ll receive personalized advice and counsel in an environment which seeks to reduce conflict. We’ve chosen Portsmouth Smartlife as our Broker/Dealer – a completely independent firm.
Portsmouth Smartlife is not owned by nor is it an affiliate of any corporate giant. Investment advisory services offered through Fiscal Wisdom. Helping people improve their financial situations is our mission. One definition of insanity is doing what you’ve always done and expecting different results. It is true that in order to work towards improving your outcome you’ll need a proven, systematic process that is easy to implement and maintain. We’ve been entrusted to help hundreds of families, businesses, charities and pension funds towards reaching their goals – truly an honor and a responsibility we do not take lightly.
Process, not Product
Some financial advisors try to use one-size-fits-all products and solutions to manage your money. Fiscal Wisdom takes a different approach and believes that it’s the process, not the product that makes all the difference. Even a perfect “product”or stock means nothing if the process of utilizing it is all wrong. Creating above-average returns is a result of using the right processes and techniques to identify the best opportunities at the right time.
Pioneering Thought Leadership
Do you want to be with a leader or a follower? We don’t just follow the market and assume it’ll go up forever. We try to capture value by doing what everyone talks about, buying low. This means we’re not interested in chasing things that have already gone up a lot and are very popular in the era. We’d rather focus on finding value and being patient and going after things that are unpopular at the time, even things that are hated can be great investments in the long term. Mike leads a maverick style of deep value investing that goes against the grain of what is popular in the moment.
Our macro approach is to go after sectors that have been out of favor for a long time. This is where we find value and when people are not swarming around a sector, it tends to have more attractive prices. Sectors come and go and when sectors heat up and get very popular, we typically will get out of them far before the top of the sector.
We’re much more comfortable holding undervalued, out of favor assets than we are holding popular and overvalued assets. This leads to us not doing as well as markets when things are hot, overvalued and in a bubble, but also doing much better than markets when things are not so hot and markets are struggling. We measure success over cycles of 5-10 years not short term gyrations of just a few months or a few years. We have a tactical overlay system that can allow us to go with the flow for some assets if they’re performing well and have fair valuations and the tactical nature of these systems tries to get us out of the way should trouble come to these assets.