Fort Point Principles

Formed in 2008, Fort Point is a wealth advisory and asset management firm for high net-worth individuals, families and institutions. Creating a positive investor experience is equal parts design, execution and reporting. At Fort Point, our disciplined, solutions-based investment process is crafted to deliver consistent portfolio returns with dramatically reduced volatility, high liquidity and tax efficiency.

The Asymmetry of Losses

Losses are linear but the gains and time required for a portfolio to recover are exponential. While many investors attempt to maximize returns by chasing gains, we believe it is more practical and sustainable to

grow returns by reducing losses. Taking risk is necessary to enjoy long-term investment success and our responsibility is to ensure those risks are grounded in discipline, not market fervor.

Gain Required To Recover Loss

Diversified Portfolio

A truly diversified portfolio of $10 million has a significantly greater probability of achieving sustainable returns over time than one which tracks the broad equity markets such as the S&P 500 Index. This is because protection against coordinated drawdowns is best achieved by focusing on the breadth, selection and individual risk of the underlying assets, not simply by holding a mixed-bag of securities. Most importantly, returns from the securities are non-correlated.

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Controllable Factors

Our Take On Risk

Controlling the Controllable: While asset performance is wholly out of an investor’s control, Fort Point’s investment discipline is grounded in identifying those variables that we can optimize to increase client returns: risk, liquidity, tax efficiency and cost management. Owning a portfolio of assets that behave similarly over time (and particularly in times of stress) increases the risk of catastrophic, coordinated drawdowns.

Global Equities The tradeable stock or capital stock of a business entity represents the original capital paid into or invested in the business by its owners. Stock is distinct from the property and the assets of a business which may fluctuate in quantity and value. The growth of equities correlates to the underlying growth of the business. Real Assets In contrast to global assets, these are tangible or physical assets in nature (eg. real estate, commodities, stamps, art, radio frequencies, water rights). Yield & Rates Securities issued by governments or corporations, which pay a fixed or variable interest rate at regular intervals and repay principal on maturity. Defensive Investment techniques and strategies that either capture risk premia (beta) and/or obtain excess returns (alpha) with low overall correlation to the securities in which they trade (ie. equities, commodities or bonds).

Fort Point allocations consider both quantitative (number and correlation of assets) and qualitative measures (exogenous events that impact volatility). We actively monitor and rebalance asset exposures to most efficiently enhance portfolio diversification and the probability of a consistent, positive return experience.

Our Approach to Risk

Diversification isn’t enough. Volatility can either be seen as risk or as an asset. Superior portfolio returns combine diversification with options strategies to more precisely control and monetize on volatility.

Standard, seemingly-diversified portfolios can be highly correlated to the S&P 500 at precisely the wrong times. By combing broader diversification and active risk management using option overlays, portfolios can achieve superior risk-adjusted returns.

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Standard Portfolio

The traditional advisor approach to portfolio diversification is a blend of equities, fixed income and cash. This strategy works fine in a bull market but, without due attention to asset correlation and dynamic rebalancing, is a perfect setup for substantial, coordinated losses when the market turns.

 

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Fort Point Portfolio

We employ an enhanced option overlay strategy to systematically reallocate in any market environment, thus offering investors the benefits of broad-based index investing with superior risk management.

« WhyWho »

The Team

Ralph M. Drybrough
Managing Partner
  • Principal at Presidio Financial Partners
  • Merrill Lynch Private Banking and Investment Group
  • UBS Private Wealth Management
  • Indiana University
Jeffrey D. Wycoff
Managing Partner
  • Principal at Presidio Financial Partners
  • Merrill Lynch Private Banking and Investment Group
  • UCLA
Paul Touchstone, CFA
Partner
  • Senior Investment Strategist at Stone & Youngberg
  • Vice President & Portfolio Manager at First Bank
  • Director of Operations at Schroeder Capital Management
  • Western State College
Nick Deans
Managing Director
  • Managing Member at Moorings Capital
  • Managing Partner at Qorval LLC
  • Associate at Lehman Brothers
  • Associate at Asian Direct Capital Management
  • MBA, University of California at Berkeley
  • Yale University
Wade Pitts
Managing Director
  • Vice President at TD Ameritrade Institutional
  • Vice President at Fidelity Institutional Wealth Services
  • Product Manager at Advent Software
  • Cornell University
Jaipal Tuttle, PhD
Managing Director
  • Managing Member, Lakeside North Capital Advisors, LLC
  • Managing Director, Carlyle Group
  • CEO, OKLO Financial
  • Managing Director, Morgan Stanley PDT
  • UC Santa Cruz, PhD
  • Yale University, MA
  • University of California at Berkeley
Mark A. Anderson, CFP
Managing Director
  • Managing Member, Lakeside North Capital Advisors, LLC
  • Principal, The Carlyle Group, Quantitative Market Strategies
  • Chief Operating Officer, OKLO Financial, LLC
  • University of California at Davis
Travis Kauzer
Advisor
  • Investment Counselor at Fisher Investments
  • Research Associate at Fisher Investments
  • Chico State University
Justin Schleifer
Chief Compliance Officer
  • Chief Operating Officer at Gordian Compliance Solutions
  • Senior Compliance Consultant at Gordian Compliance Solutions
  • Chief Financial Officer, FINOP at Gordian Investment Solutions
  • Fiscal Sponsorship Coordinator at San Francisco School Alliance
  • Cornell University
Chris Fenster
Chief Financial Officer
  • CEO at Propeller Industries
  • Board Member/Treasure at Juma Ventures
  • CFO at Bevology LLC, Signature Wines, and Swobo Clothing Co.
  • Colgate University
Oswaldo Simental
Analyst
  • Securities Litigation Associate at Bates Group, LLC
  • MBA, Willamette University
Jake Stamper
Analyst
  • Associate at BlackRock
  • MA, University of California at Santa Barbara
Jennifer Cary
Senior Client Service Analyst
  • Operations Coordinator at Cannell Capital
  • Event Developer at Dow Jones & Co.
  • Wake Forest University
Sara Swietanski
Client Service Analyst
  • Vendor Service Representative at Clear Capital
  • University of California at Berkeley

Contact Us

Fort Point Capital Partners LLC
275 Sacramento Street
8th Floor
San Francisco, California
94111

415-625-0909
info@fortpointcap.com

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