GRW Partners
Private Company
We systematically measure data directly from the markets to understand the current investing environment.
Instead of a focus on what we own, we concentrate more about when we own it, how much of it to own, and the context in which we are investing.
Are you asking the tough questions?
Our models measure volatility and correlation every trading day to understand the risks present in the current market environment, and our portfolios' exposure levels are systematically adjusted based on a combination of three separate risk systems working together to determine how much risk to take on any given day. These systems measure:
We build customized institutional-grade portfolios, constructed and risk managed though a series of individualized asset class portfolios. We have developed an extensive suite of proprietary technologies and investment models to try to make intelligent allocations to low cost index-like portfolios that diversify your investment strategy. And rather than arbitrarily rebalancing to a random calendar, we let the markets tell us when the risk your portfolio is experiencing doesn't match the risk you intended to take. In quiet markets, the portfolio remains steady to lower transaction costs. However in highly dynamic markets, the models have the ability to rapidly adjust to changing risks to minimize surprise.
We believe that knowing which stock to buy is not nearly as important as knowing when to own stocks, or often more importantly, when not to own them. And this is equally true for investing in other asset classes. GRW Partners has developed proprietary technology and trading algorithms that allow participation in the markets when our models measure it is best to do so and automatically step away from risk during times of uncertainty. And rather than trying to predict if Apple will outsell Samsung, our portfolios focus on the most cost-effective ways to expose our capital to risk. While it's common for some to construct a portfolio to try to match expectations of earning a return in exchange for taking risk, those dynamics can shift rapidly though time and leave a portfolio exposed to far more risk than intended. We believe it is important to constantly measure the risk a portfolio is experiencing, and adjust it whenever the market conditions warrant.
Most advisors ask you once how comfortable you are in taking risks but may never ask again. Based on that singular data point, they build you a portfolio that they hope will stay consistent with your risk tolerance level over time and through the ups and downs of the markets. But doesn't your risk tolerance change over time? Certainly the markets change, and sometimes rapidly.
We have a better way. Instead of hoping your portfolio does not get too risky, we make sure it does not. We measure the amount of risk in your portfolio daily and make adjustments to ensure we never take on more risk than you expect.
Knowing the investment environment in which you are operating matters. We do the work to measure exactly how risky the markets are every trading day, along with how much risk your portfolio is experiencing, to ensure your portfolio is exposed only to the risks you mean to take. While it's common for some advisors to construct a portfolio to try to match your expectations of earning a return in exchange for taking risk, those dynamics can shift rapidly though time and leave your portfolio exposed to far more risk than intended. We believe it is important to constantly measure the risk a portfolio is experiencing, and adjust it whenever the market conditions warrant. During periods of quiet ebbs and flows, your portfolios remain stable to minimize transaction costs. And in highly dynamic markets, your portfolios can adjust whenever needed to ensure the risks you are take are those you meant to take.
Most advisors ask you once how comfortable you are in taking risks but may never ask again. Based on that singular data point, they build you a portfolio that they hope will stay consistent with your risk tolerance level over time and through the ups and downs of the markets. But doesn't your risk tolerance change over time? Certainly the markets change, and sometimes rapidly.
We have a better way. Instead of hoping your portfolio does not get too risky, we make sure it does not. We measure the amount of risk in your portfolio daily and make adjustments to ensure we never take on more risk than you expect.
We believe portfolios need to both be responsive to shifting market conditions and yet not overreact to changing prices. We know that volatility does not equal risk, and it is not enough to adjust your portfolio just because it is moving. Instead, our models measure when market conditions have changed the investing landscape enough to require modifications in your portfolios.
GRW Partners has developed proprietary technology and trading algorithms to participate in the markets when our models measure it is best to do so and automatically step away from risk during times of uncertainty. And rather than trying to predict if Apple will outsell Samsung, our portfolios focus on the most cost-effective ways to expose our capital to risk.
While it's common for some advisors to construct a portfolio to try to match your expectations of earning a return in exchange for taking risk, those dynamics can shift rapidly though time and leave your portfolio exposed to far more risk than intended. We believe it is important to constantly measure the risk a portfolio is experiencing, and adjust it whenever the market conditions warrant. During periods of quiet ebbs and flows, your portfolios remain stable to minimize transaction costs. And in highly dynamic markets, your portfolios can adjust whenever needed to ensure the risks you are take are those you meant to take.
Most advisors ask you once how comfortable you are in taking risks but may never ask again. Based on that singular data point, they build you a portfolio that they hope will stay consistent with your risk tolerance level over time and through the ups and downs of the markets. But doesn't your risk tolerance change over time? Certainly the markets change, and sometimes rapidly.
We have a better way. Instead of hoping your portfolio does not get too risky, we make sure it does not. We measure the amount of risk in your portfolio daily and make adjustments to ensure we never take on more risk than you expect.
We build customized institutional-grade portfolios, constructed and risk managed though a series of individualized asset class portfolios. We have developed an extensive suite of proprietary technologies and investment models to try to make intelligent allocations to low cost index-like portfolios that diversify an investment strategy. And rather than arbitrarily rebalancing to a random calendar, we let the markets tell us when the risk a portfolio is experiencing doesn't match the risk intended. In quiet markets, the portfolio remains steady to lower transaction costs. However in highly dynamic markets, the models have the ability to rapidly adjust to changing risks to minimize surprise.
We've actually asked dozens of portfolio managers, banks and institutional asset managers and hedge fund allocators how they determine how much of something to buy for a client portfolio. And as terrifying as it is, the answer we got most often was, in one form or another, 'we guessed'. Try it yourself - ask your best providers how they determine how much of a security is right for your portfolio.
We believe it's better to measure what is actually happening in the markets every trading day, to know exactly how an individual portfolio component will affect your portfolio. Understanding whether an additional holding will add or subtract risk helps to determine how much of it you should own at any given time.
At GRW Partners, we don't try to guess what's next, and instead focus on what the markets are telling us in terms of the risk present in the investing environment. In most market conditions, we try to expose capital to the lowest cost way to gain exposure to risk. When our systems measure that market conditions are not normal, we systematically move portfolios to the sidelines. Our models use data pulled from the markets every trading day to inform our opinion of just how risky a market is, and our models adjust your exposures to match. No guessing, just data-driving adjustments whenever necessary.
GRW Partners has developed proprietary technology and trading algorithms that allow participation in the markets when our models measure it is best to do so and automatically step away from risk during times of uncertainty. And rather than trying to predict if Apple will outsell Samsung, our portfolios focus on the most cost-effective ways to expose our capital to risk.
While it's common for some advisors to construct a portfolio to try to match your expectations of earning a return in exchange for taking risk, those dynamics can shift rapidly though time and leave your portfolio exposed to far more risk than intended. We believe it is important to constantly measure the risk a portfolio is experiencing, and adjust it whenever the market conditions warrant. During periods of quiet ebbs and flows, your portfolios remain stable to minimize transaction costs. And in highly dynamic markets, your portfolios can adjust whenever needed to ensure the risks you are take are those you meant to take.
Most advisors ask you once how comfortable you are in taking risks but may never ask again. Based on that singular data point, they build you a portfolio that they hope will stay consistent with your risk tolerance level over time and through the ups and downs of the markets. But doesn't your risk tolerance change over time? Certainly the markets change, and sometimes rapidly.
We have a better way. Instead of hoping your portfolio does not get too risky, we make sure it does not. We measure the amount of risk in your portfolio daily and make adjustments to ensure we never take on more risk than you expect.
We know there are times to take risk and times to stay out of the way. However, instead of guessing, hoping or trying to predict the future, our systems measure the actual risk present in the market each day and makes sure that the risk your portfolio is experiencing is the risk you mean to take in the markets. Knowing when that condition is not true - when your portfolio is exponentially riskier than you intend or when the return you're likely to experience doesn't match the risk taken - let's us rebalance to ensure you're only taking the amount of risk you want to take.
At GRW Partners, we don't try to guess what's next and instead focus on what the markets are telling us in terms of the risk present in the investing environment. In most market conditions, we try to expose capital to the lowest cost way to gain exposure to risk. When our systems measure that market conditions are not normal, we systematically move your portfolio to the sidelines. Our models use data pulled from the markets every trading day to inform our opinion of just how risky a market is, and our models adjust your exposures to match. No guessing, just data-driving adjustments whenever necessary.
GRW Partners has developed proprietary technology and trading algorithms that allow our clients to participate in the markets when our models measure it is best to do so and automatically step away from risk during times of uncertainty. And rather than trying to predict if Apple will outsell Samsung, our portfolios focus on the most cost-effective ways to expose our client's capital to risk. While it's common for some advisors to construct a portfolio to try to match expectations of earning a return in exchange for taking risk, those dynamics can shift rapidly though time and leave your portfolio exposed to far more risk than intended. We believe it is important to constantly measure the risk a portfolio is experiencing, and adjust it whenever the market conditions warrant. During periods of quiet ebbs and flows, your portfolios remain stable to minimize transaction costs. And in highly dynamic markets, your portfolios can adjust whenever needed to ensure the risks you are take are those you meant to take.
Most advisors ask you once how comfortable you are in taking risks but may never ask again. Based on that singular data point, they build a portfolio that they hope will stay consistent with your risk tolerance level over time and through the ups and downs of the markets. But doesn't your risk tolerance change over time? Certainly the markets change, and sometimes rapidly.
We have a better way. Instead of hoping a portfolio does not get too risky, we make sure it does not. We measure the amount of risk in each portfolio daily and make adjustments to ensure we never take on more risk than we expect.
At GRW Partners, we don't try to guess what's next, and instead focus on what the markets are telling us in terms of the risk present in the investing environment. In most market conditions, we try to expose your capital to the lowest cost way to gain exposure to risk. When our systems measure that market conditions are not normal, we systematically move your portfolio to the sidelines. Our models use data pulled from the markets every trading day to inform our opinion of just how risky a market is, and our models adjust your exposures to match. No guessing, just data-driving adjustments whenever necessary.
GRW Partners has developed proprietary technology and trading algorithms that allow our clients to participate in the markets when our models measure it is best to do so, and automatically step away from risk during times of uncertainty. And rather than trying to predict if Apple will outsell Samsung, our portfolios focus on the most cost-effective ways to expose our client's capital to risk. While it's common for some advisors to construct a portfolio to try to match your expectations of earning a return in exchange for taking risk, those dynamics can shift rapidly though time and leave your portfolio exposed to far more risk than intended. We believe it is important to constantly measure the risk a portfolio is experiencing, and adjust it whenever the market conditions warrant. During periods of quiet ebbs and flows, your portfolios remain stable to minimize transaction costs. And in highly dynamic markets, your portfolios can adjust whenever needed to ensure the risks you are take are those you meant to take.
Most advisors ask you once how comfortable you are in taking risks but may never ask again. Based on that singular data point, they build you a portfolio that they hope will stay consistent with your risk tolerance level over time and through the ups and downs of the markets. But doesn't your risk tolerance change over time? Certainly the markets change, and sometimes rapidly.
We have a better way. Instead of hoping your portfolio does not get too risky, we make sure it does not. We measure the amount of risk in your portfolio daily and make adjustments to ensure we never take on more risk than you expect.
Time horizons for planning purposes only work well if you have the luxury of determining exactly when to use your money. Unplanned things happen, and markets remain highly dynamic. We believe the best way to serve you is to measure and understand where you stand in risk terms each and every day, to best determine if you're taking the risk that is right for your situation at any moment in time. Markets change, and a portfolio that made sense when constructed may not be the right thing today. Our proprietary systems allow data-driven adjustments to your portfolios without the guesswork, and they are always watching out for you.
We make institutional-grade portfolio construction and risk management available directly to our clients. We ensure that your portfolio is never making the same bets more than once to maintain diversification. We never assume that something is different just because it has a different name. Instead we actually measure just how correlated your investments are each trading day. And we don't rebalance just because the calendar clicked over to a certain date, instead moving only when the data informs our models that it is time to move.
At GRW Partners, we don't try to guess what's next, and instead focus on what the markets are telling us in terms of the risk present in the investing environment. In most market conditions, we try to expose your capital to the lowest cost way to gain exposure to risk. When our systems measure that market conditions are not normal, we systematically move your portfolio to the sidelines. Our models use data pulled from the markets every trading day to inform our opinion of just how risky a market is, and our models adjust your exposures to match. No guessing, just data-driving adjustments whenever necessary.
GRW Partners has developed proprietary technology and trading algorithms that allow our clients to participate in the markets when our models measure it is best to do so, and automatically step away from risk during times of uncertainty. And rather than trying to predict if Apple will outsell Samsung, our portfolios focus on the most cost-effective ways to expose our client's capital to risk. While it's common for some advisors to construct a portfolio to try to match your expectations of earning a return in exchange for taking risk, those dynamics can shift rapidly though time and leave your portfolio exposed to far more risk than intended. We believe it is important to constantly measure the risk a portfolio is experiencing, and adjust it whenever the market conditions warrant. During periods of quiet ebbs and flows, your portfolios remain stable to minimize transaction costs. And in highly dynamic markets, your portfolios can adjust whenever needed to ensure the risks you are take are those you meant to take.
Most advisors ask you once how comfortable you are in taking risks but may never ask again. Based on that singular data point, they build you a portfolio that they hope will stay consistent with your risk tolerance level over time and through the ups and downs of the markets. But doesn't your risk tolerance change over time? Certainly the markets change, and sometimes rapidly.
We have a better way. Instead of hoping your portfolio does not get too risky, we make sure it does not. We measure the amount of risk in your portfolio daily and make adjustments to ensure we never take on more risk than you expect.
At GRW Partners, we don't try to guess what's next, and instead focus on what the markets are telling us in terms of the risk present in the investing environment. In most market conditions, we try to expose your capital to the lowest cost way to gain exposure to risk. When our systems measure that market conditions are not normal, we systematically move your portfolio to the sidelines. Our models use data pulled from the markets every trading day to inform our opinion of just how risky a market is, and our models adjust your exposures to match. No guessing, just data-driving adjustments whenever necessary.
GRW Partners has developed proprietary technology and trading algorithms that allow our clients to participate in the markets when our models measure it is best to do so, and automatically step away from risk during times of uncertainty. And rather than trying to predict if Apple will outsell Samsung, our portfolios focus on the most cost-effective ways to expose our client's capital to risk. While it's common for some advisors to construct a portfolio to try to match your expectations of earning a return in exchange for taking risk, those dynamics can shift rapidly though time and leave your portfolio exposed to far more risk than intended. We believe it is important to constantly measure the risk a portfolio is experiencing, and adjust it whenever the market conditions warrant. During periods of quiet ebbs and flows, your portfolios remain stable to minimize transaction costs. And in highly dynamic markets, your portfolios can adjust whenever needed to ensure the risks you are take are those you meant to take.
Most advisors ask you once how comfortable you are in taking risks but may never ask again. Based on that singular data point, they build you a portfolio that they hope will stay consistent with your risk tolerance level over time and through the ups and downs of the markets. But doesn't your risk tolerance change over time? Certainly the markets change, and sometimes rapidly.
We have a better way. Instead of hoping your portfolio does not get too risky, we make sure it does not. We measure the amount of risk in your portfolio daily and make adjustments to ensure we never take on more risk than you expect.
Sometimes it is just better to step out of the way, and our technology tells us just when to do so. We measure risk in the markets and in our portfolios every day, and when our systems read market conditions are not consistent with those in which you want to invest, or your investments are not diversified, we automatically take steps to reset your portfolios. And sometimes that means moving out of investments altogether. We don't pretend that different is better, and that moving capital across investment classes delivers diversity, particularly in times of market stress. Sometimes, cash is king.
We offer our clients customized access to institutional-grade portfolio construction and risk management though a series of individualized asset class portfolios. We have developed an extensive suite of proprietary technologies and investment models to try to make intelligent allocations to low cost index-like portfolios that diversify your investment strategy. And rather than arbitrarily rebalancing to a random calendar, we let the markets tell us when the risk your portfolio is experiencing doesn't match the risk you intended to take. In quiet markets, the portfolio remains steady to lower transaction costs. However in highly dynamic markets, the models have the ability to rapidly adjust to changing risks to minimize surprise.
At GRW Partners, we don't try to guess what's next, and instead focus on what the markets are telling us in terms of the risk present in the investing environment. In most market conditions, we try to expose your capital to the lowest cost way to gain exposure to risk. When our systems measure that market conditions are not normal, we systematically move your portfolio to the sidelines. Our models use data pulled from the markets every trading day to inform our opinion of just how risky a market is, and our models adjust your exposures to match. No guessing, just data-driving adjustments whenever necessary.
GRW Partners has developed proprietary technology and trading algorithms that allow our clients to participate in the markets when our models measure it is best to do so, and automatically step away from risk during times of uncertainty. And rather than trying to predict if Apple will outsell Samsung, our portfolios focus on the most cost-effective ways to expose our client's capital to risk. While it's common for some advisors to construct a portfolio to try to match your expectations of earning a return in exchange for taking risk, those dynamics can shift rapidly though time and leave your portfolio exposed to far more risk than intended. We believe it is important to constantly measure the risk a portfolio is experiencing, and adjust it whenever the market conditions warrant. During periods of quiet ebbs and flows, your portfolios remain stable to minimize transaction costs. And in highly dynamic markets, your portfolios can adjust whenever needed to ensure the risks you are take are those you meant to take.
Most advisors ask you once how comfortable you are in taking risks but may never ask again. Based on that singular data point, they build you a portfolio that they hope will stay consistent with your risk tolerance level over time and through the ups and downs of the markets. But doesn't your risk tolerance change over time? Certainly the markets change, and sometimes rapidly.
We think we have a better way. Instead of hoping your portfolio does not get too risky, we make sure it does not. We measure the amount of risk in your portfolio daily and make adjustments to ensure we never take on more risk than you expect.
The Core | Equity model is a strategy designed to deliver performance similar to the broad equity market in most market conditions. When the system measures certain combinations of high levels of correlation between portfolio components, high levels of correlation between multiple asset classes outside of the portfolio, and/or specific conditions in volatility or price trends, it systematically moves the portfolio toward a cash position.
Generally, this model invests across a portfolio universe made up of ETFs comprising the sectors of the S&P 500 and cash. The system can move between extremes of 100% invested and 100% cash. The portfolio construction includes two separate methodologies including an equal-weight portion and a risk-managed portion. Risk management of the portfolio can occur through any of three separate methods. The first method occurs when the system measures market conditions are abnormal, in which case the overall portfolio investment is reduced across all portfolio components. The second method occurs when an individual component reaches its maximum investment level as a percentage of the total portfolio, at which point the residual is moved to cash. And finally, the third component occurs when the portfolio drops a component from the available universe as a result of excess correlation. Our expectation is that the portfolio in normal market conditions will generally have less volatility than the S&P 500, while delivering similar performance. Also, in quiet market conditions, we would expect the overall portfolio to remain relatively constant, and we would anticipate extended periods with little or no rebalancing. However, in highly dynamic market conditions, the portfolio can experience rapid shifts in exposures, and can rebalance as frequently as daily. During these periods, the portfolio can generate substantial transaction costs. However, we believe this negative is offset by the additional value provided by the highly reactive risk systems, which can reduce risk in the portfolio rapidly and reengage quickly as market concerns as measured by the system abate. We believe there are certain market conditions in which this model might underperform the broad markets, driven by two very different factors. In the first case, in extremely strong, unidirectional markets, our systems tend to read the resulting higher correlation as a warning signal. As a result, we tend to fade these types of moves, and when they persist for extended periods, much like the technology sector move in 1999-2000, we would expect the strategy to under allocate to the sector, and thus under-perform the overall market. In the second case, because of the daily nature of the data used to form the model's opinion of market risk, extremely sharp reversals that occur within very narrow time frames (within a single trading day, for example) are not captured by the system until the next trading day. When these events occur in rapid succession with differing market responses, it is possible for the model to rapidly reverse directions, both increasing the trading costs and potentially missing part of these extreme moves. While neither of these conditions are common, we believe the model is extremely well designed for most market conditions, and designed to materially outperform broad markets in certain environments. When the system recognizes that the environment in which it is investing are not those for which it was designed, the model tends to reduce its exposures and takes less investing risk. This is not to say it is forecasting negative returns for the market, and in fact the resulting moves may be to the upside in some cases, but rather that the current risk environment is not well suited for the model's exposures.
The Core | Income model is a strategy designed to deliver diversified income streams through both bond and non-bond investments. We expect performance to be more volatile than traditional bond investments, but we believe targeting inflation-protected non-bond income streams will become increasingly important as the market moves into to a rising interest rate environment. Currently, the portfolio is still investing the bulk of strategy capital in traditional bonds. However, we expect that will not be the case over the long term. As with the other models, when the system measures conditions considered unfavorable to the strategy, it systematically moves the portfolio toward a cash position.
In favorable market conditions, this model invests across a portfolio universe made up of ETFs comprising the various terms of duration and source in the bond space. The model also can include non-bond, more equity-like income investments and cash. The system can move between extremes of 100% invested and 100% cash. The portfolio construction includes two separate methodologies, including an equal-weight portion and a risk-managed portion. Risk management of the portfolio can occur through any of three separate methods. The first method occurs when the system measures market conditions are abnormal, in which case the overall portfolio investment is reduced across all portfolio components. The second method occurs when an individual component reaches its maximum investment level as a percentage of the total portfolio, at which point the residual is moved to cash. And finally, the third component occurs when the portfolio drops a component from the available universe as a result of excess correlation. Our expectation is that the portfolio in normal market conditions will generally have more volatility than traditional fixed income while delivering higher yields than current bond investments. Also, in quiet market conditions, we would expect the overall portfolio to remain relatively constant, and we would anticipate extended periods with little or no rebalancing. However, in highly dynamic market conditions, the portfolio can experience rapid shifts in exposures, and can rebalance as frequently as daily. During these periods, the portfolio can generate substantial transaction costs. However, we believe this negative is offset by the additional value provided by the highly reactive risk systems, which can reduce risk in the portfolio rapidly and also reengage equally quickly as market concerns as measured by the system abates. We believe there are certain market conditions in which this model might underperform the broad markets, driven by two very different factors. In the first case, in extremely strong, unidirectional markets, our systems tend to read the resulting higher correlation as a warning signal. As a result, we tend to fade these types of moves, and when they persist for extended periods, much like the technology sector move in 1999-2000, we would expect the strategy to under allocate to the sector, and thus under-perform the overall market. In the second case, because of the daily nature of the data used to form the model's opinion of market risk, extremely sharp reversals that occur within very narrow time frames (within a single trading day, for example) are not captured by the system until the next trading day. When these events occur in rapid succession with differing market responses, it is possible for the model to rapidly reverse directions, both increasing the trading costs and potentially missing part of these extreme moves. While neither of these conditions are common, we believe the model is extremely well designed for most market conditions, and designed to materially outperform bond markets in a rising rate environment. When the system recognizes that the environment in which it is investing are not those for which it was designed, the model tends to reduce its exposures and takes less investing risk. This is not to say it is forecasting negative returns for the market, and in fact the resulting moves may be to the upside in some cases, but rather that the current risk environment is not well suited for the model's exposures.
The Primary | Alts model is a strategy designed to deliver exposure to asset classes other than traditional stocks or bonds. And like the other models, when the system measures conditions considered “not normal”, it systematically moves the portfolio toward a cash position.
In “normal” market conditions, this model invests across a portfolio universe made up of ETFs comprising various sectors not historically correlated with the S&P 500 or with traditional bond markets. The system can move between extremes of 100% invested and 100% cash. The portfolio construction includes two separate methodologies including an equal-weight portion and a risk-managed portion.
Risk management of the portfolio can occur through any of three separate methods. The first method occurs when the system measures market conditions are abnormal, in which case the overall portfolio investment is reduced across all portfolio components. The second method occurs when an individual component reaches its maximum investment level as a percentage of the total portfolio, at which point the residual is moved to cash. And finally, the third component occurs when the portfolio drops a component from the available universe as a result of excess correlation. Our expectation is that the portfolio in normal market conditions will generally have more volatility than the S&P 500, and deliver performance that is generally uncorrelated with other stock or bond investments. Also, in quiet market conditions, we would expect the overall portfolio to remain relatively constant, and we would anticipate extended periods with little or no rebalancing. However, in highly dynamic market conditions, the portfolio can experience rapid shifts in exposures, and can rebalance as frequently as daily. During these periods, the portfolio can generate substantial transaction costs. However, we believe this negative is offset by the additional value provided by the highly reactive risk systems, which can reduce risk in the portfolio rapidly and also reengage quickly as market concerns as measured by the system abates. We believe there are certain market conditions in which this model might underperform the broad markets, driven by two very different factors. In the first case, in extremely strong, unidirectional markets, our systems tend to read the resulting higher correlation as a warning signal. As a result, we tend to fade these types of moves, and when they persist for extended periods, much like the technology sector move in 1999-2000, we would expect the strategy to under allocate to its portfolio components, and thus under-perform the overall market. In the second case, because of the daily nature of the data used to form the model's opinion of market risk, extremely sharp reversals that occur within very narrow time frames, within a single trading day for example, are not captured by the system until the next trading day. When these events occur in rapid succession with differing market responses, it is possible for the model to rapidly reverse directions, both increasing the trading costs and potentially missing part of these extreme moves. While neither of these conditions are common, we believe the model is extremely well designed for most market conditions. When the system recognizes that the environment in which it is investing are not those for which it was designed, the model tends to reduce its exposures and takes less investing risk. This is not to say it is forecasting negative returns for the market, and in fact the resulting moves may be to the upside in some cases, but rather that the current risk environment is not well suited for the model's exposures.
The T3 | Dynamic model is a strategy designed to deliver exposure to multiple asset classes including stocks, income and alternatives through investments in our underlying strategies. . Unlike our other models, the T3 model is not quantitatively rebalanced, but instead models to align directly with an individual client's specific needs. However the underlying exposures reflect the dynamics of the individual models, and when the underlying models measure conditions considered “not normal”, they each systematically move their portion of the portfolio toward a cash position.
GRW Partners also managed individualized custom portfolios for clients. We know there are times to take risk and times to stay out of the way. However instead of guessing, hoping or trying to predict the future, our systems measure the actual risk present in the market each day and makes sure that the risk your portfolio is experiencing is the risk you mean to take in the markets. Knowing when that condition is not true - when your portfolio is exponentially riskier than you intend or when the return you're likely to experience doesn't match the risk taken - let's us rebalance to ensure you're only taking the amount of risk you want to take.
GRW Partners is a privately held limited liability company headquartered in Denver, Colorado. We formed the firm in 2015 to bring institutional-grade products and risk systems to our partners, along with a different way of thinking about and managing investments and their risks.
We answer the question nobody else seems able to answer without guessing: How much of something am I supposed to buy? There are as many opinions about what to buy as they are purported experts in the markets, and every advisor has his or her preference for what should go into a portfolio. And having identified which securities in which to invest, they then start guessing. Ten investments? Let’s put 10% into each. Why 10%? It's not the right answer.
We don’t guess and instead use our proprietary systems to determine exactly how much of each component we should put into a portfolio. And every day, our models re-calculate the numbers to ensure we always have exactly as much of each investment as intended.
We offer our clients customized access to institutional-grade portfolio construction and risk management though a series of individualized asset class portfolios. We have developed an extensive suite of proprietary technologies and investment models to try to make intelligent allocations to low cost index-like portfolios that diversify your investment strategy. And rather than arbitrarily rebalancing to a random calendar, we let the markets tell us when the risk your portfolio is experiencing doesn't match the risks intended. In quiet markets, the portfolio remains steady to lower transaction costs. However in highly dynamic markets, the models have the ability to rapidly adjust to changing risks to minimize surprise.
Many advisors ask how comfortable a client is taking risk, but never ask again. We believe risk tolerances change over time, and certainly the markets change their stripes, sometimes quickly. Building a portfolio based on a view of risk in a moment in time that they hope will stay consistent with risk tolerance levels over time and through the ups and downs of the markets doesn't make sense to us.
We think have a better way. Instead of hoping your portfolio does not get too risky, we make sure it does not. We measure the amount of risk in your portfolio daily and make adjustments to ensure we never take on more risk than intended.
Founder and President, Matthew B. Gelber is the principal manager of the firm. Mr. Gelber has been professionally active in the financial services industry for the past thirty years, having most recently worked as a Venture Partner with Technology Crossover Ventures (TCV), a Palo Alto based private equity and venture capital firm.
Prior to joining TCV, Mr. Gelber was the Chief Executive Officer at TradeLink Holdings, a diversified alternative investment, proprietary trading and software firm based in Chicago, Illinois.
Mr. Gelber was previously Executive Managing Director of NYSE Arca responsible for the firm's derivative business, and served as President of the Pacific Exchange, responsible for the exchange's acquisition and integration. Prior to joining Arca in 2005, he held various senior management and trading positions at Fidelity Investments in their capital markets business. Preceding his work at Fidelity, Gelber was also employed with Merrill Lynch Specialists, Inc., Josephthal & Co. Inc, and the Boston Stock Exchange.
Mr. Gelber has been actively involved with many of the Options Exchanges, serving as Governor, PCX Inc., Board of Governors and Director, PCX Holdings Inc. and was also as a member of several advisory and market performance committees at the American Stock Exchange, Philadelphia Exchange, Boston Stock Exchange and Chicago Board Options Exchange.
Mr. Gelber also currently serves as a Director on the Board of Directors of the Options Clearing Corporation (OCC). He serves on the Audit, Risk and Technology Committees, and is the Chairman of the Governance and Nominating Committee.
There are no warranties implied.
GRW Partners, LLC (“GRW”) is located in Denver, CO. This website is for informational purposes only and does not constitute a complete description of services or performance, and is limited to the dissemination of general information, together with access to additional information, publications, and links. This website in no way constitutes the provision of investment advice, which would only be provided under a written investment advisory agreement and only if GRW was registered to offer advice in specific states, has made the appropriate notice filings, or is exempt from notice filing requirements. Information on this website is not an offer to buy or sell, or a solicitation of any offer(s) to buy or sell any securities mentioned herein. Hyperlinks on this website are provided as a convenience and we disclaim any responsibility for information, services or products found on websites linked hereto. For information pertaining to the registration status of GRW Partners, LLC, please contact the state securities regulators. GRW Partners, LLC does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to GRW Partners, LLC’s web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. Users of the site agree, as a condition precedent to his/her/its access to GRW’s website to release and hold harmless GRW, its officers, directors, owners, employees, members and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which use independent of his/her/its receipt of personalized individual advice from GRW Partners, LLC. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This website and information are not intended to provide investment, tax, or legal advice.
At GRW Partners, LLC (''GRW', 'GRW Partners', us', 'we'), we understand that confidentiality and security of the personal information shared with us is important. That is why we have developed specific policies and practices designed to protect the privacy of personal information. By utilizing the products and services we offer, you have consented to the collection and use of your personal information in accordance with the privacy notice set forth below. We encourage you to read this privacy notice carefully.
GRW Partners does not sell customer lists or customer email addresses to third party marketers.
In order to provide services and to comply with regulatory requirements, GRW Partners collects certain personal, nonpublic information from you. This includes information:
Provided during the account application process (e.g., your name, e-mail address, telephone number, birth date, social security number, investment objectives, etc.); Received from consumer-reporting agencies; Collected through Internet Cookies - Cookies are bits of textual information that are sent electronically from a web server to your browser and are stored on your computer. They do not identify you individually or contain personal information about you, unless you have identified yourself or provided the information by, for example, opening an account or registering for an online service. GRW Partners may use cookies to measure and identify website traffic patterns and to track the performance of web features and advertisements. By providing GRW Partners with a better understanding of how you and others use our website and other web services, cookies enable us to improve the navigation and functionality of its website and to present you with the most useful information and offers. GRW may share information obtained from cookies with its employees, agents, and affiliates, but does not sell such information to unaffiliated third parties. GRW may permit other companies or their third party ad servers to set cookies on your browser when you visit a GRW website. Such companies generally use these cookies as we do. We also use cookies to improve the performance of our advertising on other websites. Although you may not opt out of receiving online advertisements generally, you may control the collection of data on our website that is used for targeted grwpartners.com advertising during your visits to other websites.
We safeguard the confidentiality of your information in a number of ways. For example: We do not sell or license lists of our customers or the personal, nonpublic information that you provide to us. We restrict access to the personal, nonpublic information that you have shared with us to those GRW employees, agents and affiliates who need to know such information in connection with the services that GRW provides to you. We maintain strict employment policies that prohibit employees who have access to your personal, nonpublic information from using or disclosing such information except for business purposes. We take substantial precautions to safeguard your personal, nonpublic information. For example, our systems can be accessed only by authorized GRW personnel via valid user names and passwords. In addition, our Internet-based systems include security measures such as encryption and firewalls. We do not disclose personal, nonpublic information to individuals or entities that are not affiliated with GRW, except as provided by law. For example, among other reasons, we may disclose or report such information: where necessary to authorize, effect, administer or enforce transactions that you request or authorize; to maintain and administer your account; to provide you with account confirmations, statements and records; to maintain appropriate archival records; where we believe that disclosure is required by applicable law, rules or regulations; to cooperate with law enforcement, regulatory or self-regulatory organizations; to enforce our customer and other agreements; to meet our obligations; or to protect our rights and property. If you have any questions about these policies, please contact GRW Customer Service through our website.
