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Old 02-27-2008, 05:24 PM   #1
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Portfolio Management

A friend of mine has been talking to a representative of Zacks financial management. They have been handling high net worth individuals since about 1997 or so. Their other claim to fame is doing quantitative analysis for large investment firms.

It looks like the program is managed by Zacks but executed by a local brokerage house who handles the trades. Seems like Zacks charges a 1.5% management fee. I’m not sure who picks up the trading costs.

Does anybody have knowledge of this firm or its track record? Has anybody done business with them or know someone that has?

Their portfolios seem to have beaten the S&P500 by a substantial amount over 1,3,5,7 & 10 year periods.
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Old 02-27-2008, 05:49 PM   #2
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Who cares if they beat the S&P500 ... especially over a period that included a great bear market? Did they beat a reasonably asset allocated portfolio say one of those listed at Index Funds | DFA Funds Approved Advisor - Dimensional Fund Advisors Approved?
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Old 02-27-2008, 06:49 PM   #3
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1.5% is a very large fee. Have you looked into Portfolio Solutions? Rick Ferri charges 0.25% yearly.
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Old 02-27-2008, 08:30 PM   #4
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1.5% is a very large fee.
Oh I agree. I'm doing this for a friend who thinks he may be interested investing with this outfit. I don't have any interest. I'm just trying to find any information that might be available positive or negative.
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Old 02-27-2008, 09:03 PM   #5
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Oh I agree. I'm doing this for a friend who thinks he may be interested investing with this outfit. I don't have any interest. I'm just trying to find any information that might be available positive or negative.
Plenty of negative in many of the recommended books list here. I'm in the middle of The Successful Investor Today by Swedroe and the first several chapters are devoted to how poorly managed funds perform, and why.

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Old 02-28-2008, 09:06 AM   #6
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We have had great success with Texas Wealth Management.

www.texaswealthmanagement.com
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