Knowledge – Results

Experts in Risk Management

Are you prepared for the next market correction or financial crisis?

Knowledge – Results

Experts in Risk Management

Are you prepared for the next market correction or financial crisis?

Knowledge – Results

Experts in Risk Management

Are you prepared for the next market correction or financial crisis?

Knowledge – Results

Experts in Risk Management

Are you prepared for the next market correction or financial crisis?

Real Retirement Solutions

designed to improve
  • Wealth Preservation
  • Management of Risky Assets
  • Peace of Mind

This is achieved through an ongoing assessment of market risks given your specific financial situation and goals.

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Professional Expertise

Leadership Team

Richard Furmanski

Richard Furmanski

CFA, CFP®

has been a portfolio manager and analyst for over 35 years. He manages conservative, tax-efficient portfolios for both pre-retirees and retirees. His lower risk approach appeals to investors who want less volatility and competitive risk-adjusted returns.

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Mary Ellen Adam

Mary Ellen Adam

Director of Operations

has been in office administration for over twenty years. Her experience includes customer service, firm operations, and office administration. She interacts with our clients on a day-to-day basis and handles any requests that may arise.

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Frequently Asked Questions

If you can’t find the answer to your questions here, feel free to give us a call at 847-847-2505

Do you manage both stock and bond portfolios?

Yes. We build a portfolio of conservative, high-quality stocks and hold them for the long-term. The average holding period is 4 – 5 years. Our focus is on stocks that are suitable for retirement portfolios.

Our high-quality bond portfolios are designed to provide both income and stability of principal. Bonds provide the anchor for balanced accounts (those holding both stocks and bonds).

What is your investment philosophy?
We take great care in purchasing only high-quality stocks and bonds intent on a multi-year holding period. Portfolio turnover and taxable realized gains are modest in comparison to other active managers. We do not time the market but will become more defensive, in terms of stock holdings, when market conditions warrant.
Will the portfolio be managed in accordance with my financial goals?
Yes. Each of our clients has a custom-tailored portfolio. These custom portfolios are designed to meet specific client objectives with a thoughtful approach to specific constraints such as risk tolerance. And as each client’s situation changes, the portfolio does as well. There is no cookie cutter approach.
What kind of expertise do you have and how can that help me in difficult markets?
We have been working with high-net-worth clients like you since 1982. Over that time we have helped them to navigate several bear markets and financial crises (including the stock market crash of 1987). We hold the Chartered Financial Analyst (CFA) and Certified Financial Planner (CFP) designations.
Are you sensitive to taxes when managing portfolios?
Yes. Our holding period for an individual stock averages 4 plus years which means our turnover is low and realized gains can be carefully managed. Further, where possible, we tax loss harvest small losses as a way of offsetting gains taken elsewhere in the portfolio.
How have you performed?
Results will differ by client and the level of customization but we have provided competitive investment returns for many years.
How do you charge for your services?
We charge a management or consultant fee based upon the size and level of customization of the account. As the account grows, we benefit together.

Recent Commentaries

Stay up to date with all of our latest comments and analysis.

September 2022 Market Commentary

In the second quarter, the decline in residential investment subtracted 0.7% from real GDP growth. The third quarter...

August 2022 Market Commentary

More often than not, when the analysts expectations bar is set low for earnings season (like now), the S&P 500 rallies. Conversely, when the bar is set high heading into earnings season, the markets performance has been uneven. Coming into this earnings season,...

July 2022 Market Commentary

Let’s start Q3 on a positive note.  If there has ever been a time that the market was “due” to rally, it is in the months ahead.  Historical gains are impressive after a two-quarter 20% drop like we just experienced.  Following a correction like this, the market has...

June 2022 Market Commentary

  FOOLS RUSH IN?  OR A MARKET BOTTOM? There is no way to know yet if the recent rally in stocks marks a turning point for the market.  Was it “smart money” buying or a “fools rush in” kind of rally?  We will not let a market bounce blind us to the underlying...

Monthly Updates

August 2022 Mid-Month Recap

The S&P 500 is up 17% since June 16th, yet market fundamentals seem to be deteriorating. Profit margins are falling, consumer price inflation is still high at 8.5% year-over-year, higher interest rates are slowing down many sectors of the economy (especially housing),...

July 2022 Mid-Month Recap

Higher interest rates are not only hitting stock and bond markets, they are also hurting the housing market. Thirty-year fixed mortgage rates are off the recent high of six percent, but mortgage applications are plunging, consistent with an outright collapse in sales...

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