Investing

Efficient Capital Strategies, LLC shares a long-term, patient, and truly multi-generational approach to building and sustaining wealth.  Clients rely on Mr. Kuczmarski to challenge industry convention and to maintain a healthy skepticism toward the claims of an investment industry that all too often over-promises and under-delivers.


Investment Philosophy

Integrate investment management and wealth planning

  1. Thoroughly understand your financial and non-financial objectives.

  2. Analyze how the moving parts of your life (trusts, taxes, cash flow, family dynamics) will impact your investment strategy.

  3. Assess your financial and emotional tolerance for risk.

  4. Develop a truly custom investment strategy that incorporates all of these factors.

  5. Evolve strategies as markets change and the moving parts of your life unfold.


Employ a rigorous and transparent investment process

  1. Generate superior returns by identifying sustainable investment themes, innovative strategies, top-tier managers, and applying modest tactical allocation tilts to strategic policy.

  2. Evaluate risks through quantitative tools and qualitative scenario analysis.

  3. Manage Risk. The process starts with your balance sheet, move on to your cash needs, and creates a global investment portfolio that is diversified across traditional and non-traditional sub-classes.


Enhance returns through tax-optimized portfolio construction

  1. Allocate to asset classes on the basis of the expectations of their after-tax returns.

  2. Employ index strategies for most public asset classes to reduce fees, expenses, trading costs, and taxes.

  3. Incorporate active managers that meet an extensive due diligence process.

  4. Improve overall portfolio returns by locating investments subject to high taxes in tax-deferred or relatively low tax-rate accounts.


Investment Process

  1. Research your financial position, assets, liabilities, cash flows, and liquidity considerations to understand and manage around your constraints.

  2. Assess your current investments and existing managers.

  3. Evaluate the optimal asset ownership and location to maximize returns.


Portfolio Design

  1. Formulate an investment policy and strategy that reflects the current market environment and your constraints.

  2. Stress-test the policy to confirm the long term probability of meeting your goals.

  3. Review analysis and recommendations with you to ensure the portfolio meets your objectives.


Implementation

  1. Manage the implementation process to minimize tax and transaction costs.

  2. Employ low cost & tax efficient vehicles for most public investments and use active managers in inefficient and niche areas of the market.

  3. Assess and control risk through ongoing macro research, scenario testing, tactical policy shifts, and portfolio rebalancing.


Performance

  1. Enhance your net return through tax optimization: after tax return in asset allocation, appropriate asset location, and opportunistic tax loss harvesting.

  2. Provide clear, comprehensive, and customized reports for portfolio, asset class, and underlying manager performance.


 

Customized Investment Solutions

Every family is unique. Optimizing investment results for each family requires building and managing customized solutions. Investors are not steered in a one-size-fits-all model. Every family is different. They have different objectives, balance sheets, tax situations, entity structures, and other needs. Optimizing investment results for each unique family requires building and managing customized solutions. At Efficient Capital Strategies, Investors are not herded into one-size-fits-all commingled funds, which dilute their flexibility and present hidden costs.


Attentive Service 

Efficient Capital Strategies, LLC works for families, not institutional investors. The firm's performance updates allows us to measure how a family is doing relative to their wealth management goals and against widely known performance benchmarks. The goal is to provide your family with excellent service and access when required. Clients rely on Efficient Capital Strategies to help them with everything from achieving better investment returns to preparing their children to successfully manage inherited wealth. 

 

The firm knows how to find untapped opportunities in even the most complex and highly managed financial situations and focuses on the interactions between the financial issues that affect you. For example, decisions about your investment strategy may affect your cash flow, taxable income, insurance, and estate planning requirements. While your specialty advisors are best equipped to advise about specific issues within their areas of expertise. The goal is to make sure that your key advisors work as a team.

 

As a new client, you may come to Efficient Capital Strategies, LLC with highly-competent attorneys, accountants, investment, and insurance professionals already engaged. The mission is not to replace these other advisers. Rather it is to make sure that all of the advisers working with you are working as a coordinated team to develop strategies aligned with your objectives.

The ultimate goal is to create peace of mind for you by anticipating your needs, developing contingency plans to deal with uncertainty, keeping risk exposures within limits that are acceptable to you, minimizing taxes, and helping you to achieve your overall financial objectives.