History
At a time when wealth management was dominated by commission charging brokers, Georgia Bennicas founded Bennicas & Associates, Inc. It was pioneering for a woman to open her own wealth management boutique in the late 80's, just as it was pioneering to break away from the commission charging model, with all of its conflicts of interest. But, like her contrarian investment style, Georgia has always done her own thing with great ambition. As a college student she bought her first home, having borrowed a down payment from her mom and dad. She paid that loan back before she graduated, and began her parallel career in real estate investing.
Her objectives for starting her own business were to be free of the product pushing orientation of the wealth management industry, and to deliver a highly individualized, deeply client focused service to her clients. Her investment process, and her client relationship management ethos have stood the test of time, as she now manage assets for three generations of her first clients families.
At Bennicas & Associates, you won't be fit into some model portfolio. Your assets won't be handed a set of third party managers, with an imbedded cost structure that's hard to discern. You won't own so many funds that you're actual holdings total thousands of stocks, a defacto expensive index. Instead, you'll join us in a number of conversations about your goals, aspirations, and your willingness to tolerate risks of different sorts. You'll have a manageable portfolio of stocks, bonds, precious and industrial metals, and liquid alternative assets designed for your exact circumstances. You will not feel like you're another transaction for a large and impersonal wealth monolith. You'll feel listened to, and have our promise of ethical, personalized investment management.
Our Golden Rules
Put your interests first. Treat you as we would treat family. Listen to you and share clear communication.
Personalized Service and Management Strategies
At Bennicas & Associates we believe it is essential to offer the highest level of personalized service and attention. For any of your financial concerns such as retirement planning, making gifts of your estate to children, selling a business and looking for a suitable reinvestment options, or caring for a senior member of your family, Bennicas & Associates is ready to guide you. We take the time to get to know our clients and develop a good understanding of their full financial picture, including their current holdings, tax situation, income needs, risk tolerance and goals. This knowledge becomes the foundation of our long term plan.
Portfolio management begins with our proprietary quantitative model that screens stocks on their relative value to industry peers, their profitability, and their balance sheet strength. This is the underpinning of our "quality value" style. Client portfolios are balanced between equities and bonds. Each portfolio will typically hold about 30-40 stocks, most culled from a universe of "great businesses". We may opportunistically use third party managers to access a specialized situation, such as a private credit strategy. In order to protect against market volatility and the vagaries of inflation, we will further diversify our portfolios with precious and industrial metals, and other natural resources. We believe that we must be flexible and open minded about opportunities. We will balance this flexibility alongside our very disciplined quality value approach. The ultimate goal is to methodically compound our client assets, while offering a measure of protection from the markets risks. Your portfolio will be a reflection of your own investment attitudes, and long term objectives.
Finally, we maintain close contact with our clients to stay tuned into their changing circumstances and needs, and to make sure that our work remains transparent and understandable.