"A rich understanding of human psychology, a reasonable appreciation of financial theory, a deep awareness of history, and a broad exposure to current events all contribute to development of well-informed portfolio strategies." - David Swensen, CIO of Yale Endowment.

MZ Capital is a fee-only Registered Investment Advisor, which acts as an independent fiduciary and personal CFO for clients. MZ Capital is also a DFA-approved advisor, having access to Dimensional funds - the best institutional asset-class funds. Michael Zhuang, its principal, is a regular contributor to Morningstar.

Most of our clients are successful professionals or businessmen in their prime earning years. They come to us because their work and family obligations leave them little time to develop "well-informed portfolio strategies" necessary to build lasting wealth. They come from all over the country because they want a recognized domain expert, not just a financial advisor down the road. For them we have a systematic high net worth wealth management process to align their resources with their values and help them achieve all that is important to them.

Our investment approach

We base our investment approach on David Swensen's philosophy that investment success requires a rigorous decision-making framework. Therefore, our first step in helping our clients begins with an Investment Policy Statement.

Investment Policy Statement (IPS)

The IPS is an actionable plan that bridges the client's capital resources with his or goals. The drafting of the IPS is an exercise of rigor and collaboration. By the time it is finished, we and the client will have a clear understanding of the policy target allocation, the guidelines for tactical asset allocation and security selection, as well as the rights and duties of each party.

An IPS includes the following components:

• Status of wealth and financial goals
• Investment horizon and risk tolerance
• Return objectives
• Strategic asset allocation targets
• Tactical asset allocation guidelines
• Security selection guidelines
• Rebalancing guidelines
• Performance benchmarks
• Rights and duties of the fiduciary and the client

Focus on relationship

Equally important, drafting the IPS gives the client the opportunity to work with us, so that we can evaluate whether a long-term relationship would be productive.

To start a relationship, send an email to info@mzcap.com with a brief explanation of your situation.