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New Video Release: IS IT DIFFERENT THIS TIME? by Weston Wellington of Dimensional

 About Ely Prudent Portfolios, LLC

Ely Prudent Portfolios, LLC manages investment decisions according to a structured process based on modern prudent fiduciary practices.  This process requires us to:

  • know the needs and objective of our clients
  • understand the impact of estate, income, retirement distributions, and other federal; and state laws
  • use index mutual funds
  • control and account for expenses
  • monitor and document performance and activities
  • avoid conflicts of interest

It is our opinion that consistently adhering to a prudent process increases the odds of success for our clients

Our Focus

Our focus is on managing risk.  "Portfolios" is part of our name because we understand that risk can only be evaluated at the portfolio level and never at the individual security level.  This approach promotes prudent behavior instead of speculative behavior.

Harry Markowitz, Nobel Prize Winner in Economic Sciences and the father of Modern Portfolio Theory, began the notion of determining tradeoffs between portfolio risk and return  with his 1952 dissertation, Portfolio Selection. He demonstrated that risk should be monitored at the portfolio level and as a result, individual securities should not be chosen in isolation but on how they affect the portfolio as a whole.
:: Fiduciary 360 :: MRD-Determinator :: Dimensional Funds
Fiduciary 360 is the only national entity to define and substantiate specific investment fiduciary practices.  They launched the first research and training center in the country focused solely on the subject of investment fiduciary responsibility. They award the only professional designations based on investment fiduciary standards of care.

   
Many experienced planners, attorneys and CPAs are challenged by the complexities of the Minimum Required Distributions regulations. They often discover that their calculations are incorrect. This can have costly consequences for them and their clients.

Traditional managers do one of two things: Active managers focus on picking individual stocks, the antithesis of diversification; index managers hold many securities but mimic arbitrary benchmarks.  Dimensional Fund Advisors (DFA) chooses a different path.