Bay Harbor Island, FL Office

Altfest provides investment management, financial planning, ERISA fiduciary services, and management of pooled investment vehicles to a mix of individuals, retirement plans, trusts, corporations, private funds and other business entities. The firm delivers primarily discretionary wealth- and portfolio-management services and prepares written or electronic financial plans tailored to clients’ stated goals and circumstances.

Altfest develops individualized investment policies and asset-allocation targets and uses fundamental, technical, and cyclical analysis, ongoing monitoring, and portfolio rebalancing under oversight of an investment committee. For retirement-plan clients the firm offers both 3(21) and 3(38) fiduciary services using internet-based 401(k) platforms and provides participant education through seminars, one-on-one counseling, and a proprietary interactive video workshop.

Notably, Altfest sponsors and advises multiple private pooled vehicles, including an alternative-value fund that allocates to other private funds and opportunistic public securities and a series of Arden Woods real estate funds that pursue strategies such as bidding at delinquent tax auctions; affiliated entities serve as the managing members and interests are offered pursuant to Reg D private placements that non-clients may also purchase. The firm discloses the use of performance-based incentive arrangements for certain fund investments and that principals invest alongside fund investors, and it says these conflicts are addressed through disclosure and periodic suitability reviews.