Foxgrover Investment Partners

Foxgrover Investment Partners is a newly formed investment advisory firm that, per its brochure, offers discretionary portfolio management and personalized financial planning services aimed at individuals and high-net-worth clients. As of the brochure date the firm reported no assets under management and no client accounts.

The firm develops an investment policy statement for each client and applies a mix of fundamental analysis, modern portfolio theory and quantitative methods to construct and monitor portfolios, typically with discretionary trading authority. Its stated investment universe is broad and includes mutual funds, ETFs (including precious metal ETFs), fixed income, REITs, commodities, non-U.S. securities, options strategies and private placements/venture capital, with accompanying disclosures about the heightened risks of leveraged and illiquid instruments.

Distinctive features for a firm of this size include explicit use of higher-risk instruments (such as uncovered options and venture capital/private placements) and a requirement that client accounts be custodied at a single institutional provider through which the firm may receive research and other soft-dollar benefits. The brochure also highlights governance items that differ from many peers: the firm currently operates with a single management person, disclosed an affiliated employment that is to be terminated prior to firm approval, and will rely on SEC safeguards for standing letters of authorization rather than an annual audit.