As independent money managers, we provide long-term wealth & estate preservation strategies and prudent investment advice in a challenging environment for investors. If you are looking for an asset manager or money manager who takes the time to understand your personal situation, Ciovacco Capital Management may be a good fit for you.
Detailed information is provided below concerning our firm, our approach to the financial markets, and our management team.
Independent Money Manager Atlanta - Nationwide ServiceCiovacco Capital Management, LLC (CCM) is an independent money management firm serving clients nationwide. By utilizing extensive research, disciplined risk management techniques, and a globally diversified approach, CCM prudently manages investments for individuals and business owners. Our focus is on principal protection and purchasing power preservation in an ever-changing global investment climate.
About Us VideoA brief "About Us" video can be accessed below. A list of topics covered is shown in the first 15 seconds of the video. Click on the image below to view the video.
Our Investment ApproachCCM’s proprietary asset market models provide investors with access to methods and strategies designed with the simple objectives of making money in favorable climates and protecting capital in unfavorable environments.
The often repeated statement that financial markets are a mechanism to separate people from their money can, regrettably, be valid if a given investment outcome is based on a common and undisciplined approach to portfolio management. When standard approaches to the market fail, it stands to reason better than average results can only be obtained when a different and improved approach is utilized.
Asset prices, and thus the value of your portfolio, are determined by the interaction of millions of market participants around the globe, rather than by the opinions, outlooks, or forecasts of individuals, talking heads, or organizations. The harsh expression the market doesn’t care what you think, unfortunately, is somewhat accurate. Asset prices are determined by the collective thoughts, research, opinions, and outlooks of all market participants from the smallest individual investor to the largest hedge fund. Sound money management must include elements of behavioral science. Understanding the hopes and fears of market participants, especially in the context of history, is extremely important since their hopes and fears ultimately determine the value of the assets in your portfolio.
As human beings, we all tend to be hopeful and fearful in unison. CCM’s approach to money management is based on extensive historical studies of markets, which identify common investment mistakes. We utilize this detailed knowledge of history and develop objective methods to help avoid repeating those same mistakes in the future. Our unbiased and model-driven approach to asset management is based on extensive studies of how financial markets set asset prices.
Understanding The Market’s Risk-Reward ProfileThere are basically two intermediate-to-longer-term investment climates for all assets markets. In a favorable climate, where the odds favor higher asset prices, an investor’s bias should be to hold the majority of their positions during periods of stress, fear, and anxiety. In an unfavorable climate, where the odds favor lower asset prices, an investor’s bias should be to protect hard-earned capital. CCM’s advantage is understanding how to differentiate between these two climates.
Asset managers must have extensive knowledge of both inflationary and deflationary forces and, more importantly, their impact on asset prices. Attractive investments in an inflationary environment are almost polar opposites of those in a deflationary environment. The global financial landscape has an almost infinite number of inputs which drive assets prices, including monetary policy, fiscal policy, economic fundamentals, and asset market technicals. In an era of paper currencies and high levels of global debt, it is imperative money managers understand all asset markets, including commodities, precious metals (gold/silver), real estate, timber, stocks, and bonds.
CCM assists investors with meeting their primary objectives of growing and preserving their purchasing power, taking into account their life-expectancy and inflation (or deflation). In today’s liquidity-driven global economy, asset price correlations have hit a historic high which diminishes the value of asset class diversification. However, at various stages of the economic and business cycle, asset class and sector diversification still play a meaningful role in maintaining a proper risk-reward balance.
Our ClientsPeace of mind allows CCM clients to focus on what is important to them as individuals, rather than becoming overwhelmed with the complexity of the financial markets and what can feel like perpetual uncertainty. Our clients are busy people and business owners who prefer to focus their attention on their family, work, enjoying retirement, and grandchildren, with the comfort of knowing they have hired competent and knowledgeable professionals to manage their investments.
Communication Reduces StressCCM provides daily updates to clients via Short Takes, which is available via the Internet. Our proactive approach to client communication allows individual investors to worry less, knowing their assets are being managed with meticulous attention to detail, backed by the simple and often forgotten concepts of integrity, persistence, and hard work.
With the Internet, scanners, faxes, online meetings, email, PDF files, and blogs, investors can hire the best money manager to meet their needs, rather than the best manager in their respective city or town. CCM uses technology to keep clients informed on a daily basis about market conditions, strategies, and tactics. Informed clients are much more likely to remain invested for longer periods of time, which greatly enhances the probability of successful investment outcomes.
Fee Structure is "Win-Win"Since we are a fee-based wealth manager, our only objective is to help you protect and grow your assets. Our long-term, theme-oriented approach allows for portfolio rebalancing from time to time to adjust to new opportunities or changing market conditions. CCM’s risk management and stop-loss discipline help preserve principal in even the most challenging investment environments.
Real Diversification Includes Multiple Asset ClassesWe explore opportunities in all asset classes to help protect and grow your hard earned assets. Our clients may hold small positions in timber, foreign commercial real estate, gold, silver, base commodities, foreign stocks, foreign bonds, and foreign currencies to compliment their positions in U.S. stocks and U.S. bonds. When conditions warrant, we also use put options as "insurance policies" to protect against downside risk. This approach (wide diversification and hedging) has been used successfully for many years by the best pension and endowment managers to reduce risk and improve returns. Clients who work with Ciovacco Capital Management gain access to a diversification strategy that is seldom seen at the individual investor level. This means you have better odds of protecting and growing your assets.
Christopher G. Ciovacco - Money Management, Research, and Model DevelopmentChris Ciovacco has been serving investors for over 17 years. He is a regular contributor to Financial Sense, Seeking Alpha, and Safehaven. Mr. Ciovacco has been quoted in several media outlets, including the Dow Jones Wire Service, MarketWatch, Fox Business News, the Atlanta-Journal Consitution, and Nasdaq.com.
Chris Ciovacco began his investment career with Morgan Stanley in Atlanta in 1994. With a focus on global macro investing, Chris uses both fundamental and technical analysis to assist in managing risk while looking for growth opportunities around the globe in all asset classes. If you are looking for an independent money manager or financial advisor, Ciovacco Capital is worth a look.
Chris graduated from Georgia Tech with Highest Honors earning a degree in Industrial and Systems Engineering in 1990. His experience in the professional ranks began in 1985 as he began working as a co-op for IBM in Atlanta.
Prior to founding Ciovacco Capital Management, Chris worked as a Financial Advisor for Morgan Stanley in Atlanta for 6 years earning a strong reputation for his independent research and high integrity. Morgan Stanley gave Chris the opportunity to gain some valuable experience in evaluating stocks, bonds, mutual funds, options, commodities, insurance, estate & tax planning strategies, and retirement plans.
Prior to joining IBM & Siemens, Mr. Ciovacco gained some valuable financial and programming experience while working as a consultant for EDS in Atlanta. EDS was eager to hire Chris after he graduated from Georgia Tech's top-ranked School of Industrial and Systems Engineering.
Chris Ciovacco was born in New York, about fifty miles north of the city’s financial district. Chris’ father moved the family to Atlanta in 1970 taking his first executive position with IBM. Chris grew up in Atlanta before heading north again to attend Tabor Academy in Marion, MA for his junior and senior years of high school.
Kathy Ciovacco – Research, Trading, and ComplianceDuring his time with Morgan Stanley in Atlanta, Chris met his wife, Kathy, whose background was in operations and compliance. Kathy Ciovacco was born and raised in Decatur, AL, about eighty miles north of Birmingham. Kathy graduated from Auburn University in 1992. She began working at Morgan Stanley in 1994 in Birmingham. Fortunately for Chris, Kathy accepted a transfer to the Atlanta branch in the heart of Buckhead, where they met. While at Morgan Stanley, Kathy gained valuable experience in the areas of research, operations, and financial industry compliance best practices.
Today, Kathy and Chris manage Ciovacco Capital Management using a team approach. Chris’ primary focus is money management, research, and model development. Kathy oversees operations and compliance, while directing many detailed and time-consuming financial markets research studies. Chris' research and writings have recently been recognized by the allocation of a chapter to his work Management of Hyperinflation and Deflation.
Chris and his wife Kathy live on Centennial Olympic Park in Downtown Atlanta. Both Chris and Kathy are active in the local community. Chris recently sat on the Board of Directors for the Atlanta Downtown Neighborhood Association (ADNA). His focus in the local community is concentrated in the area of public safety. He was selected to sit on Mayor Franklin's Public Safety Task Force working with other Atlanta stakeholders in an effort to improve the already welcoming environment in Downtown Atlanta.
Independent Money Manager Atlanta, GA