A Message From Our President
Originating in England and brought to the United States by the great 19th and 20th century industrialists, the private family office was comprised of a team of highly credentialed and experienced professionals hired by one family to help organize and manage their vibrant financial lives. Following these guidelines of tradition, Tanglewood Family Office offers our interpretation of private wealth management adapted to the lives and needs of a small number of discerning client families.
Why so few?It's very simple. The level at which we operate on behalf of our client families cannot be mass produced. Implicit in our offering is the understanding that each family is to receive at all times the excellence that has come to be expected from a private family office. Our wealth management services have been carefully designed with that goal in mind. And we have the highly credentialed, high energy, solution-driven team to make it happen.
Core Investment Management ServicesAs Tanglewood Family Office's founder and president, and as a financial advisor at LPL Financial, I personally manage every client portfolio on an individual basis. Drawing from my 25 years of private wealth management experience, we strive to help client families define, implement and maintain a 21st century investment portfolio, offered through LPL Financial, that acknowledges the new definition of global opportunity and risk. Our fee-based account platform sets our focus on the unique needs and investment opportunities associated with high-net-worth client families. Hand-crafted asset allocation decisions are driven by each client family's financial needs and emotional comfort.
So, who are our client families?First, they are vibrant, interesting and interested individuals who enjoy life, family and friends to the fullest. Second, they are financially independent and conservative in their approach to wealth management. Long before today's market turmoil, they recognized and appreciated the importance of wealth preservation as much as wealth accumulation. And, third, they have clearly defined their life's priorities and use Tanglewood Family Office to help keep their priorities intact. Without exception, their number one priority is to enjoy life. And, after all, isn't that what it is really all about?
In ConclusionWhether you have considered establishing a family office in the past, or are now intrigued by the prospects, I encourage you to explore the additional pages of our new web site for greater detail. We would be delighted to visit with you to explore if, and to what extent, Tanglewood Family Office may be of benefit to you and your family.
President and Chief Investment Officer
" Try? There is no "try". There is just do or don't do. "
To offer this type of service, we had to depart from the more common investment management firm format.
- Tanglewood Family Office serves a very small number of client families.
- Each portfolio is personally managed by Tanglewood Family Office founder and 25-year investment management veteran, Andrea Olsen-Condon. Client accounts are handcrafted and monitored throughout the day, every day.
- A tactical growth strategy is used to help manage any portfolio growth while seeking to reduce risk. To provide customization and transparency, we manage every portfolio ourselves without the use of outside money managers.
- Clients may reach us 24/7 and have their calls returned within the hour.
No strategy assures success or protects against loss in periods of declining values.
President/Chief Investment Officer, Tanglewood. LPL Registered PrincipalRice University, B.A., cum laude, Managerial Studies/Economics, 1983. Columbia University Graduate School of Business (NYC), M.B.A., Finance, 1985. Class President. Twenty-five years' financial services experience specializing in portfolio management and securities/economic analysis. Prior to founding Tanglewood in 2005, Andrea was a senior partner with Messier & Messier Financial Advisors in Fredericksburg and Houston; opened the Houston office of Neuberger Berman's Private Asset Management Group; and was a securities analyst with Houston-based private investment counseling firm, Prometheus Advisors.
In recent years, conservative investing has been turned upside down. Classic Investment strategies that stood for decades as the standard for conservative money management have appeared largely ineffective during recent periods of great economic uncertainty and turmoil. As the markets went down with a fury, everything unattended went down with them. When the dust cleared, many conservative investors seemed to have portfolio losses similar to those with an aggressive investment strategy.
It has been our observation that much of the painful loss suffered by conservative investors was the result of employing a passive asset allocation strategy. By passive we mean buying-and-holding or relying on an occasional asset allocation "tweak" of outside money managers or retail portfolio holdings. Problems may also be attributed to advisors trying to respond during a crisis to dozens or even hundreds of client accounts.
Academic studies have shown that asset allocation and stock selection are the major contributors to the variability of a portfolio's return. While there are no guarantees, and every investment strategy carries risk, we find the combination of daily portfolio oversight, coupled with active risk management, may help smooth volatility and help to keep a conservative portfolio more conservative.
Stock investing involves risk including loss of principal.
Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and are subject to availability and change in price.
Asset allocation does not ensure a profit or protect against a loss.
Qualitative and quantitative analysis does not eliminate the risks associated with investing. No strategy assures success or protects against loss in periods of declining values. Investors should be aware that no investment advisor can accurately predict all of the changes that may occur in the market.