Independent, fee‑only wealth management.

Fiduciary investment adviser · Avon, Connecticut · Est. 1996

Approach

Customized
Built for each client’s goals.
Unbiased & Diversified
Low-cost asset classes.
Easy to Understand
Clear statements and quarterly reports.
Simplified
Brokerage accounts consolidated.

Philosophy

Client first

As an independent, fee-only advisor, Spivak Asset Management always puts the client’s interest first. Each portfolio is designed around the client’s goals and risk tolerance.

Evidence, not speculation

The model is grounded in the science of capital markets, drawing on academic research and real market experience. The result is a diversified portfolio of low-cost asset classes, located for tax efficiency.

Peace of mind

Accounts are consolidated, reports are easy to read, and communication is one-on-one, so clients can focus on the rest of their lives.

Jay S. Spivak

Owner & Investment Adviser

Experience

Spivak Asset Management, LLCOwner / Investment Adviser1996–Present
Ballentine Capital ManagementPortfolio Manager1992–1996
George Weiss AssociatesAnalyst / Trader1989–1992

Education

University of PennsylvaniaManagement & Technology Dual Degree
The Wharton SchoolB.S. Economics
Penn EngineeringB.A.S.

The important thing about an investment philosophy is that you have one you can stick with.
David Booth
The beauty of diversification is it’s about as close as you can get to a free lunch in investing.
Barry Ritholtz
The purpose of the margin of safety is to render the forecast unnecessary.
Benjamin Graham
Do you know what investing for the long run but listening to market news every day is like? It’s like a man walking up a big hill with a yo-yo and keeping his eyes fixed on the yo-yo instead of the hill.
Alan Abelson
Value investing is the discipline of buying securities at a significant discount from their current underlying values and holding them until more of their value is realized. The element of a bargain is the key to the process.
Seth Klarman
Only liars manage to always be out during bad times and in during good times.
Bernard Baruch
Investors must keep in mind that there’s a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.
Richard Thaler
Invest for the long haul. Don’t get too greedy and don’t get too scared.
Shelby M.C. Davis
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Paul Samuelson
The first rule of compounding: Never interrupt it unnecessarily.
Charlie Munger