Investment Services

Investment Services

Wilsey Asset Management was founded with the goal of assisting our clients in every aspect of their financial lives. Another factor aiding our company's growth has been providing personalized service and putting our most valuable asset, our clients, first. We strive to create financial stability and financial independence for each of our clients.
At Wilsey Asset Management, we provide financial assistance in the following areas:
Non-Retirement Accounts
  • Individual & Joint
  • Corporate
  • Trusts & Foundations
  • Education Savings
Retirement Accounts
  • Company 401(k) 
  • Individual 401(k)
  • Company Pension Plans
  • Traditional IRA
  • Roth IRA
  • SEP IRA
  • Simple IRA
  • Inherited IRA

Management Style

What makes Wilsey Asset Management different is our management style. While other investment advisors and brokers are selling and using mutual funds for your investments, Brent builds your portfolio using individual equities. This approach has led to the development of our client’s Individualized Concentrated Value Portfolio. A lot of time is spent reviewing and analyzing the financial statements of the companies owned in your portfolio as well as Brent’s personal portfolio, which is invested alongside his clients. Brent has an excellent understanding of the business and the financial market. Wilsey Asset Management is investing in a diverse portfolio of different businesses, not gambling on the stock market or stock trading.
Weekly review of important items on your investments includes:
  • Valuation ratios: price/earnings, price/book, price/sales, and price/cash flow
  • Growth rates on sales and earnings per share
  • Financial strength: current ratio and total debt to equity
  • Management effectiveness: return on capital and return on equity
  • Management efficiency: receivable turnover & inventory turnover
  • Development of target buy and sell prices
Twice a year Wilsey Asset Management holds a client brunch for the clients in and around the San Diego area. Clients not able to attend are encouraged to watch the event on our website. This is a great meeting used to discuss the current economic environment and discuss some of the companies in the portfolio, which in turn gives his clients an understanding of the real world of investing and direction they are headed.

If you’re tired of investing the way you have in the past, maybe it’s time you took a different approach to your investments using fundamental analysis. This style, which has been used by investment greats like Benjamin Graham, Warren Buffet, Peter Lynch and David Dreman has been a very influential management style.

Individualized Concentrated Value Portfolio

First, individualized means that all my clients’ accounts are kept separate with their investments. You may think that your broker does the same thing by keeping your portfolio separate, but what I am talking about is the actual investments.

When you hold investments in mutual funds or ETFs with your broker, your money is combined with other investors and your performance can be hurt by the other investors adding or deleting from their accounts. When my firm invests in, say, ABC company, each client actually holds the shares of ABC company.

For example, when we buy $10 million of ABC company, each one of my clients that meet certain investment criteria will receive a certain number of shares based on a 6 percent value of their account.

In other words, my clients actually own small pieces of the companies that we buy as opposed to shares in a mutual fund. My team and I have devised a comprehensive system so that each client’s account is invested very close to my own personal account.
I also make a concentrated portfolio for my clients. The portfolio is considered concentrated because I will not invest in more than 15 to 18 different companies.

This may seem risky to the average investor, but there is actually a financial formula that states 15 companies give the investor the best return with the least amount of risk. If you would like this formula, please contact my firm and we will send it to you.
It is also important to make sure that these 15 companies are invested in different industries, such as energy, technology, pharmaceutical and banking, just to name a few. And my firm watches the concentration of any one company to make sure it does not become excessive or over-concentrated.

The last part of our strategy is the value of what we buy. If you have read my columns and newsletters or listened to me on the radio or TV, you would know some of the fundamentals we look at to make sure we are getting value for our investments.
Very briefly, we look at the valuation ratios, such as what we pay for the earnings, sales, book value and cash flow of the company. If the company pays a dividend, you want to understand the earnings the company uses to pay that dividend and how much is left over to continue to run and grow the business.

Performance

Investors will often make hiring decisions based on past performance. This is a very dangerous practice which can hinder future results. We all know the age-old statement, “Past Performance is no guarantee of future results.” If you or your advisor generated good returns over the past year or even 5 years, but you do not have a clear understanding of the reason, your future returns could be in jeopardy. While past performance does carry some merit, it is far more important to understand the process and the reason behind the investment’s performance.

Wilsey Asset Management likes seeing their clients' portfolios grow and is very proud of what they have been able to accomplish for their clients, although all securities have risks of loss. Wilsey Asset Management bases performance over a seven-year business cycle, this allows investors to get a real feeling for the true measurement of success. We are very realistic with our clients and make sure they understand the portfolio will experience volatility and out of that seven-year period they will experience a couple of losing years. It is during those losing years that true investors can find the best investments to generate strong returns over the long term.

Our firm does not get wrapped up in the day-to-day volatility of the stock market. We expect to see those losing days, weeks, months, and even years, but our goal is to focus on building your portfolio for the long term and to educate you through those emotional and volatile periods.

Fees

Investors will often make hiring decisions based on the fees charged. This narrow view can have a negative impact on your long-term returns. While it may appear you are paying less, if the net return after fees and charges is not justified you may actually be paying more in terms of the opportunity cost. As an example, if you compare an advisor that charged 1.0% and had a net return of 5.0% to an advisor that charged 1.5% and had a net return of 8.0%, you would have had a higher economic cost -----by choosing the advisor with the lower fee. Simply put, would you rather earn 5% or 8%?

The financial industry is filled with hidden fees and commissions many investors do not see or realize they are paying. While investors do not see them, the fees are there and they can dampen the long-term performance of their portfolio. Whether it be advisors charging a fee to place investors into a mutual fund charging an additional fee, or even worse, advisors charging a fee to manage an annuity they sold to the client for a high commission (Can be upwards of 10%), the fees can add up and hinder their performance.

At Wilsey Asset Management, we do not sell products and we have a transparent fee structure that is very simple for our clients to understand. The fee is based on the net invested assets. This puts us on the same side of the table as our clients, when our clients make more money, Wilsey Asset Management makes more money.

Our Principle

Our company is based on the principle that education and understanding of your current financial situation is vital to successfully make prudent decisions concerning your future financial condition. If you have any questions about your current financial situation or wish to schedule an appointment, send us an email or give us a call at (858) 546-4306.

Contact us today for more information.

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