Who We Are

Why Obsidian?

Where are the
clients' yachts?

Contact Us

In the summer of 1885 William R. Travers, prominent NYC businessman and builder of Saratoga Race Track, was vacationing in Newport,  Rhode Island.
He pointed out a long line of beautiful yachts tied up in the harbor. When he was informed that they all belonged to Wall Street brokers he simply asked, "
Where are their clients' yachts?".


Wall Street fads and investing styles come and go. The only things that go on forever are costs and taxes.
Why are you paying high fund fees, 12B1 fees, and sales charges when less than 30% of mutual funds managed to beat their benchmarks over the last five
years? Who do you think is paying for those yachts and bonuses?

At Obsidian Investment Management we use Exchange Traded Funds and Index Funds that track their benchmarks' returns year in and year out. ETFs and
index funds have very low fees and they are tax efficient. In many portfolios the total cost to you, including our management fee, could be less than  what
you are paying now for the sub- par performance you may be getting.

At Obsidian:

We believe that the markets are efficient but that investors behave inefficiently.

We believe unemotional management of passive indexing investments can, over the long term, outperform active management of assets.

We believe that understanding risk is more important than understanding return.

We believe the pain of losing money is stronger than the happiness of making money.

We believe Institutional quality investment management should be available to the individual investor.

If you share these beliefs call (516) 697-5514 for an appointment and portfolio evaluation.