IMA | Active Value Investing Private Portfolio Management

We grow your wealth.
You don’t worry about the markets.

We custom-build a stress-tested portfolio designed to navigate you through bad patches in the economy and markets, so you can enjoy the good ones.

LEARN MORE

We aspired to build an investment service that we would love being a client of. We are proud of the result.

IS IMA FOR YOU?

Low-risk
value investing
oriented towards
long-term growth

We built IMA on value investing principles outlined by Benjamin Graham and popularized by Warren Buffett, then added a twist of our own.

The result is an all-terrain portfolio designed to grow while riding out any bad financial terrain it comes across.

Our Active Value Investing Principles

Low-risk
value investing
oriented towards
long-term growth

We built IMA on value investing principles outlined by Benjamin Graham and popularized by Warren Buffett, then added a twist our own.

The result is an all-terrain portfolio designed to grow while riding out any bad financial terrain it comes across.

Our Investing Principles

Our goal:
consistent,
uninterrupted
compounding

Due to regulatory reasons, we do not publish our returns publicly. However, to request our historical performance, please reach out to us.

Request Historical Performance

Research-based,
fad-free stock
selection

Don’t subject your portfolio to your fund manager’s emotions and ulterior motives.

We stay rational through a research-heavy process with clear buy and sell criteria.

To pick new stocks for your portfolio, we build financial models of hundreds of businesses every year. Only a handful make the cut.

That way your wealth is protected by decisions based on research, not emotions or trends.

Our Investment Process

Full transparency
about what your
portfolio contains
and why

You should know what’s in your portfolio and why it’s there.

That’s why we’ll walk you through all our investment decisions in our quarterly letters. And you can check your positions any time, any day.

Custom-tailored
portfolio and
client experience

No more being a number in a spreadsheet. We individually manage each client’s personal investments to maximize their long-term growth while minimizing risk.

We’ll buy new clients stocks our current clients own only if those stocks are still good purchases.

We can also avoid specific types of stocks if you have ethical or tax-related considerations.

Direct line of
communication with
decision makers

We won’t make you wade through an automated phone system or talk to people who don’t know anything about investing.

Our clients have direct access to IMA’s decision makers by phone or email when they want to talk about their portfolios.

Our Client Experience

No conflicts
of interest

Our only source of income is our fully disclosed management fee.

We built IMA so that our profits directly correlate to changes in your wealth, ensuring we always make investment choices that are only in your best interests.

That’s why our managers own the same stocks as you.

Managers who
own the same
stocks as you

Virtually all Vitaliy’s and Michael’s liquid assets are managed by the firm, invested in the same stocks as the rest of our clients. That includes Vitaliy’s personal account, as well as those of his wife and three kids

That’s because we firmly believe that IMA’s methodology is the only sane way of investing in today’s economy.

A Firm Built for You

CLIENT TESTIMONIALS

I think it is top notch! Everything IMA is doing is matching what you claimed.

Frank

New Providence, New Jersey

Since becoming an IMA client, the relationship has been perfect for me. The stock selections have been well researched. The returns have been quite good during a turbulent market. Communication has been thoughtful and timely, and the firm is accessible. And I don’t worry about what the market is doing – that’s IMA’s responsibility.
I have referred a number of close friends to IMA, and I suspect over time they will become clients, too. I will continue to refer IMA. I am a fan.

George

Roswell, Georgia

To find a team that has skin in the game is rare (they’re all invested in the same securities). To find an investment team with whom I share personal values – rarer still. I am at peace and in the black when it comes to my investments – what a blessing.

Ken

Chapel Hill, North Carolina

IMA has always made us feel apart of something bigger, a family or as you note, a tribe. This attitude is extremely unique in the financial world were a quick buck or the next flashily investment is often more important. Thank you for putting your souls in the game!

John

Maple Grove, Minnesota

Maintaining a consistent philosophy of investing in good companies for the long term permits me to sleep at night. Level headed investing is a rare commodity, Vitaliy Katsenelson and IMA deliver on this promise.

Ronald & Suzan

Mount Pleasant, South Carolina

What I realized after joining IMA is that IMA is not an anonymous investment firm but maintains active contact with its clients that goes beyond business relationships.

Volker

Uster Zürich, Switzerland

With IMA, I have a better relationship with the investment company than I have ever had with any investment company.

Robert

Spokane, Washington

Joining the IMA Team was the best move we have ever made with our joint retirement portfolio. We have now been with IMA for about 18 months and the results have been excellent, stress levels have become a thing of the past, and the IMA Team is great to work with.

Mark & Regina

Aurora, Colorado

It’s important to us to have someone managing our money so that we can sleep at night regardless of the situation of the markets. And that is what we have with Vitaliy.

Ilene & Larry

Fort Myers, Florida

IMA did not make any direct payments to clients for testimonials. However, according to SEC rules, buying a meal at a restaurant for a client is considered an indirect payment. IMA hosts events with meals for clients whenever the IMA team visits clients’ cities and hosts an annual client dinner in Denver, inviting all clients. Many clients who provided testimonials have attended an event with a meal paid for by IMA, and thus, according to SEC rules, have received indirect compensation.

READ ALL TESTIMONIALS: ONLINE · PDF

Well-known for his insightful investment articles that have been published in Financial Times, Barron’s, BusinessWeek, and many others, Vitaliy has been dubbed “The New Benjamin Graham” by Forbes.

He has over 20 years of investment experience. His books have been translated into eight languages. He has taught graduate investment classes at the University of Colorado and he speaks to investor organizations in the U.S. and abroad.

Vitaliy received both his BS and MS degrees in finance from the University of Colorado at Denver. He served on the board of CFA Society of Colorado and is currently on the board of the Arapahoe Philharmonic.

You can find Vitaliy’s articles on life, investments, and classical music on his personal websites, The Intellectual Investor, and My Favorite Classical, or listen to them on the Intellectual Investor Podcast.