Families and individuals
Multi-generational portfolios with estate coordination and risk management built into every allocation decision, not bolted on afterwards.
Start a planRegistered investment adviser · California
Wealth built to outlast the market cycle.
Thematic, sector-specific strategies for families and institutions who want growth with resilience built in, and a fiduciary across the table.
Who we serve
Three kinds of client, one standard of care. Every relationship starts with a plan, not a product.
Founders and executives
Concentrated positions, equity compensation and liquidity events need a plan before the event, so the proceeds land in a structure that is already built.
Plan a liquidity eventInstitutions and foundations
Thematic sleeves and sector mandates for endowments, foundations and operating reserves, reported against the policy you set.
Discuss a mandateHow we invest
Chasing returns is not a strategy. Owning the themes that shape the next decade is.
We bridge modern wealth creation and multi-generational protection: data-driven positioning in the sectors being reshaped by technology, held inside a structure designed to protect principal through volatility.
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01
Adaptive growth
Data-driven insight into an evolving global economy, from artificial intelligence to decentralized infrastructure, expressed as thematic and sector-specific positions rather than a passive index.
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02
Built-in resilience
Portfolios structured to weather volatility and protect principal: position sizing, liquidity reserves and downside limits are set before the first trade, not after the first drawdown.
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03
Family-first strategy
Estate planning and risk management integrated into every investment decision, so the success built today is the foundation the next generation stands on.
Investment theses
Every portfolio starts from a diversified core. Which themes sit on top of it, and how much of each, is set by your investment policy, not by us. Each is a written thesis with a sizing rule and an exit condition.
| Thesis | What is changing | How it is held | Read |
|---|---|---|---|
| The diversified core | Broad ownership of the world's companies and high-quality bonds through low-cost funds, plus a cash reserve. The foundation every portfolio holds; for some clients, the whole portfolio. | Core | Read the thesis: The diversified core |
| Income and capital preservation | A bond ladder maturing into the years the money is needed, a reserve for the nearest ones, and dividend equity where income must grow. Sized from the spending plan backwards. | Active | Read the thesis: Income and capital preservation |
| Artificial intelligence and compute | The capital cycle behind model training and inference: chips, power, cooling, memory and the software layer on top. A sleeve where a client's policy calls for growth. | Active | Read the thesis: Artificial intelligence and compute |
| Decentralized infrastructure | The rails, custody and settlement layers being rebuilt outside the traditional intermediaries, held only through regulated vehicles and only with a hard position limit. | Active | Read the thesis: Decentralized infrastructure |
| Power and the grid | Electricity demand is rising again after two flat decades, and the grid was built for the old demand. Under study as a lower-volatility expression of the compute theme. | Research | Read the thesis: Power and the grid |
| Healthcare and longevity | Ageing populations and a generation of new treatments, from metabolic drugs to cell therapies. Under study, through diversified exposure rather than single-drug bets. | Research | Read the thesis: Healthcare and longevity |
Theses describe our research and are not an offer or a recommendation. Holdings differ by client and by investment policy; no client holds every theme. All investing involves risk, including loss of principal.
Working together
Four steps, and the fourth never ends.
Step one
Discover
What the money is for, who it must outlast, and what you cannot afford to lose. A conversation, not a questionnaire.
Step two
Design
A written investment policy: allocation, themes, limits, liquidity and the estate structure it sits inside. You approve it before anything moves.
Step three
Implement
Assets held in your name at Charles Schwab, an independent qualified custodian. We trade under a limited authority; we never take custody.
Step four
Steward
Quarterly reporting against the policy, rebalancing on rules, and a standing review whenever your life or the thesis changes.
Insights
All letters and researchPlanning
How a cash-balance plan works for law-firm partners
A cash-balance plan can let partners set aside far more each year than a 401(k) allows. Here is how it works, who it suits, what it costs the firm and what to ask the actuary.
Firm
What a fiduciary actually owes you
Loyalty and care are legal duties, not slogans. What they oblige an adviser to do, what they do not promise, and four questions to ask anyone who manages your money.
Approach
Why we invest in themes, not indexes
An index is a photograph of the economy as it is this morning. A theme is a written thesis about how it is changing, held inside a policy that makes the concentration survivable.
The quarterly letter
What we are watching, what we changed and why.
Four letters a year, written by the firm. No market tips, no selling. Unsubscribe in one click.
About the firm
Our edge is not only in the data. It is in how we behave.
Inherent Wealth Fund, LLC is an independent, fee-only registered investment adviser based in California. We earn trust by prioritizing partnerships over quarterly reports, by putting your interests first as a mandate rather than a policy, and by holding ourselves to doing what is right in every trade and every conversation.
- Fiduciary at all times
- Fee-only, no commissions
- Assets held at Charles Schwab
- Form ADV on request
Schedule a conversation
Thirty minutes, no obligation. Tell us what the money is for and we will tell you honestly whether we are the right firm.
Or call (415) 692-0863 · contact@inherentwealthfund.com