Ciovacco Capital Management

The firm provides discretionary portfolio management to individuals, high-net-worth clients, and select business entities on a fee-only, fiduciary basis. It manages separate accounts invested primarily in exchange-traded funds and reports roughly $217 million in assets across about 214 client accounts.

Investment decisions are driven by a proprietary CCM Market Model that uses fundamental, technical, cyclical, economic, historical, and behavioral inputs — monitoring hundreds of binary questions and relying on backtested, probabilistic allocations between growth-oriented and lower-volatility ETFs. Accounts are implemented on a discretionary basis with only limited client-level tailoring (for example, higher cash levels or exclusion of certain high-volatility ETFs) and may include exposures to equities, bonds, commodities, and country- or sector-specific ETFs.

Relative to peers, the firm is notable for its high client load for a single-advisor practice and for public distribution of its model-driven commentary and results, including weekly market videos and blog updates (videos the brochure notes have been viewed over 10.3 million times). It emphasizes an evidence-based, model-centric process and frequent public communication of model updates and market views, which makes its methodology and historical model performance more visible than is typical for similarly sized advisory firms.