Envision Capital Management Ltd

The firm provides discretionary portfolio management to individual and high-net-worth clients and offers pension and 401(k) plan consulting, general financial and business consulting, and insurance product sales. It also serves as the manager and investment adviser to a pooled investment vehicle, Talisman Partners LLC, in addition to managing separately managed accounts.

Investment advice is delivered using a buy-and-hold and dividend-reinvestment orientation informed by fundamental analysis, with portfolios monitored continually and rebalanced as needed; account oversight is discretionary and clients receive quarterly reporting from the custodian. For pension clients the firm prepares investment strategies, assists in selecting and monitoring investment vehicles, and provides investment education to plan participants rather than participant-directed investment services.

The firm’s profile is atypical for its peer group because it sponsors and manages a private pooled fund that acquires portfolios of written-off consumer debt and judgments (Talisman is closed to new investors and provides audited financials to members). The brochure discloses a 2011 SEC enforcement action—resulting in a cease-and-desist order, censure and a $100,000 civil penalty related to earlier fund activities—and also notes that the firm’s principals maintain insurance licenses and may receive customary commissions from insurance sales, which the firm identifies as a potential conflict of interest.