Intrinsic Value Partners, LLC

Intrinsic Value Partners, LLC provides discretionary investment management along with financial planning and limited consulting to individuals, trusts, estates, charitable organizations and other business entities, with a client base that includes high-net-worth households. The firm manages client assets on a discretionary basis and also advises on certain non-custodial products such as variable insurance contracts and employer-sponsored retirement plan assets.

IVP’s investment process is primarily bottom-up fundamental analysis aimed at long-term capital appreciation through a concentrated portfolio of U.S. equities, assessing stocks as ownership interests in businesses and seeking opportunities where price is below perceived intrinsic value. Portfolios are generally low-turnover, may include relatively large position sizes based on manager conviction, and the firm also uses mutual funds, ETFs, certificates of deposit and, when appropriate, independent sub-advisors to complement its stock holdings.

Noteworthy characteristics include a small advisory team managing a multi-hundred-million-dollar discretionary book, a formal policy to reduce fees on excess cash balances after an initial client period, and operational arrangements—such as standing limited transfer authority for linked accounts and receipt of institutional software and support from its custodian—that have custody and conflict-of-interest implications. IVP does not vote client securities; clients receive proxy materials directly, and the brochure discloses participation in sponsor educational events that the firm identifies as a potential source of conflict.