History
We formed Financial Freedom Management LLC in 2015 in response to what I felt was a system that placed investors at an unfair disadvantage. Given the changes in the financial services industry since the beginning of the millennium we thought that the time was ripe for change. Greater access to investment options, lower costs, and advances in technology have changed the landscape for the investor.
We took these observations and used them to give investors better service at a lower all-in cost of management. We offer clients the opportunity to create as detailed a financial plan as meets their needs. We craft portfolios to meet those needs. And then we actively safeguard clients' assets to preserve capital during market downturns.
We have cut out the middleman where possible. And where it hasn't been possible we have looked for a combination of best in breed providers at an attractive cost point. A recent survey of accounts managed by advisories with $1 million and under in assets showed that the all-in cost of management was as high as 1.65% to 1.85% of assets.
By contrast, do-it-yourself individuals who use actively managed mutual funds pay on average 1.33% according to an ICI study. And that figure does not include the hidden costs of trading costs, tax inefficiency, and cash drag.
Our goal is to offer a high level of service at a fair cost. Our holistic approach gives clients a plan to meet their needs, address risks, and preserve and grow capital. For accounts with $100 thousand in assets and above our management fee is .90% which results in all-in costs of ~1.4%.
Get in touch
We at Financial Freedom Management know that finding the right advisor is a choice not to be taken lightly. That’s why we offer free consultations to understand your values, define the scope of your goals, and discuss your options.
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Advisor
OWNER
Humberto C. Portillo
For more than 25 years I have been a private investor. In 2010, as a result of careful planning, profitable investments and a successful career, I was able to leave the corporate world and focus on investing and studying the markets. In 2015, I formed Financial Freedom Management LLC to democratize access to wealth management.
My career spans 20 years working in technology building large scale computer systems for the payments business. In technology I distinguished myself by a focus on strategy, analysis and creativity. Two patents have been issued to me in the payments space.
I bring these same skills to bear in my wealth management practice. Working closely with clients to understand their values, goals, and challenges I put together a long term plan for how they can achieve their objectives. Together we put together strategies for addressing risks to the client's plan. I use a quantitative and systematic approach to managing client portfolios. A distinguishing characteristic of my approach is active risk management of portfolios. My approach allows me to preserve capital during turbulent times in the market.
I am strongly committed to developing long-term relationships with clients. An ideal client will work with me for 20 or more years.
In my free time I enjoy meditating, baking bread and spending time with my wife, Carolina, and son Marco.
Education
New York University
MBA International Finance, 1997, with distinction
City University of New York, Brooklyn
M.A., Information Systems and Computer Science, 1990
Georgetown University
A.B., English Literature, 1987
Honors & Awards
• Nominated to Phi Beta Kappa MBA honor society
• Decorated with Veras medal, Institute for the Achievement of Human Potential
• Awarded patent in money transfer of business to business transactions
• Awarded patent in payments of computer to computer transactions
State Registrations & Designations
•Registered Investment Advisor Representative: New Jersey, New York
•Chartered Special Needs Consultant® (ChSNC®)
OFFICE MANAGEr
Lillian (Carolina) Portillo
Carolina is involved in all aspects of the firm's operations.
Education
Columbia University
B.S., Biology, 1987
Honors & Awards
• Decorated with Veras medal, Institute for the Achievement of Human Potential