Overview
The Firm offers a variety of advisory services including consulting and investment and portfolio
management services. Prior to the rendering of any of the foregoing advisory services, clients are
required to enter into one or more written agreements with the Firm setting forth the relevant terms and
conditions of the advisory relationship (the “Agreement”).
The Firm has been an independent registered investment adviser since May 1985 and is wholly owned by
Gary Greenberg. As of December 31, 2023, the Firm had $132,979,318 in client
assets under discretionary management and no client assets under non-discretionary management.
While this brochure generally describes the business of the Firm, certain sections also discuss the
activities of its Supervised Persons, which refers to the Firm’s employees and/or any other person who
provides investment advice on the Firm’s behalf and is subject to the Firm’s supervision or control.
Consulting Services
The Firm offers clients a range of consulting services, which may include any or all of the following
functions:
Cash Flow Forecasting
Retirement Planning
Asset Allocation
Business Planning
Estate Planning
Insurance Needs Analysis
Risk Management
Charitable Giving
Investment
Expert Testimony
While each of these services is available on a stand-alone basis, certain of them may also be rendered in
conjunction with investment portfolio management as part of a comprehensive wealth management
engagement (as described below). In performing these services, the Firm is not required to verify any
information received from the client or from the client’s other professionals (e.g., attorneys, accountants,
etc.) and is expressly authorized to rely on such information.
The Firm may recommend the services of itself and/or other professionals to implement its
recommendations. Clients are advised that a conflict of interest exists if clients engage the Firm to
provide additional fee-based services. Clients retain absolute discretion over all decisions regarding
implementation and are under no obligation to act upon any of the recommendations made by the Firm
under a consulting engagement or to engage the services of any such recommended professionals,
including the Firm itself. Clients are advised that it remains their responsibility to promptly notify the Firm
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of any change in their financial situation or investment objectives for the purpose of reviewing, evaluating
or revising the Firm’s previous recommendations
and/or services.
Investment Management Services
The Firm manages client investment portfolios on a discretionary basis. In addition, the Firm provides
clients with investment management services which may include a broad range of comprehensive
consulting services as well as discretionary management of investment portfolios.
In regards to portfolio management services, the Firm primarily allocates client assets among various
mutual funds, exchange-traded funds (“ETFs”), individual debt and equity securities and options in
accordance with the investment objectives of the individual clients. In addition, the Firm may also
recommend that clients who qualify as accredited investors, as defined by Rule 501 of the Securities Act
of 1933, invest in privately placed securities, which may include debt, equity and/or interests in pooled
investment vehicles (e.g., hedge funds). Where appropriate, the Firm may also provide advice about any
type of legacy position or other investment held in client portfolios.
Clients may also engage the Firm to advise on certain investment products that are not maintained at
their primary custodian, such as variable life insurance and annuity contracts and assets held in employer
sponsored retirement plans and qualified tuition plans (i.e., 529 plans). In these situations, the Firm
directs or recommends the allocation of client assets among the various investment options available with
the product. These assets are generally maintained at the underwriting insurance company or the
custodian designated by the product’s provider.
The Firm tailors its advisory services to meet the needs of its individual clients and continuously seeks to
ensure that client portfolios are managed in a manner consistent with their specific investment profiles.
The Firm consults with clients on an initial and ongoing basis to determine their specific risk tolerance,
time horizon, liquidity constraints and other qualitative factors relevant to the management of their
portfolios. Clients are advised to promptly notify the Firm if there are changes in their financial situation or
if they wish to place any limitations on the management of their portfolios. Clients may impose
reasonable restrictions or mandates on the management of their accounts if the Firm determines, in its
sole discretion, the conditions would not materially impact the performance of a management strategy or
prove overly burdensome to the Firm’s management efforts.