Description of the Advisory Firm
Portfolio Strategies, Inc. (“PSI” or the “Firm”) is a company organized in the State of New York. PSI is an investment advisory firm
registered with the United States Securities and Exchange Commission (“SEC”). PSI has been providing investment advisory services to a
varied clientele since 1993. PSI is majority owned by Mr. Paul S. Kirshenbaum. PSI offers services both from Monsey, NY and Montvale,
NJ.
Types of Advisory Services
PSI provides holistic and personalized discretionary and non-discretionary investment advisory services to individuals, including high net
worth individuals, and entities, including, but not limited to, trusts, estates, private foundations, and qualified retirement plans.
Investment Management Services
PSI offers investment management services on a discretionary basis. All investment advice provided is customized to each client’s
investment objectives and financial needs. The information provided by the client, together with any other information relating to
the client’s overall financial circumstances, will be used by PSI to determine the appropriate portfolio asset allocation and
investment strategy for the client. Account supervision is guided by the stated objectives (i.e., growth, growth with some current
income, current income with some growth) and risk tolerance of the client. PSI's basic investment approach is to achieve capital
appreciation (i.e., growth), with variations on the approach that take into consideration the client's objectives and risk tolerance.
The securities utilized by PSI for investment in client accounts primarily consist of equity securities, registered mutual funds and
exchange traded funds (ETFs), but we may also invest in corporate bonds, REITS, unit investment trusts, and alternative
investments, among others, if we determine such investments fit within a client’s objectives and are in the best interest of our
clients. Client portfolios may also include private investment funds, which are offered only to clients who are accredited investors,
and when the investment is consistent with the client’s stated investment objectives and risk tolerance.
Investment Management Services to Retirement Plans
PSI offers discretionary and non-discretionary advisory services to qualified plans, including 401k and
pension plans. These
services include, depending upon the needs of the plan client, recommending, or for discretionary clients selecting, investment
options for plans to offer to participants, ongoing monitoring of a plan’s investment options, assisting plan fiduciaries in creating
and/or updating the plan’s written investment policy statements, working with plan service providers, and providing general
investment education to plan participants.
PSI cannot provide any guarantees or promises that a client’s financial goals and objectives will be met.
Client-Tailored Advisory Services
We want clients to have a thorough understanding of PSI's investment approach. If a client requests securities other than mutual funds or
ETFs in his/her portfolio the client will be accommodated, if possible. Clients may impose reasonable restrictions on the management of their
accounts if PSI determines, in its sole discretion, that the conditions would not materially impact the performance of a management strategy
or prove overly burdensome for PSI’s management efforts.
Information Received From Clients
PSI will not assume any responsibility for the accuracy of the information provided by clients. PSI is not obligated to verify any information
received from a client or other professionals (e.g., attorney, accountant) designated by a client, and PSI is expressly authorized by the client
to rely on such information provided. Under all circumstances, clients are responsible for promptly notifying PSI in writing of any material
changes to the client’s financial situation, investment objectives, time horizon, or risk tolerance.
Fiduciary Acknowledgment
When PSI provides investment advice to you regarding your retirement plan account or individual retirement account, PSI is a fiduciary
within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are
laws governing retirement accounts. The way PSI makes money creates some conflicts with your interests, so PSI operates under a special
rule that requires the Firm to act in your best interest and not put our interest ahead of yours.
Wrap Fee Program
PSI does not participate in a wrap fee program.
Assets Under Management
As of December 31, 2023, PSI has approximately $723,730,438 in discretionary client assets under management.