Welcome toMeera Advisory LLC
Meera Advisory constructs a concentrated, value equity portfolio to achieve capital appreciation in the long-term and minimize risk and avoid permanent loss of capital
About the Founder
Raj Atisivan is the founder of Meera Advisory LLC.
Raj grew up in the city of Chennai, a coastal city in the southern part of India. He went to college at Indian Institute of Technology (Varanasi, India). He came to the US in 1998 to pursue a graduate engineering degree at Washington State University, Pullman. Upon graduation, Raj got his career start at Intel as a Process Engineer in 2001. After 12 years at Intel, he made a career transition to Corporate Finance. He worked at Blue Apron and Amazon as Finance leader for four years. He has an MBA from UCLA Anderson School of Management, with a focus in Finance.
Raj has been an investor for the past 22 years. A firm believer in Buffett’s way of thinking, he strives to seek out investment ideas that align with value investing fundamentals. Raj founded Meera Advisory in November 2022. He manages a concentrated equity portfolio for clients in separately managed accounts.
Investment Vehicles
My investment vehicles are usually individual stocks held over the long term (multi-year time horizon). Each individual stock position typically do not exceed 5% of the portfolio, and is built over time based on market opportunities. I do not let an individual stock position get bigger than 10% over the course of time. Occasionally I might use stock options or ETFs(Exchange traded funds). Net option positions typically do not exceed more than 5% of portfolio, and are short term (one month to three months). I might enter a hedge position such as a put option on S&P index ETF with a one to three month time horizon. Hedges tend to be very small positions, typically ~1%.
As a long term investor, I am interested in companies that have a strong competitive advantage and a strong management team. The ebb and flow of economic cycle provide opportunities to enter great companies at attractive valuations. Strong management teams can overcome short-term challenges, be it macro-economic or company-specific. In the long run, they emerge stronger than their competitors. The due diligence prior to starting the position provides the conviction to stay the course through the thick and thin.
Typically the number of stock positions at any given time varies from 15 to 25. I do not believe in diversification for the sake of diversification. However, I do seek out the best investment ideas from a wider array industries that make a compelling investment thesis from a valuation perspective. I believe excessive diversification tends to result in mediocre performance when compared to the broader stock market indices over the long run.
Companies that have a strong record of free cash flow and return on assets tend to do very well over time. The market is a voting machine in the short term and a weighing machine in the long term. I allocate a part of portfolio to stocks or ETFs that help generate cash flow in clients’ portfolios. This is done either through investing in dividend yielding stocks or by using covered call strategies. The portfolio is designed to be a cash generating instrument that provides the means to re-invest in the best positioned equities within the portfolio. This approach helps to compound the growth rate over time by allocating incremental capital to the best ideas based on market opportunities.
Source of my investment ideas
I stay within my circle of competence in my search for investment ideas, which is science, technology and finance. The starting point is often a new trend or a technology with a promising multi-year runway. Then I dig in to understand the value created from this new trend, and focus on all the players in the value chain. Typically there would be a few key players that are positioned well to capture a large share of the value created from the business prospects. I am a member of Manual of Ideas – an organization that has an active pool of exceptional value investors that relentlessly seek out and publish new ideas. I also read publications such as – The Apricitas Economics and The Information. I also use Y-charts, a service that has extensive data crunching capabilities that can further validate an investment thesis.
Services Offered
Consulting services to evaluate a client’s portfolio or offer help to construct a stock portfolio based on client’s needs. This entails a one-time stand-alone service agreement. Fees charged depend on the complexity of the request and the time involved to address the needs.
Portfolio management services to manage clients’ accounts on an on-going basis. The company provides some clients with a fee structure that includes a management fee (percent of portfolio) and a performance based fee (percent of profit generated). Some clients may be eligible for a fee structure that includes only a management fee. Clients’ accounts are managed through IBKR in separately managed accounts. Meaning, each client would have their own unique account and not commingled with other clients. The clients will have access at all times to view the transactions and the positions in the accounts. I will be sending quarterly reports to the clients to provide an account summary and explanation of portfolio moves during the quarter.
Regardless of the type of service provided, my duty as a fiduciary, is to put the interest of the client first at all times. I strive to make the best financial decisions to the best of my abilities. My business model is to help enrich the clients and that translates to the company’s success over time.
Minimum Investment
Minimum investment recommended to start a portfolio is $100,000. Clients can add in increments of $25,000 over the course of time.
Target Clientele
Mid-level career professionals interested in investing a small portion of their wealth in an actively managed stock portfolio. I help clients navigate through their financial needs, be it short-term needs such as kids’ education, purchasing a home or longer term needs such as planning for retirement.
Three stages in our consultation process
The method of working with clients as a financial advisor normally consists of three key stages: Client Consultation, Portfolio Construction, and Performance tracking. We can assist the clients in achieving their financial objectives and maximizing their chances for long-term success by using the steps outlined in this procedure.
01
Client Consultation
Understand the client's financial needs, risk tolerance and their personal goals. We take into consideration short term and long term financial needs.
02
Portfolio Construction
Create a portfolio plan that could serve the needs of the clients. We establish a custodial account with Interactive brokers, where Clients can deposit funds to be managed by Meera Advisory.
03
Performance Tracking
Monitor and manage client portfolios. Clients would be able to view their investments at any time. Clients will receive quarterly updates with details and rationale about any changes in investments in the prior quarter.
CALL TO ACTION
Our Advisor Group Is Committed To Help Clients
Secure your financial future by taking charge of your finances right away. For a customized financial strategy catered to your requirements and goals, get in touch with Meera Advisory LLC, your trusted financial advisor. Together, let's lay the groundwork for a sound financial future for you, your family, and generations to come.
