IMA is a state registered investment advisor, we are registered with our home state of Colorado. We are also registered with other states as needed or will pursue registration as the need arises.

IMA provides personal investment management services to individuals, institutions and foundations through separately managed accounts consisting of individual securities (stocks, bonds and money market).

Our sole purpose is to preserve and grow our clients’ wealth through a disciplined active value investing approach.

IMA's Chief Investment Officer, Vitaliy N. Katsenelson, has spelled out our approach in depth in his books The Little Book of Sideways Markets (Wiley, 2010) and Active Value Investing (Wiley, 2007). In few words: we seek to own high quality companies that grow earnings and pay above average dividends, we buy them with an appropriate margin of safety, and when they trade at a discount to their fair value.

Clients’ portfolios are customized to their individual circumstances. Tax consequences are always considered. Assets are held in the client’s name at the client’s chosen brokerage firm or at a discount brokerage firm to minimize transaction costs.

If you have been successful in accumulating six-figures of investment assets, you deserve personalized portfolio management by experienced professionals. At IMA, that is all we do.