fee-only investment management

(941) 350-7904

Who we serve

  • Late Career

    Grow, protect and position your portfolio before retiring.

  • Retirement

    Protect and live off your retirement portfolio effectively.

  • Transition

    Steer your portfolio through important life changes.

What we do

We build and manage financial portfolios for each of our clients, focusing on downside risk control. Our disciplined investment process provides us with a solid plan to act in all market conditions.

Contact us today for a complimentary consultation to discuss your path to financial success.

What we think

Many of today's taken-for-granted investment practices can be detrimental to the success of your portfolio. We avoid them by using a systematic approach to Diversify, Revise and Protect your financial investments. Read more

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Upcoming Events

Revocable living trusts: Problems and pitfalls explained in free education roundtables

Raul Elizalde, president and chief investment officer of Sarasota-based Path Financial, and Dennis Makarewicz, founder of First Security Capital Management of Venice, will lead a series of three free educational roundtables, open to the public, explaining the key concepts of legal and financial protection of family assets, with a focus on revocable living trusts. Guest speaker will be Venice estate planning attorney Mary Olsson. The free roundtables are offered Tues., Feb. 17, at 2 p.m.; Wed., Feb 18, at 10 a.m.; and Thurs., Feb. 19, at 2 p.m. Each event will be held at First Security Capital Management’s Education Center in Venice, located at 1491 E. Venice Ave. To register, call 941-483-3732.

Raul Elizalde, president of Path Financial, will speak at the 2014 National Financial Advisors Week in New York City. The event is sponsored in part by Thomson Reuters, USA Today and the Financial Planning Association of New York. Read more

What we say


A silly story investors should ignore.

Raul Elizalde, 02.25.2015 - Most likely you have been told to stay invested because missing a few good days can be very bad for your portfolio. Don't believe it. Read More

No reason to fear the Fed

Raul Elizalde, 01.12.2015 - It is clear that investors are afraid that the Fed will end its stimulus by the way the market is acting. But a change of Fed policy should be way down in the list of investors' worries. Read More

Bears go into hibernation

Raul Elizalde, 11.21.2014 - Historically, the market shows its best performances during November, December and January as the bears go to sleep in those winter months. How the market will behave beyond January, though, is anybody's guess. Read More

Bulls and bears fight it out

Raul Elizalde, 10.21.2014 - While bulls focus on the stellar performance of the US, bears turn their attention to growing global risks. The arguments are closely contested, and investors are caught in the middle. Here's our take. Read More

The bull market will end, but not yet

Raul Elizalde, 9.3.2014 - Some observers say that the stock market has gone up too much and therefore it's bound to fall. But stocks have gone up far more in past bull markets. Read More

Don't sell your bonds yet: weak wages means low rates are here to stay

Raul Elizalde, 7.25.2014 - Janet Yellen is right to be concerned about wages. But all she can do right now is keep rates low. Don't rush to get rid of fixed income exposure. Read More

Bad apples: the Raymond James broker who sold fake investments

Raul Elizalde, 7.11.2014 - A Raymond James broker based in Greenville, SC was fired, reported to law enforcement and barred from the industry after selling a fake investment to clients that ended up being his personal checking account. Read More