Institutional Thinking for Complex Financial Lives

A Modern Investment Office
for Professionals & Executives

Systematic, regime-aware investment management — designed for high-income professionals whose financial lives have outgrown generic advice. Disciplined process. Tax-aware execution. Full accountability. Built around your complexity.

5
Risk-Profiled Strategies
0.75%
Max AUM Fee / $7,500 Cap
100%
Fiduciary — Always
Sound Familiar?

Alamut Capital was built for exactly this. A systematic, quantitative investment process that adapts to changing markets — and a service model that addresses the full complexity of your financial life.

Philosophy

Different by Design,
Not by Marketing

Most advisors claim to be different. We show it through process, through structure, and through a service model built around what high-income investors actually need — not what's easiest to sell.

01

Regime-Aware, Not Calendar-Driven

We rebalance based on macro and market signals — real interest rates, credit spreads, liquidity conditions, volatility trends — not the date on a calendar. When the environment changes, your portfolio adjusts. Not next quarter. Now.

02

Risk-First, Return-Second

A 50% loss requires a 100% gain to recover. Avoiding deep drawdowns often does more for long-term wealth than chasing an extra point of return. We build portfolios that compound resilience, not fragility.

03

Accountability Built In

If portfolios underperform their benchmark over a rolling 36-month period, a fee deduction is applied. We don't know of another RIA that offers this. We include it because we believe in our process.

04

Institutional Access, No Minimums

Hedge-fund-quality systematic strategies, delivered through a fiduciary managed account. No accreditation requirement. No $1M minimum. Maximum fee of $7,500/year regardless of AUM.

The Alternative to "Just Buy the Index"

Typical RIA
Alamut Capital
Static 60/40 allocation
Regime-adaptive positioning
Calendar rebalancing
Signal-driven rebalancing
Fully correlated to market
Uncorrelated, risk-managed
Tax as afterthought
Tax-aware at every step
1%+ AUM, no cap
0.75% / max $7,500
No equity comp literacy
RSU / NQSO / ISO strategy
No performance accountability
Underperformance fee deduction
The Founder

Why Alamut Capital
Exists

Azhar Mansiya
Founder & Chief Investment Officer
CFA CAIA 15+ Years
Prior experience at:
JP Morgan · Morgan Stanley · State Street · Fiera Capital

"For too long, individuals and families have been left behind by a financial system designed for institutions. I founded Alamut Capital to change that."

After more than 15 years working within some of the world's most sophisticated investment institutions — in roles spanning investment performance attribution, risk analysis, and equity research — Azhar saw the same pattern repeated: the most rigorous, systematic, and truly risk-aware investment approaches were reserved exclusively for institutions, ultra-high-net-worth clients, and hedge funds. Everyone else got generic portfolios and calendar-based rebalancing.

Alamut Capital was built to close that gap. Drawing on deep expertise in fundamental analysis, quantitative portfolio construction, and regime-aware risk management, Azhar designed an investment process that doesn't just talk about managing risk — it embeds risk management at the core of every allocation decision, every rebalancing signal, every client engagement.

The result is an advisory firm that brings institutional-quality investment discipline to high-income professionals, executives, and business owners — without account minimums, without inflated fees, and without the conflicts of interest that compromise most wealth management relationships.

How It Works

A Systematic Process,
From First Call to Portfolio

No black boxes. No mystery. Every step in our process is transparent, evidence-based, and documented in your Investment Policy Statement.

01
🔍

Discovery & Risk Profiling

A deep conversation to understand your income, equity compensation, concentrated positions, goals, timeline, and psychological relationship with market volatility. Both your risk capacity and risk tolerance.

02
📐

Portfolio Architecture

We design your portfolio against your complete wealth picture not just the account you're funding. Unvested RSUs, company stock, real estate equity, and business interests all inform how we build the managed account.

03
⚙️

Regime-Aware Management

Our two-level risk model — macro regime analysis plus tactical market signals, guides positioning continuously. Not every day. Not reactively. Systematically, when evidence supports adjustment.

04
📊

Quarterly Review & Reporting

Quarterly performance and regime briefing reviewed directly with the Portfolio Manager. Stress test results, sector analysis, and forward positioning — all in plain English. You understand what we're doing and why.

Service Model

Two Ways to Work Together

One focused on portfolio management alone. One that extends that management to address the full complexity of your total wealth.

Investment Management
Portfolio Management
0.75% AUM · Max $7,500/year

Institutional-grade, actively risk-managed portfolio management. For investors who want the systematic investment process without broader wealth management services. Our most accessible entry point.

  • Regime-Aware Portfolio Management Five risk-profiled model strategies, customized to your profile with a personalized IPS
  • Tax-Aware Implementation Asset location, tax-loss harvesting, capital gain management built into every decision
  • Active Risk Management Downside protection through hedging and cash buffers when market signals warrant
  • Quarterly Review Meetings Performance, regime update, and stress test review with the Portfolio Manager
  • Underperformance Fee Deduction 36-month rolling benchmark accountability — built into every engagement

All accounts held at Interactive Brokers (IBKR)

Your assets remain in custodial brokerage accounts held in your name. Alamut Capital does not custody client assets. Full client visibility and control, always.

Fiduciary No commissions · No product sales · Client-first
Managed Account Strategies

Five Strategies.
One for Every Risk Profile.

We don't use labels like "growth" or "balanced." We built five distinct strategies mapped to a rigorous risk framework — from capital preservation to aggressive compounding.

Preservation Growth
Capital First

Priority on capital preservation with real growth to outpace inflation. Low drawdown tolerance. Short time horizon.

Conservative Growth
Consistency Focus

Consistent growth with low tolerance for market-like volatility. Low to medium time horizon.

Balanced Growth
Market-Like Returns

Balanced capital growth with medium tolerance for volatility. Medium to long-term horizon.

Aggressive Growth
Capital Appreciation

Aggressive capital growth with high tolerance for volatility and drawdowns. Long-term horizon.

Adventurous Growth
Maximum Compounding

Maximum capital growth. Very high tolerance for frequent large drawdowns. Very long time horizon.

Example Situations We Help Solve

Complexity Is Our
Specialty

We work best when the financial picture is nuanced. Here are the kinds of situations where we add the most value — not abstract complexity, but the specific, recognizable challenges our clients navigate.

Tech Executive · RSUs & Concentration

"A software VP with $4M in employer stock and 3 years of RSUs vesting"

Concentrated in a single name, taxed as ordinary income at each vest, and running out of time before a job change makes things more complicated. We map the full equity picture, coordinate a systematic diversification strategy, and manage the invested account to counterbalance the employer exposure.

→ Outcome: Systematic de-risking, tax-efficient execution
Physician · Dual-Income Household

"A physician couple with $2M across five accounts and no coherent strategy"

Two 401(k)s, two IRAs, a taxable brokerage, and medical practice equity — each managed independently. We bring the full household picture into a single coordinated strategy, with asset location, tax harvesting, and regime-aware management across all accounts.

→ Outcome: Full household coordination, unified risk framework
Business Owner · Pre-Liquidity Event

"A business owner preparing for a $15M sale in 18 months"

The sale is coming. The question is what happens to the proceeds — and whether the portfolio is prepared to receive them intelligently. We build a pre-sale positioning strategy, a regime-aware deployment plan, and coordinate on charitable giving and tax structuring with the client's attorney and CPA.

→ Outcome: Prepared portfolio, tax-efficient deployment roadmap
Affluent Family · Tax-Aware Withdrawals

"An affluent couple beginning tax-aware portfolio withdrawals in retirement"

RMDs, Social Security timing, capital gains sequencing, Roth conversion windows — retirement income is more complex than accumulation. We integrate withdrawal strategy into portfolio management, ensuring each distribution decision is made with full tax awareness and regime context.

→ Outcome: Coordinated withdrawal strategy, minimized tax drag
Why Clients Trust Us

Six Reasons to Feel
Confident Working With Us

Trust is earned through structure, not promises. Every element below is either legally binding, contractually documented, or independently verifiable — not marketing language.

The bottom line: We are a US SEC-registered investment adviser operating under fiduciary duty — legally obligated to act in your interest. We hold no custody of your assets, earn no commissions, and carry contractual accountability for investment performance. That combination is rare. It's foundational to how we operate.

SEC

SEC-Registered Investment Adviser

Registered with the US Securities and Exchange Commission (CRD# 335611). Registration is verifiable at adviserinfo.sec.gov. Not a broker-dealer. Not a salesperson. A registered fiduciary.

Fiduciary Obligation — Legally Binding

As an RIA, we are legally required to put your interests ahead of our own at all times. We earn no commissions, take no referral fees, and sell no products. Your outcome is the only metric that matters.

🏦

Assets Custodied at Interactive Brokers

Your money is held in your name at IBKR — a FINRA/SIPC member with $14B+ in equity capital and coverage up to $500K per account. We never touch or hold your assets. You retain full login access always.

$

Transparent, Capped Fee Model

0.75% AUM, hard-capped at $7,500/year — regardless of portfolio size. No tiered schedules, no hidden charges, no product markups. The fee is documented in your IPS before you sign anything.

Specialized Focus & a Different Approach

We don't manage 500 client relationships with generic allocations. We focus on a specific client — high-income professionals with real financial complexity — and apply a quantitative, regime-aware process that most advisors don't use or understand.

CFA

CFA + CAIA Credentials, 15+ Years Experience

Founder Azhar Mansiya holds both the CFA and CAIA designations — among the most rigorous in finance — and brings 15+ years of institutional experience from JP Morgan, Morgan Stanley, State Street, and Fiera Capital.

Who We Work With

Built for Those Whose
Financial Lives Are Getting More Complex

We don't work with everyone — and that's intentional. Alamut Capital is built for a specific kind of investor: someone whose income, equity compensation, or business interests have created a financial picture that generic advice simply can't address well.

👔

Senior Professionals & Executives

Doctors, lawyers, engineers, partners, and C-suite leaders with significant equity compensation, concentrated employer stock, and trading restrictions. You need someone who understands the full picture — not just your brokerage account.

💻

Tech Professionals

High-earning professionals at public or growth-stage companies managing RSUs, NQSOs, ISOs, and ESPP. Often first-generation wealth builders who have never had professional investment management that actually speaks their language.

🏢

Business Owners & Entrepreneurs

Significant net worth concentrated in a private business. Understanding of risk, an appetite for process-driven decisions, and a need to diversify away from business concentration in a tax-efficient, systematic way.

🎯

Pre-Liquidity Event Clients

A business sale, IPO lock-up expiry, or major option exercise is coming. You know you need to think about the investment picture before the event, not after. High urgency, high complexity — and exactly where we add the most value.

📈

Disillusioned Active Investors

You've been managing your own portfolio, made some emotional mistakes — sold in March 2020, chased AI stocks — and you're ready for a systematic, model-driven process that removes behavioral bias from the equation.

🏠

Households $250K+ Income or $1M+ AUM

Dual-income households with 401(k)s, IRAs, taxable accounts, and equity comp spread across multiple accounts — with no coherent strategy tying them together. You need coordination, not just management.

Frequently Asked Questions

Honest Answers to
The Questions That Matter

We've grouped these by the questions prospects ask most — about fit, our process, fees, and how this actually works in practice. If something isn't answered here, ask us directly.

Getting Started & Client Fit
Is there a minimum investment to work with Alamut Capital?
No hard minimum. Our fee structure — 0.75% AUM capped at $7,500/year — is designed to be accessible without arbitrary account minimums. That said, our services are best suited to clients with $250,000+ in investable assets, or household income above $200,000. Below that threshold, the complexity of our service offering may exceed what's practical. We'll be honest about fit from the first conversation.
I already have a financial advisor. Why would I switch?
You might not need to switch entirely — but it's worth asking whether your current advisor is genuinely managing risk or just holding a static allocation and reviewing it annually. If your portfolio is essentially a 60/40 fund with a human attached, you may be paying active fees for passive results. We offer something structurally different: regime-aware, quantitative portfolio management with a hard fee cap, built-in performance accountability, and genuine equity compensation expertise. The comparison is worth making.
How long does it take to get started?
From first conversation to funded account typically takes 2–3 weeks. The process: (1) Strategy conversation to assess fit and goals, (2) Risk profiling and Investment Policy Statement, (3) IBKR account opening and funding, (4) Portfolio implementation. We handle the complexity — you handle the funding. There's no obligation at any step until you decide to proceed.
Do you work with clients in all US states?
Yes — we serve clients virtually across the United States where we are legally permitted to operate as an SEC-registered investment adviser. Our service is 100% virtual, so geography within the US is not a barrier. All client meetings, onboarding, and ongoing reviews happen remotely.
The Investment Approach
Why not just buy a low-cost index fund?
Index funds are excellent for retirement accounts where you're making regular contributions over decades and can ride out drawdowns. But they're fully exposed to market beta — a 50% loss requires a 100% gain to recover, and the sequence of those losses matters enormously for anyone drawing down capital or approaching a major financial event. Our approach adds regime-aware risk management, dynamic hedging signals, and tax-efficient execution — designed precisely for investors whose wealth has grown to the point where passive indexing is no longer the right tool for the whole job.
What is "regime-aware" investing, and why does it matter?
Markets don't behave the same way in all environments. Rising rates, credit stress, inflationary regimes, and liquidity-driven rallies all require different positioning. Our two-level risk model — a macro regime layer analyzing economic conditions, and a market model tracking tactical signals like volatility, momentum, and risk premiums — guides when to increase exposure and when to reduce it. This means your portfolio adapts to the environment it's actually in, not the environment it was in 12 months ago.
How often does the portfolio change? Am I going to see constant trading?
No. We rebalance based on signals, not calendars — but that doesn't mean frequent trading. The macro model operates on a medium-to-long-term horizon; meaningful regime changes don't happen weekly. Tactical adjustments from the market model may be more frequent, but all trading decisions must clear a threshold of model conviction before execution. We're also mindful of tax impact — unnecessary turnover works against you. You'll see meaningful activity when the evidence warrants it, not as a performance of being busy.
Alamut Capital is a financial planner or an investment manager?
Primarily an investment manager with a systematic, quantitative process at the core. For clients in our Total Wealth Investment Management tier, we extend that investment management to address equity compensation, concentrated positions, and liquidity events — all through an investment lens, coordinated with your CPA and attorney for tax and legal dimensions. We don't replace your accountant or estate attorney; we coordinate with them around the investment portfolio.
Fees & Value
How exactly does the fee structure work? What am I actually paying?
Portfolio Management: 0.75% of AUM annually, billed quarterly, with a hard cap of $7,500/year regardless of account size. A $2M account pays the same $7,500 as a $5M account. Total Wealth Investment Management: flat $12,000/year, which covers everything in Portfolio Management plus equity compensation strategy, concentrated exposure management, liquidity event planning, and charitable giving strategy. There are no commissions, no product sales, no hidden fees. The IPS you receive documents exactly what you're paying and what you're getting.
How does the underperformance fee deduction work, and why do you offer it?
If your portfolio underperforms its designated benchmark over a rolling 36-month period, we apply a fee deduction. The specific calculation and benchmark are defined upfront in your Investment Policy Statement — there's no ambiguity. We offer this because we believe advisors should have skin in the game. It's contractual, not a marketing claim, and we know of virtually no other RIA that offers it. We include it because we have conviction in our process and believe accountability should run in both directions.
What's included in the Total Wealth tier that isn't in Portfolio Management?
Four things: (1) Concentrated asset exposure strategy — mapping and systematically reducing single-stock or business concentration risk, tax-efficiently; (2) Equity compensation integration — RSU vesting schedules, NQSO/ISO exercise analysis, ESPP coordination, all mapped against your managed account; (3) Liquidity event investment strategy — pre-sale portfolio positioning and regime-aware deployment planning for business sales, IPO lock-up expiries, or major option exercises; (4) Charitable portfolio strategy — tax-efficient giving from within the portfolio, including DAF coordination and appreciated securities.
Your Assets, Safety & Expectations
Where is my money actually held? How do I know it's safe?
Your assets are held in custodial brokerage accounts in your own name at Interactive Brokers (IBKR), a publicly traded, FINRA/SIPC member firm with over $14 billion in equity capital. Alamut Capital does not custody client assets — we have no ability to move your money outside of managing your portfolio. You retain full visibility and login access to your IBKR account at all times. SIPC covers up to $500,000 per account, and IBKR carries additional excess coverage. You can verify our registration at adviserinfo.sec.gov (CRD# 335611).
Can I access my money? What if I want to withdraw?
Yes — your account is a standard brokerage account, fully liquid. You can request a withdrawal at any time. We'll manage the tax implications of liquidating positions thoughtfully, but there are no lock-up periods, no redemption fees, and no penalties for withdrawing. If you decide to leave entirely, we'll return discretionary authority to you and assist with transitioning the account. Our goal is to earn your continued trust, not to trap you.
What happens during a major market downturn? How do you protect capital?
This is exactly what our regime-aware model is designed for. When macro conditions deteriorate — rising credit spreads, weakening breadth, policy tightening signals — the portfolio reduces equity exposure and moves toward defensive positioning, including inverse hedges and safe-haven assets where the strategy allows. We don't predict crashes; we respond to evidence. During the 2020 COVID drawdown, our models signaled risk reduction early and redeployment on recovery signals. No strategy eliminates loss entirely, but avoiding the worst of a drawdown often matters more for long-term compounding than any single year of outperformance.
What should I realistically expect in terms of returns?
We don't make return promises — and you should be skeptical of any advisor who does. What we can describe: our strategies are benchmarked against appropriate market indices (e.g., 60/40 portfolios, S&P 500), and our goal is to outperform those benchmarks on a risk-adjusted basis over a full market cycle, with meaningfully lower drawdowns. The contractual underperformance fee deduction reflects our conviction in that goal. Detailed strategy analytics — target volatility, historical drawdown ranges, and benchmark comparisons — are available during the discovery conversation.
What happens during the strategy conversation?
A genuine conversation — not a sales pitch. We discuss your current investment structure, equity compensation if applicable, financial goals and timeline, risk concerns, and whether our approach fits your situation. We'll be direct about whether we're a good fit — and if we're not, we'll tell you honestly. There is no obligation or commitment required. Most clients come away with clarity on their situation regardless of whether they engage us.
Get Started

See If Our Approach
Fits Your Financial Complexity

A 30-minute strategy conversation — not a sales pitch. We'll explore your current investment structure, equity compensation, concentration challenges, and whether a systematic, institutional-quality approach is right for your household. No obligation. Honest assessment.

SEC-Registered RIA
Fiduciary Standard
No Commissions
IBKR Custody
Virtual · Nationwide
Contact Us

Get in Touch

Office Address

Alamut Capital Advisors Inc.
401 Bay Street, Suite 1600
Toronto, ON, Canada M5H 2Y4

Schedule a Conversation

The fastest way to get started is a 30-minute strategy conversation — no obligation, no sales pitch.

Book Online →