Wealth, held in balance.
Tulan Capital manages the wealth of a limited number of families and individuals. We bring their investments, taxes and estate plan together, with a level of expertise usually accessible only to the very wealthiest. Strategies typically available only through outside funds are designed and run in-house.
Independent and fee-only
Our only compensation is the fee our clients pay. No commissions and no payments from funds, managers or product providers.
A limited number of families
We keep the number of clients small by design. Each works directly with the founder.
Analysis at the highest level
Deep knowledge of investments, risk and tax, applied with seasoned judgment to your circumstances.
Strategies run in-house
Our systematic, tax-aware and financing strategies are designed and managed in-house rather than outsourced.
Integrated planning across investments, tax and estate
Often, these decisions sit with different advisers who each see part of the picture. At Tulan, one relationship covers the portfolio and the planning around it, so each decision is made with the others in view.
Tulan does not provide legal services or prepare tax returns. Legal documents are drafted by your attorneys, and returns are prepared by your accountant, with whom we coordinate.
The name Tulan comes from the Sanskrit word for balance.
It describes how we work: balancing return with risk, growth with preservation, and the needs of this generation with those of the next.
A strategic core, with specialized strategies run in-house
The core of a Tulan portfolio is typically a long-term strategic asset allocation, set to your objectives and tolerance for risk. Where appropriate, we add specialized strategies that other advisers usually outsource. We design and run them ourselves.
Strategic asset allocation
- Public equities, fixed income, cash and liquid alternatives
- Implemented primarily through exchange-traded and mutual funds
- Level of risk and return set in your investment policy statement
One fee
Our in-house strategies are covered by the same fee as the rest of your portfolio, with no second manager to pay and no performance fee.
Known from the inside
The person who recommends a strategy is the person who built it, and knows its risks and whether it suits you.
Set up for you
Each strategy is tailored to your portfolio: the level of risk you choose, your tax position and the holdings you already have.
These strategies may use leverage, derivatives and short selling, which magnify both gains and losses, and they can lose money. Systematic strategies rely on models built on historical relationships that may not persist. Tax outcomes depend on your circumstances and on tax law, which can change. Brokerage and other third-party costs, including the fees of any outside managers or funds, are paid separately.
Rohit ChaudharyCFA, FRM, EA
Founder & Chief Investment Officer
Rohit has spent his career on the institutional side of investing: measuring risk, evaluating alternative investment managers and building the analytics behind investment decisions. Tulan exists to bring that same standard of work to a select few.
New York · 8+ years
MIO Partners is McKinsey & Company’s investment office, managing the wealth of the firm’s active and retired partners. Rohit was Head of Manager Selection and Investments Analytics and, before that, Head of Market Risk. He led the framework and analytics behind the selection of alternative investment funds, and managed risk across the entire $20 billion portfolio.
New York · 5 years
As a management consultant, and later an engagement manager leading project teams, Rohit advised some of the largest U.S. banks on overhauling their “living wills.” He also worked with global banks on stress testing and capital planning.
Rohit began his career as a software engineer. That training shapes how Tulan’s systematic strategies are designed, tested and monitored.
Chartered Financial Analyst (CFA), since 2017Financial Risk Manager (FRM), since 2014Enrolled Agent (EA), the highest credential the IRS awardsPost-Graduate Diploma in Management (MBA equivalent), Indian Institute of Management AhmedabadBachelor of Engineering in Computer Engineering
Working with us
Who we work with
High net worth individuals and families. Often senior executives with deferred compensation and stock options, founders before or after a sale, and families with large, low-basis holdings or wealth to pass to the next generation.
In your name
Your assets stay in accounts in your own name at independent custodians, typically Charles Schwab or Interactive Brokers.
How we begin
An introductory conversation, then a review of your portfolio, taxes and estate plan before we propose anything.
Notes on how we think
PDF, 6 pagesConcentrated positions: reducing risk without a large tax bill
Twelve ways to reduce the risk of a large, low-basis stock position while deferring, reducing or avoiding part of the tax, and how they can be combined.
Read the note
PDF, 4 pagesKeeping market exposure while adding other sources of return
How a portfolio can keep its market exposure while committing less of its capital to it, leaving room for other sources of return, and the disciplines this requires.
Read the note
PDF, 3 pagesBox spreads: borrowing at close to Treasury rates
How an options position can work as a loan priced close to Treasury yields, how it compares with margin and securities-based credit, and when it makes sense.
Read the note
PDF, 4 pagesAsset location: same portfolio, more wealth after tax
How placing each asset in a taxable, tax-deferred or Roth account can add to after-tax wealth without changing the portfolio itself.
Read the note
PDF, 3 pagesDividends and taxes: why income can cost taxable investors
Why a dollar received as a dividend is usually worth less after tax than a dollar of share price growth, and what that means for income-focused portfolios.
Read the noteThese notes are for general information only and are not investment, tax or legal advice. Examples are illustrative and do not represent the results of any client account.
Start with a conversation
Every relationship begins with an introductory conversation about your needs.
- [email protected]
- Office
- 100 Elk Run Dr, Ste 200, Basalt, Colorado 81621