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WEALTH MANAGEMENT | FINANCIAL PLANNING
Portfolio and Risk Analysis
Before you can decide whether to keep, change, or replace your investments, you need to know exactly what you own and what risks you are taking.
For many high-net-worth families, clarity is harder to get than it should be. Accounts are held at multiple institutions, portfolios have been built over years with different advisors, and statements often show balances and positions—but not a clear picture of risk, diversification, performance, or fees.
Heirloom’s Portfolio & Risk Analysis service is designed to change that.
The Problem
Straightforward Answers To The Most Important Questions
Heirloom offers a deep x-ray of your current investments, how they work (or don’t work) together, and how much risk you are actually taking relative to the life you want to live.
Even sophisticated investors often struggle to answer straightforward questions about their portfolios:
“How much risk am I really taking?”
“Am I as diversified as my statements suggest?”
“Where are my true concentrations?”
“What am I actually paying in total fees?”
“Is this portfolio necessary for my goals, or am I taking more risk than I need?”
Common issues Heirloom sees when reviewing incoming portfolios include:
Unintended concentration – Large positions in a single company, sector, factor, or strategy (often tied to employer stock or legacy holdings).
Hidden overlap – Multiple funds or strategies owning the same underlying securities, giving the appearance of diversification without actually spreading risk.
Drift from original intent – Portfolios that no longer match the investor’s current goals, time horizons, or spending needs.
Layered costs – Advisory fees plus internal fund expenses, trading costs, and other charges that may not be clearly disclosed in one place.
Fragmented oversight – Different parts of the portfolio managed by different advisors or institutions, without a single, coordinated risk framework.
If you are already working with a wealth manager, you may sense that something isn’t fully aligned—but it can be difficult to pinpoint why. Portfolio & Risk Analysis is meant to provide that clarity, in plain language and with a fiduciary lens.
Heirloom’s Approach to Portfolio
& Risk Analysis
Clients Should Know Exactly Where Their Money Is And Why
Our Approach
1. Comprehensive Data Gathering
The process begins with a complete view of your current holdings across institutions. Heirloom collects and organizes:
Recent account statements and custodial reports
Lists of holdings, quantities, and cost basis where available
Information on any private or illiquid investments
Details around employer stock, options, or other equity compensation
Your current advisory fee arrangements and known fund expenses
In parallel, the team revisits key planning questions:
Your goals and timelines (retirement, business transitions, major purchases, legacy)
Expected cash flows in and out of the portfolio
Your comfort with market volatility and past experiences as an investor
The aim is to evaluate your portfolio not in a vacuum, but in the context of the life it is meant to support.
Our Approach
2. Risk and Allocation “X-Ray”
With data in hand, Heirloom performs a detailed analysis of how your portfolio is actually constructed. This typically includes:
Asset allocation mapping – How your investments are spread across major asset classes, geographies, and sectors.
Volatility and risk characteristics – How the portfolio has behaved historically and how it is likely to respond to different market environments.
Concentration analysis – Identification of outsized positions by security, sector, or theme, including any employer or legacy holdings.
Correlation and overlap – Where funds or managers hold similar securities, effectively doubling up on the same risk exposures.
Fee review – A look at advisory fees, internal fund costs, and other ongoing charges that impact net results.
The result is a clear picture of your current risk profile, expressed in a way that ties back to your long-term goals and comfort level, not just an abstract risk score.
Our Approach
3. Scenario Testing Against Your Plan
Portfolio risk on its own is only part of the story. Heirloom’s analysis connects your current portfolio to your broader plan by asking:
How would your current portfolio likely behave in a prolonged downturn?
How sensitive is your plan to market shocks, changes in interest rates, or reduced returns?
Does the current level of risk appear necessary to pursue your stated objectives, or are you potentially taking more risk than required?
How would different levels of risk and diversification affect the probability of meeting your long-term goals?
This scenario work does not predict the future. Instead, it illustrates the range of possible outcomes your current strategy may lead to, so that you can make informed choices about whether to maintain or adjust course.
Our Approach
4. Recommendations and Strategy Design
Once the analysis is complete, Heirloom presents the findings in a structured conversation that focuses on clarity, not jargon. You can expect:
A summary of where your portfolio is strong and where there are concerns
Identification of key risks (concentration, overlap, liquidity, or otherwise)
An explanation of how your current risk level compares to what your goals may require
A discussion of cost structure and any areas where expenses may be higher than expected
If changes are warranted, Heirloom outlines potential paths forward, which may include:
Adjusting the overall risk level of the portfolio
Reducing concentrations over time, with attention to taxes
Simplifying and consolidating overlapping holdings
Introducing a more disciplined asset allocation framework
Coordinating investment changes with tax and estate planning strategies
The pace and scope of any transition are tailored to your situation, your tax picture, and your preferences.
Our Approach
5. Optional Implementation and Ongoing Monitoring
Some investors engage Heirloom solely for a one-time or periodic second-opinion analysis. Others decide to hire the firm to implement and manage a new or refined investment strategy going forward.
If you choose to move into an ongoing relationship:
The findings from the Portfolio & Risk Analysis serve as the foundation for your investment policy.
Heirloom designs and implements a new portfolio consistent with your plan and risk tolerance.
The firm then monitors, rebalances, and coordinates the portfolio with your tax and estate planning over time.
In either case, you leave the process with a deeper understanding of where you stand and what options you have.
Outcomes / Results
Heirloom does not present Portfolio & Risk Analysis as a promise of higher returns. Markets are uncertain, and no analysis can eliminate risk. Instead, the focus is on giving you a higher-quality foundation for making decisions.
Clients who go through this process typically experience:
Greater Clarity
A clear, consolidated view of all their holdings
An understanding of true risk levels, concentrations, and correlations
Insight into how their portfolio is positioned relative to their goals
Better-Informed Decisions
The ability to evaluate whether current risk is appropriate, excessive, or insufficient
Awareness of where changes could improve
diversification or simplify structure
A framework for weighing trade-offs between risk, return, taxes, and liquidity
Reduced Complexity
Fewer “mystery” positions whose purpose is unclear
A more straightforward explanation of how each part of the portfolio contributes to the whole
Less reliance on gut instinct or market commentary to drive decisions
Stronger Alignment With Your Life
Most importantly, your portfolio becomes easier to evaluate in the terms that matter most: not just “did it beat a benchmark this year?” but “is this strategy aligned with the life I want to lead and the risks I’m willing to take to support it?”
Is Heirloom's Portfolio & Risk Analysis for you?
This service is especially valuable for:
High-net-worth investors with legacy portfolios
that have grown complex over many years and advisors.
Executives and professionals
with significant employer stock, options, or restricted equity awards.
Business owners and entrepreneurs
who have reinvested heavily in their own companies and want to understand how their personal investments fit into the overall risk picture.
Families considering a change of advisor
who want an independent, fiduciary view of their current portfolio before making a decision.
First-time serious investors
who feel that insurance and real-world risks are not being addressed with the same rigor as investments.
If you recognize yourself in any of these descriptions, a structured look at your current portfolio and risk may provide the clarity and confidence you have been missing.
FAQs
Q: What do most people misunderstand about the risk in their current portfolio?
Many investors are taking far more risk than they realize, even when they believe they are conservative. A common issue is a mismatch between how someone feels about risk and how their portfolio is actually positioned. Another frequent misunderstanding is duplicate risk—owning multiple funds or ETFs that hold the same underlying securities, creating the illusion of diversification without actually reducing risk.
Q: How does Heirloom measure and evaluate portfolio risk?
Heirloom uses a risk scoring framework that resembles a speedometer, ranging from 1 (cash-like risk) to 100 (very aggressive risk). This score is compared against both the client’s financial plan and their personal comfort level with volatility. Portfolio and risk analysis focuses on ensuring these elements are aligned so that clients understand how their investments may behave in different market environments.
Q: Why isn’t owning many ETFs or funds always true diversification?
Owning several ETFs does not automatically reduce risk if those ETFs hold many of the same underlying stocks. Beyond a certain point, adding more overlapping holdings simply results in exposure to the overall market rather than meaningful diversification. Portfolio and risk analysis helps identify where risk is being unintentionally concentrated and where diversification may be overstated.
Q: What happens when portfolio risk doesn’t match a client’s comfort level?
When portfolios are riskier than clients expect, market downturns often lead to emotional decisions—such as panic selling, market timing, or abandoning a long-term strategy. These reactions can be more damaging than market volatility itself. Heirloom’s approach emphasizes education and alignment so clients can stay committed to a strategy they understand and can realistically stick with over time.
Q: How does portfolio and risk analysis fit into Heirloom’s broader investment management approach?
Portfolio and risk analysis is not done in isolation. It is integrated with financial planning, cash flow needs, tax considerations, and long-term goals. The objective is not to eliminate risk, but to take the right type and amount of risk intentionally, based on the client’s plan—so investment decisions support clarity, confidence, and long-term discipline.
If you are not fully confident in how your portfolio is constructed -or you simply want a clear, objective second opinion -Heirloom can help you see your current situation in a new light.
Schedule A Strategy Session with Our Team
This initial conversation is designed to understand your goals, current situation, and priorities. You’ll have the opportunity to ask questions, explore how Heirloom’s integrated approach works, and determine whether a longer-term relationship makes sense—without pressure or obligation.
Our Services
A coordinated approach to managing investments, planning, and cash flow, designed to bring clarity and confidence to your financial life today and over time.
Tax strategies integrated with your broader wealth plan, helping inform decisions, improve efficiency, and support long-term outcomes through coordinated planning.
Contact
6400 S Fiddlers Green Circle
Suite 1970
Greenwood Village, CO 80111
3200 Cherry Creek S Dr.
Suite 130
Denver, CO 80209
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The information provided on this website is for general informational purposes only and is believed to be from reliable sources; however, its accuracy or completeness is not guaranteed. This material is not intended to provide tax, legal, or investment advice. Individuals should consult with qualified tax or legal professionals regarding their specific circumstances. Nothing contained herein should be construed as a solicitation or offer to buy or sell any security.
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Investment advisory services are offered through Heirloom Wealth Management LLC, a Registered Investment Adviser.