Joseph M. Presti Investments is an independent registered investment advisor based in San Francisco, California, operated solely by Joseph M. Presti. The firm focuses on managing investment portfolios for individuals, high-net-worth clients, institutions, and trusts. The investment strategy centers on value investing and long-term ownership of high-quality equity securities, striving for risk-averse, absolute returns over a three-to-seven-year horizon. Rather than relying on macroeconomic forecasts or technical charting, Joseph M. Presti Investments utilizes rigorous fundamental analysis and proprietary quantitative screens to evaluate companies. Portfolios may include common stocks, exchange-traded funds, mutual funds, real estate investment trusts, and fixed-income securities. The firm accommodates both discretionary and non-discretionary account management, meaning clients can choose whether Joseph M. Presti makes trades on their behalf automatically or seeks approval first. In addition to managing equities, the firm can handle dedicated fixed-income portfolios and uninvested cash reserves.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.5M | 1.00% |
| $1.5M - $3.0M | 0.75% |
| $3M+ | 0.75% |
Rates shown apply to equities, exchange-traded funds, real estate investment trusts, mutual funds, and index funds. Dedicated fixed-income portfolios are charged 0.125% for corporate, municipal, and agency bonds, and 0.02% for U.S. Treasury bonds. Cash holdings incur no fee. Fees for equity assets over $3,000,000 are negotiable. An administrative fee of up to 0.15% is reserved but currently waived.