Interactive Advisors · investment strategy
by Interactive Advisors
The Portfolio Manager believes that investors are more likely to outperform over the long run if they hold stocks that are undervalued. The investment strategy is to identify stocks that have an intrinsic value greater than the current market price. While the portfolio usually has a value tilt, growth stocks are included if they are determined to be undervalued. A wide range of market capitalizations are included. This is a concentrated investment strategy with approximately 10 to 20 individual stocks at any one time. ETFs are sometimes used in order to add exposure to certain industries and sectors.
Description from Interactive Advisors
of the return and risk figures:as the source publishes them
What $10,000 would have become, from the strategy's own published history, against the S&P 500 over the same dates. The basis is labelled.
Each rule is quoted word for word from the strategy's own documents.
“he may choose to keep a stock in the portfolio even if his analysis determines that it is no longer undervalued”
“The portfolio is concentrated, holding approximately 10-20 stocks at any time.”
“The investment strategy is to identify stocks that have an intrinsic value greater than the current market price.”
“The portfolio may be rebalanced periodically.”
“Equity securities (exchange-listed, certain OTC, ADRs) and ETFs”
“A wide range of market capitalizations are included.”
No published holdings for this strategy.
Fitted to 252 returns (live) from 2025-10-30 to 2026-10-16. An estimate, not holdings: it can't name stocks.
· : 0.39 · Too loose a fit for a verdict; shown as a guide.
Beta to the S&P 500: 0.60 (90%: 0.40 to 0.81)
Compares the stated rules with the holdings (or, where none are published, a mix estimated from returns), using tests fixed before any results were seen.
No holdings on file, so nothing to test.
Strategies that share its Fundamental research label, from other sources first, strongest risk-adjusted return first.
Composer Technologies · Composer
How much of what we look for this strategy has, and why anything is missing. Fields that don't apply to it aren't counted.
4 missing
The text the rules are quoted from, with where it came from.
0.25%-0.75% annual; IA retains 0.25%, remainder paid to the Portfolio Manager; fee negotiated between IA and the manager
Equity securities (exchange-listed, certain OTC, ADRs) and ETFs; Portfolio Managers cannot use leverage/margin
To be selected, managers are screened (e.g. AUM, own money in the strategy), fill in a questionnaire on portfolio construction, risk control and strategy guidelines, share historical trade data, and pass a live test period during which clients cannot invest. Managers license their trade data and have no discretion over client accounts. IA receives no compensation from managers and does not pay them for referrals.
Risk score 1-5 assigned by IA; reevaluated at least annually
Not available (TLH only for the Asset Allocation Portfolio)
The Portfolio Manager believes that investors are more likely to outperform over the long run if they hold stocks that are undervalued. The investment strategy is to identify stocks that have an intrinsic value greater than the current market price. While the portfolio usually has a value tilt, growth stocks are included if they are determined to be undervalued. A wide range of market capitalizations are included. This is a concentrated investment strategy with approximately 10 to 20 individual stocks at any one time. ETFs are sometimes used in order to add exposure to certain industries and sectors.
Greenwich Wealth Management, LLC, founded in 2006, is an SEC-registered investment adviser with more than $1.3 billion under management in separately managed accounts. The portfolio manager, Vahan Janjigian, holds a PhD in Finance and the CFA designation. He serves as Chief Investment Officer at Greenwich Wealth Management. He was previously a finance professor at a number of universities and Chief Investment Strategist at Forbes Media. He continues to teach a course in equity analysis in New York City and Singapore through Baruch College. Vahan Janjigian joined Greenwich Wealth Management in 2010. Get invested STEP 1 Fill out the application It's easy and only takes a few minutes. STEP 2 Explore our portfolios Or choose one based on your preferences STEP 3 Make your 1 st investment Our technology ensures it is suited for you Sign up today! Disclosures Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings. This portfolio was launched on Interactive Advisors on May 19, 2017, when clients were able to start investing in it. All performance information on this page is actual performance of the Portfolio Manager’s account and presented “net of fees”. The actual performance chart is provided for informational purposes only, and should not be used as the basis for making an investment decision. Actual client returns will differ . All Portfolio Manager information including personal data, profiles, and strategies has been provided by the Portfolio Manager. Interactive Advisors makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Interactive Advisors. All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Performance of the Portfolio Manager's account is calculated by Interactive Advisors on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions (when commissions were charged). Manager returns include trades and positions that fail Interactive Advisors' trading rules, as a result, actual client returns will differ. Interactive Advisors’ advisory fees are simulated and applied retroactively to present the portfolio return “net-of-fees”. In addition to Interactive Advisors’ management fees, clients will also be charged management fees and other expenses (custodian fees, brokerage commissions, and legal and accounting fees) by ETF issuers if the portfolio contains ETFs.
Aggressive capital growth with significantly higher risk than broad equity market. Investing in equities and concentrated portfolios and prepared to take substantial risk to achieve investment goals.
The portfolio is concentrated, holding approximately 10-20 stocks at any time. The portfolio may be rebalanced periodically.
The Portfolio Manager uses various filtering techniques that take into consideration a number of factors including his macroeconomic views. He then applies his conservative discounted cash flow model to identify stocks that are undervalued. He conducts further research on the remaining stocks by reading through press releases and documents filed with the SEC.
The Portfolio Manager recognizes that sometimes momentum can drive stock prices higher. As a result, he may choose to keep a stock in the portfolio even if his analysis determines that it is no longer undervalued.
The Portfolio Manager uses various initial screens then applies a conservative discounted cash flow analysis on the remaining companies to find stocks that are undervalued. Further fundamental research is done by reviewing each company’s press releases and SEC filings. The valuation model is refined as new information comes out that might affect the stock’s intrinsic value.
The Portfolio Manager periodically revalues all positions using a conservative discounted cash flow model. He adjusts variables in the model based on new information regarding the company’s prospects. Stocks are sold when the Portfolio Manager determines they are no longer undervalued based on this model.
Every value on file, each labelled with its calculation basis and as-of date.
| Composition (ETFs / Stocks / Mixed) | MIXED | 2026-10-09 | |
| ESG / responsible flag | No | 2026-10-09 | |
| Smart beta flag | No | 2026-10-09 | |
| Theme keywords (Interactive Advisors) | Concentrated, Conservative, Macroeconomic view | 2026-10-09 |
| Rebalancing (methodology text) | Mirrors manager trades via co-trading; IA may make adjustment trades |
| Management / advisory fee | 0.75% | 2026-10-09 | |
| Minimum investment | $20k | 2026-10-09 |
| Metrics calculated through | 2026-10-09 | 2026-10-09 |
| Program in the firm's Form ADV brochure | url: https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1024287 · name: Interactive Advisors Third-Party Manager Co-Trading · covers: 20 · source_key: interactive_advisors|0 · original_name: Manager Portfolios |
| Benchmark (methodology text) | Assigned by IA per portfolio (investable ETF; often S&P 500 ETF); shown optionally |
| Annualized return since inception (Lighthorse, daily, live) | 6.26% | 2026-10-16 | |
| Calendar-year returns (live account) | 2018: -11.8% · 2019: 33.1% · 2020: 6.8% · 2021: 34.1% · 2022: -10.7% · 2023: 6.0% · 2024: -5.1% · 2025: 5.4% | 2026-10-09 | |
| Return since inception (annualized) (live account) | 6.10% | 2026-10-09 | |
| Return since inception (cumulative) (live account) | 74.50% | 2026-10-09 | |
| Return vs the source's benchmark, last 365 days (Lighthorse, daily, live) | -24.71% | 2026-10-16 | |
| Return, last 30 days (live account) | -6.80% | 2026-10-09 | |
| Return, last 365 days (Lighthorse, daily, live) | -9.18% | 2026-10-16 | |
| Return, last 365 days (live account) | -15.50% | 2026-10-09 | |
| Return, last 5 years (cumulative) (live account) | -15.10% | 2026-10-09 | |
| Return, last 90 days (live account) | -5.30% | 2026-10-09 | |
| Return, year to date (live account) | -8.80% | 2026-10-09 |
| Beta vs the source's benchmark, last 365 days (Lighthorse, daily, live) | 0.61 | 2026-10-16 | |
| Maximum drawdown since inception (Lighthorse, daily, live) | -52.11% | 2026-10-16 | |
| Maximum drawdown, last 365 days (Lighthorse, daily, live) | -14.26% | 2026-10-16 | |
| Maximum drawdown, last 365 days (live account) | -14.50% | 2026-10-09 | |
| Sharpe ratio since inception (Lighthorse, daily, live) | 0.26 | 2026-10-16 | |
| Sharpe ratio, last 365 days (Lighthorse, daily, live) | -0.62 | 2026-10-16 | |
| Sharpe ratio, last 365 days (live account) | -0.98 | 2026-10-09 | |
| Sortino ratio, last 365 days (Lighthorse, daily, live) | -0.85 | 2026-10-16 | |
| Sortino ratio, last 365 days (live account) | -1.36 | 2026-10-09 | |
| Value-at-risk 95% 1-week, last 365 days (live account) | -4.50% | 2026-10-09 | |
| Volatility since inception (Lighthorse, daily, live) | 25.37% | 2026-10-16 | |
| Volatility, last 365 days (Lighthorse, daily, live) | 18.20% | 2026-10-16 | |
| Volatility, last 365 days (live account) | 19.20% | 2026-10-09 |
| Risk label (Interactive Advisors) | Aggressive | 2026-10-09 | |
| Risk score 1-5 (Interactive Advisors) | 4 | 2026-10-09 | |
| Risk score description | Aggressive capital growth with significantly higher risk than broad equity market. Investing in equities and concentrated portfolios and prepared to take substantial risk to achieve investment goals. | 2026-10-09 |
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Quantbase · Surmount
