Independant Investment Management | Boulder, Colorado
Investment Management in Boulder, Colorado
Independent portfolio management for individuals, families, foundations, businesses, and other institutions in Colorado and nationwide.
Consilium, LLC combines disciplined asset allocation, cost-conscious public market exposure, independent manager research, and selective private market access to build portfolios around each client’s objectives, liquidity needs, tax considerations, time horizon, and tolerance for risk.
Advising clients since 1993 | Public and private market experience
30+ Years Experience
David Halseth has advised clients since 1993.
$3B Prior Leadership Experience
David previously led an institutional consulting and asset management firm overseeing $3B+ in client assets
Independant Perspective
Advice and portfolio decisions centered on the client's objectives and agreed investment mandate.
Boulder-Based, Broader Reach
A local relationship supported by experience across public and private markets.
WHO WE SERVE
Portfolio Management Built Around the Client
Asset management should begin with the purpose of the money, not with a product or a model portfolio. Consilium works to understand what each portfolio needs to accomplish, when capital may be required, how much volatility the client can reasonably tolerate, and how the portfolio fits within the client’s broader financial picture.
Consilium's asset management services may be appropriate for:
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Individuals and families seeking professional oversight of long-term investment assets.
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Business owners and executives who want coordinated portfolio strategy and direct access to an experienced advisor.
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Foundations, nonprofits, trusts, and other entities with defined spending, liquidity, or governance needs.
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Investors who want public market liquidity alongside selective private market exposure when appropriate.
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Clients who value disciplined decision-making, clear communication, and an investment process designed around their actual objectives.
A Complete Portfolio Relationship
What Consilium's Asset Management Service Includes
Strategy, implementation, monitoring, and communication. Organized around the purpose of the portfolio.
Discovery, Objectives & Investement Policy
We begin by understanding the purpose of the portfolio, expected withdrawals or spending needs, investment horizon, tax considerations, risk capacity, and long-term objectives. Those inputs provide the foundation for the investment strategy.
Portfolio Construction & Asset Allocation
Consilium develops an allocation designed to balance growth, income, liquidity, diversification, and risk. Portfolios may include equities, fixed income, enhanced cash, liquid alternatives, hedge funds and other private investments when and where appropriate.
Investment & Manager Selection
We evaluate investment vehicles and managers based on their role in the portfolio, process, people, costs, liquidity, risk, implementation, and fit with the client’s objectives. In less efficient or more specialized markets, manager selection and due diligence become especially important.
Implementation & Account Coordination
Consilium coordinates implementation within the agreed advisory relationship and works with the client’s independent custodian, legal, tax, trustees, and other professionals as needed.
Ongoing Monitoring & Rebalancing
Portfolios are monitored as markets, managers, valuations, liquidity needs, tax circumstances, and client objectives evolve. Rebalancing and strategy adjustments are made when they are warranted, not simply because headlines change.
Reporting & Direct Communication
Clients receive organized portfolio reporting, account portal, and direct access to the professionals responsible for their investment strategy. The goal is to make complex decisions understandable and keep the portfolio aligned with its purpose.
Investment Philosophy
An Institutional Approach, Applied Personally
Consilium's investment philosophy beings with the view that asset allocation is a major driver of long-term portfolio behavior.
In broadly efficient public markets, we generally emphasize diversification, cost awareness, and disciplined exposure across asset classes and sub-asset classes. More specialized strategies may be used where the opportunity, evidence, and portfolio role justify greater complexity or active management.
Private markets may introduce additional sources of growth, income, and diversification, but they also introduce illiquidity, manager risk, valuation complexity, and longer holding periods. They are considered selectively and only when they fit the client’s eligibility, liquidity, objectives, and total portfolio.
Liquid Core
Diversified public market exposure intended to provide liquidity, transparency, and broad participation in global capital markets.
Selective Satellites
Specialized, active, or tactical strategies used when they serve a clear portfolio purpose.
Private & Alternative Opportunities
Private equity, credit, real estate, infrastructure, hedge funds, or other strategies considered for eligible investors when their potential benefits justify their risks and constraints.
Frequently Asked Questions
Asset Management FAQs
Clear Answers to the questions a prospective client is most likely to ask before a relationship.
What is asset management?
Asset management is the ongoing process of developing, implementing, monitoring, and adjusting an investment portfolio based on a client’s objectives, time horizon, liquidity needs, tax considerations, and tolerance for risk.
How is asset management different from financial planning?
Asset management focuses primarily on the investment portfolio. Financial planning may also include cash flow, insurance, estate, tax, retirement, and other planning topics. Consilium’s role and scope are defined by the client agreement and the services selected.
Can Consilium coordinate public and private investments?
Yes. Consilium can evaluate how liquid public market investments and private market opportunities may work together within the total portfolio for eligible clients. Private investments are not appropriate for every investor and involve additional risks, including illiquidity and complexity.
Does Consilium work only with clients in Colorado?
Consilium is based in Boulder, Colorado and serves clients locally and in other states where the firm is appropriately registered or exempt from registration.
Who does Consilium serve?
Consilium serves individuals, families, foundations, businesses, institutions, and other clients whose needs fit the firm’s services and relationship requirements.
Where are client assets held?
Client assets are held with an approved independent custodian rather than directly by Consilium. Most often, Charles Schwab Adviser Services is the custodian of choice for clientele.
What is the minimum account size?
Unlike most advisors, Consilium does not have a minimum account size. Our fees are based on the overall scope of the client relationship.
How are asset management fees calculated?
Fees are calculated either on a project basis, annual retainer or percentage of assets under management.
A Long-Term Investment Rleationship
Build a Portfolio Around What Matters to You
Consilium helps individuals, families, foundations, businesses, and other institutions make thoughtful investment decisions across public and private markets. Begin with a conversation about your objectives, current portfolio, and the role professional investment management could play.