--> Portfolio Health Check · €150 — A.L. Capital Advisory
AL
A.L. Capital Advisory
Request Health Check · €150
Portfolio Diagnostic · €150 · 48-Hour Delivery · Charterholder-Verified

Most portfolios
look diversified.
Most are not.

Submit your holdings. Receive a written institutional diagnostic — pairwise correlation matrix, concentration risk score, factor attribution, marginal risk contribution, and one high-leverage action. Reviewed and written personally by Anton Ladnyi, CFA.

€150 one-time · no ongoing fees
Delivered within 48 hours
Credited toward the Strategic Session if you proceed — you pay €600, not €750
Request Health Check Download sample report
Background Goldman Sachs
  J.P. Morgan
Qualification CFA Charterholder
Location Berlin, Germany
Portfolio Diagnostic — Sample Output Anonymised · Illustrative
62/100
Health Score
Concentration
HIGH
HHI: 0.31 (limit 0.12)
Avg Correlation
0.84
Target ≤ 0.35
Cost Drag
€2,340
Per year · avoidable
Pairwise Correlation Matrix
NVDA
MSFT
AAPL
QQQ
TLT
NVDA
MSFT
AAPL
QQQ
TLT
▲ 4 of 5 positions correlated above 0.78 — single-factor exposure masking as diversification
Action ◎ Replace 15% QQQ with MSCI World ex-US ETF (TER 0.12%). Reduces avg correlation from 0.84 → 0.58. Saves €420/yr in TER.
The problem

Three things your current
advisor is not telling you.

Every advisor has a model portfolio. Yours was not built for your tax position, your liquidity, or your actual risk capacity. It was built for a segment.

01
You are diversified
in name only.

Holding NVDA, MSFT, AAPL, and QQQ is not four positions — it is one bet, repeated four times. When the growth factor reverses, all four move together. The correlation matrix reveals this. The position list does not.

Typical finding
Average pairwise correlation 0.82 — 5 holdings, 1.8 effective independent positions
02
Your advisor sells
products, not strategy.

Bank wealth management is a distribution channel with an investment wrapper. Compensation is tied to product placement, not your outcome. The portfolio you received is designed for a segment — not your specific situation.

Annual cost drag — €300K portfolio
Model portfolios, embedded commissions, and misaligned incentives: typically €3,200–€6,400/year in silent wealth erosion
03
Every drawdown is
a new decision.

Without a written mandate, every market stress becomes a question you answer from scratch under pressure. Institutional investors never face this — the decision was written before markets opened. That discipline has a measurable return premium.

DALBAR behavioural gap
Average equity investor trails the index by 1.7%/yr from emotional timing. Compounded over 20 years, that is catastrophic.
What you receive

Five deliverables.
One decision-quality document.

Every Health Check is reviewed and written by Anton personally. No automated outputs, no templates. Each report is specific to your holdings, your risk profile, and your portfolio size — delivered as a structured PDF within 48 hours of payment confirmation.

01
Pairwise Correlation Matrix
Full correlation analysis across all submitted positions — identifies diversification failure that is invisible to the naked eye. Maps every position against every other, revealing which holdings are genuinely independent and which are concentrated factor bets in disguise. Computed using Pearson coefficient over trailing 3-year weekly returns.
Sample finding NVDA ↔ QQQ: 0.91 · NVDA ↔ MSFT: 0.87 · AAPL ↔ QQQ: 0.84
Effective diversification: 2.3 independent positions out of 6 submitted
02
Concentration Risk Score (HHI)
Herfindahl-Hirschman Index applied to portfolio weight distribution — the same methodology used in institutional risk monitoring. Quantifies your true concentration exposure and benchmarks it against institutional norms for a portfolio of equivalent size. Distinguishes between weight concentration and variance contribution concentration.
Sample finding Portfolio HHI: 0.31 (HIGH) vs. institutional benchmark 0.08–0.12
Top single position: 34% of total portfolio variance contribution
03
Sector & Factor Attribution
Where your actual risk lives — mapped to sectors, factors, and geographies — versus where you think it lives. Most portfolios reveal a significant gap between perceived and real exposure. ETF look-throughs frequently reveal technology and growth concentration far in excess of the stated allocation.
Sample finding Stated tech allocation: 40% · Actual factor exposure via ETF look-throughs: 71% growth, 68% momentum, 52% technology
Geographic concentration: 94% US despite stated "global" allocation
04
Marginal Risk Contribution Analysis
Which single position carries the most disproportionate risk relative to its weight — and by how much. The marginal risk contribution calculation identifies where to rebalance first for maximum risk reduction with minimum disruption to your strategy.
Sample finding NVDA carries 34% of portfolio variance despite 22% weight — highest marginal contributor. Reducing to 15% cuts portfolio volatility by 11% with a single trade
05
One Highest-Leverage Action
A single, concrete rebalancing recommendation — the change with the highest ratio of risk reduction to implementation effort. Specific, quantified, and immediately actionable. Not a list of suggestions: one decision that materially improves the portfolio's mathematical structure and is executable within a single trading session.
Sample finding Replace 15% QQQ with MSCI World ex-US ETF (0.12% TER)
Effect: avg correlation 0.84 → 0.61 · effective diversification 2.3 → 3.8 positions · saves €420/yr TER
Download sample report (PDF · 4–6 pp)
Secure Stripe checkout · Report delivered within 48 hours
How it works

Three steps.
No complexity.

01
Submit your holdings
Fill out the form below. Name, email, portfolio size, 3–5 largest positions. Takes two minutes.
→
02
Secure checkout
Complete payment via Stripe in under 30 seconds. Your spot is locked the moment payment clears.
→
03
Report delivered
Within 48 hours of payment, your written PDF Health Check is delivered to your inbox.
Typical findings

What the report
actually reveals.

Before the Health Check
6 positions across two brokers — perceived as diversified. No quantitative measure of actual independence between holdings.
Average pairwise correlation unknown. The portfolio "felt" diversified because tickers were different names in different sectors.
Marginal risk contribution unknown. The highest-risk position carried 3× its proportional share of portfolio variance — never measured, never addressed.
No written mandate. Every drawdown triggered a fresh decision — sometimes to hold, sometimes to cut. No consistency.
→
After the Health Check
Correlation matrix delivered. Average pairwise: 0.84 — effectively 2.1 independent positions, not 6. Diversification illusion confirmed and quantified.
Concentration risk identified: top position contributing 34% of portfolio variance despite 22% weight allocation. HHI: 0.31 vs. institutional limit of 0.12.
Marginal risk contribution mapped across all positions. Top holding contributing 34% of variance at 22% weight — rebalancing action identified, quantified, and deliverable in a single trade.
One highest-leverage action delivered: replace 15% QQQ → MSCI World ex-US. Correlation drops to 0.61. €420/year TER recovered. Executable in one trading session.
0.84→0.61
Avg Correlation
34%→11%
Variance reduction
2.1→3.8
Effective positions
1 trade
To implement action
Request your Health Check

Submit your holdings.
Receive your report.

Anton writes every Health Check personally — no templates, no automated output. Submit your holdings below, pay securely via Stripe, and receive your diagnostic PDF within 48 hours.

Instant checkout, no waiting. Payment is processed immediately via Stripe. If for any reason Anton cannot deliver — you receive a full refund, no questions asked.

1
Submit your holdings — name, email, portfolio size, top 3–5 positions.
2
Complete payment instantly via Stripe — card or bank transfer, 256-bit encryption.
3
Your written Health Check PDF is delivered to your inbox within 48 hours of payment.
Portfolio Health Check · €150
Accepting requests

Fill in your details below and proceed directly to secure payment. The more context you provide, the more precise your diagnostic.

Search
%

Type a ticker (AAPL, BTC-USD, GC=F) or company name. European stocks: SAP.DE, ASML.AS · ETFs: SPY, QQQ, TLT

All symbols are valid yfinance tickers. After selecting, enter the % weight and click Add.

Add at least 1 holding to continue, or tick "I don't have a portfolio yet".

Secure Stripe checkout · 256-bit encryption · Full refund if undeliverable.
Portfolio details logged with your payment — no separate form needed.

Your name and email are processed by Stripe (payment) and A.L. Capital Advisory (report delivery). Portfolio size is logged with your payment record. Data retained for 3 years post-delivery. · Privacy Policy

◈
Request received.

Your portfolio details have been logged. Complete payment now — Anton begins your analysis immediately and delivers within 48 hours.

Secure Stripe checkout · Card or bank transfer · Cancel anytime before Anton starts

✓
Payment confirmed — Anton receives an instant notification and begins your analysis.
48h
Report delivered — your written Health Check PDF arrives by email. Five deliverables. One clear action.

Have questions first? View Strategic Session →

The natural next step

The complete
investment mandate.

The Health Check identifies what's wrong. The Strategic Session builds the complete architecture — your personal Investment Policy Statement, optimal allocation from first principles, and 10-year goal-probability model. For clients who want the full institutional framework, not just the diagnostic.

Explore the Strategic Session
€750 one-time · Strategic Session
Your €150 Health Check is credited here →
You pay €600, not €750
Quantitative risk & behavioural profile — risk aversion coefficient + capacity score
Optimal strategic allocation — Black-Litterman + MVO, built from first principles
Monte Carlo goal-probability simulation — 10,000 forward scenarios
Written Investment Policy Statement — your institutional-grade governing mandate
30-day implementation follow-up window with direct access to Anton
Common questions

What to expect.

"The cost of mathematical fragility in your portfolio far exceeds the €150 cost of diagnosing it."
Anton Ladnyi, CFA · Portfolio Architect · A.L. Capital Advisory
Institutional tools applied
Pairwise correlation with Pearson coefficient (3Y trailing weekly returns)
Herfindahl-Hirschman Index (HHI) concentration scoring
Fama-French 3-factor + momentum attribution
Marginal risk contribution analysis (MRC) for rebalancing recommendation
Marginal risk contribution analysis for rebalancing recommendation
Why not use Portfolio Visualizer or another free tool?
+
Free correlation tools exist, and I'd encourage you to use them. The difference is interpretation and context. A tool returns numbers; this report tells you what those numbers mean specifically for your portfolio size, your broker structure, your apparent investment horizon, and the cost environment you're operating in. The rebalancing recommendation accounts for your implementation constraints — not just the optimal theoretical allocation. You can run a Pearson correlation yourself. What you're paying for is the judgment applied to it.
What exactly do I receive — and in what format?
+
A written PDF report — four to six pages, no templates, no automated output. It covers the five deliverables in sequence: correlation matrix, concentration score, sector attribution, marginal risk contribution, and one actionable recommendation. Anton writes and reviews every report personally before sending.
When and how does payment work?
+
Payment is processed immediately via Stripe after you submit your holdings. The checkout takes under 30 seconds — card or bank transfer. Your report is delivered within 48 hours of payment. If Anton cannot deliver for any reason, you receive a full refund — no questions asked.
My portfolio is simple. Is the Health Check still worth it?
+
Often more so. Portfolios with 3–8 positions frequently carry the highest hidden correlation concentration — fewer holdings means each carries more weight in the risk structure. The Health Check is most diagnostic precisely for portfolios that appear simple but have never been mathematically examined.
How is this different from a full Strategic Session?
+
The Health Check is a diagnostic — it identifies what's wrong and where the highest-leverage fix is. It produces one actionable document. The Strategic Session builds the complete architecture: optimal allocation from first principles, a full Monte Carlo goal-probability model, and a written Investment Policy Statement. The Health Check is the right starting point if you want a second opinion before committing to the full engagement.
Is this regulated financial advice?
+
This is a structured analytical diagnostic service — not regulated investment advice under MiFID II. Anton provides Portfolio Architecture: a quantitative, framework-based analysis of your holdings designed to inform your decisions, not replace them. All recommendations are analytical frameworks; final investment decisions remain yours.