Circa Capital provides investment management services to individual and businesses, and outsourced Chief Investment Officer services to advisory firms across North America. Learn more about what we can do for you by clicking the links above or by scrolling down.
People
Travis Raish, CFA 
Travis has over 25 years of experience in professional money management, including experience as a portfolio manager and as an equity analyst. His work includes consulting with advisory firms and managing stock-based portfolios for institutions and individuals.
Travis also taught at the college level for several years as an adjunct professor with The College for Financial Planning in Greenwood Village, Colorado. There he mentored thousands of financial planners through the Investment Planning curriculum of the CFP (Certified Financial Planner) program of study, and through the investment curriculum in the College’s MS in Finance degree program.
Travis has a BSBA in Finance from Colorado State University and an MBA with a concentration in finance from Regis University. He is also a CFA (Chartered Financial Analyst) charterholder.
Stephen Davenport, CFA
Steve brings a wide assortment of experience and knowledge to Circa Capital. He has spent his career working with families and individuals to manage the risk of concentrated equity positions. He applies sophisticated equity options tactics to improve client outcomes. During a career at State Street, Fleet Bank, Wilmington Trust and SunTrust, Steve has helped clients navigate complex situations to achieve their goals. He believes unique situations deserve custom solutions.
Steve has a BS in Math/Computer Science from Providence College, a BS in Industrial Engineering from Columbia University and an MS in Finance from Carroll School of Management at Boston College. He holds the CFA designation and he is a member of CFA Society Atlanta.
Steve is very active in the community as a founder and board member of ASFIP Foundation. The Foundation works to improve the financial well-being of young adults in the Georgia community.
Advisors
Outsourced Chief Investment Officer (OCIO)
We lend our expertise to advisory firms with over $300 million in assets under management, that want the competitive advantage of having an experienced CFA charterholder on their team.
Every advisory firm that we work with is unique but we are commonly asked to perform the following services:
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- Review existing or create new model portfolios
- Recommend new investments when necessary
- Conduct portfolio reviews for existing and prospective clients
- Rebalance portfolios periodically
- Provide commentary about economic and market conditions
- Conduct periodic due diligence on investments for regulatory purposes
Though our services may differ from advisor to advisor, our goal is always the same; we want to help you deliver the best possible investment experience to your clients.
Investment Management
We manage portfolios directly for clients on Schwab’s platform as Separately Managed Accounts.
Our stock strategies are built on the premise that we only buy companies that we believe are of the highest quality, that have sustainable competitive advantages, good growth prospects and are financially healthy.
Our fixed income strategy is also built on the premise that quality matters, and while we make fewer investments in specific debt instruments, we are always mindful of the tradeoff we are making between risk and return.
Concentrated Stock
If your client has a large investment in a stock or security that they either can’t or won’t sell, we have the expertise to help manage risk. Using options to help protect investments from a significant loss or to generate additional income, we have the ability and the experience to help you better meet the needs of your high-net-worth clients.
Strategies are customized to the individual client, and include:
Covered Call Writing
As an exit strategy, it adds income and allows for the sale of the underlying security at an agreed-upon price.
As an income generation strategy, it adds income and is managed to avoid the sale of the underlying security.
Hedging
Using a combination of options in an attempt to achieve a more stable range of outcomes for the underlying security.
Protected Equity
A strategy designed to reduce the risk of significant loss associated with the underlying security.
For additional information about our Concentrated Stock services, please review the sample analysis below.
Community
Giving back to the community is important to the members of Circa Capital, and we continue to support the following non-profit organizations and their respective missions. Please click the logos to learn more.
Steve has also been active in developing financial literacy skills among young adults in Georgia. The organization has created videos to teach foundational skills that are essential to helping people make wise financial decisions. Enjoy the following video for more information.
Content
Storms
July and August have been tumultuous for the markets. The stock market in general was down for the month, but it was more pronounced for technology stocks. The ups and downs have been driven mostly by “The Magnificent Seven”. It sounds like the title of a spaghetti western, but these tech-oriented companies have pulled the …
A tale of two chips
Investors have changed little over the past 30 years. They still clamor for growth stocks, especially those at the forefront of technological developments. This is especially true today of companies that are working to develop artificial intelligence. And one such company, Nvidia (NVDA), has come from relative obscurity just a few years ago to become …
Artificial to whom
In the past month, we bought a house in Charlotte, sold a house in Atlanta, moved everything in between them, watched our daughter receive her doctorate degree from Rice University, and still found time to schedule hip replacement surgery for me. To say we have been busy is an understatement, and all of these activities …