An independent verdict on one high-stakes call.

A decision memo on a single market, manager, sector, security or private deal: a clear thesis, the risks that matter, the assumptions that move the outcome and a firm recommendation.

Some decisions are worth slowing down for. We take one high-stakes call (a market, a manager, a sector, a security or a private deal) and return a focused memo: a clear thesis, the risks that matter, the assumptions that move the outcome and a firm recommendation you can act on. It is written to the standard of an institutional investment committee, independently, by Tom Pickel, CAIA, with no product to sell.

Who this is for

  • Investors and committees facing one consequential decision
  • Founders weighing a financing, M&A or capital call
  • Operators evaluating a single capital deployment

What you get

  • A clear thesis stated up front
  • An honest inventory of the risks that matter
  • The assumptions that matter and their sensitivities
  • A firm recommendation and the next move

How it works

  • Describe the decision and the deadline
  • We scope the question and the inputs
  • You receive the written memo and a clear call

Common questions

What kinds of decisions does a memo cover?

A market call, a manager selection, a sector or security view, or a private deal. One consequential decision at a time.

How long is the memo?

Long enough to be defensible and short enough to act on. It is a focused written document, not a data dump.

Do you give a clear recommendation?

Yes. Every memo ends in a firm recommendation and a next move, not a neutral list of considerations.

Is the memo independent?

Yes. There are no commissions and no agenda. The memo serves your decision, not a product being sold.

Related work: a deeper alternative investment analysis for a private-market call, a full portfolio consultancy review, or institutional context from SEC 13F intelligence (The 13F). See the full advisory practice.

An independent read before you commit.

Send a short note describing the decision. You get a clear next step and an independent memo.

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