Investment Management in Daytona Beach
CFA-led portfolio management from FirsTrust headquarters. Your investments, tax strategy, and financial plan, coordinated within a single framework.
Fee-Only
Compensated solely by our clients. No commissions. No conflicts.
Serving Florida Since 1995
Three decades of fee-only fiduciary wealth management.
Your Portfolio Should Account for the Life You Are Living Now
Every portfolio governed by a CFA charterholder. Every decision documented in your Investment Policy Statement.
The portfolio you accumulated during your career was built for a different purpose. It was designed to grow. Now it needs to do something harder: sustain a 25 to 30 year retirement while managing the tax consequences of every withdrawal, the inflation exposure of every fixed-income position, and the concentration risk of a coastline property that may represent half your net worth.
If you arrived in Volusia County with employer stock that has appreciated significantly, or a pension and TSP from military service, or accounts spread across advisors you have outgrown, the first step is not a new investment strategy. It is a written Investment Policy Statement that connects your spending, your risk tolerance, and your tax situation before a single trade is placed. View our investment management approach
Your Daytona Beach FinancialTeam
Christopher Cannon, CFA
Chris is a CFA charterholder with 33+ years of investment experience spanning institutional trading, arbitrage, and private client management.
Michael T. Koenig, CFP®, J.M.
Mike founded FirsTrust in 1995 and leads the firm's trust and estate practice. A Certified Financial Planner® with a JurisMaster in Law and 40 years of experience.
Investment Considerations for Volusia County Families
Concentrated Stock from Prior Careers
Retirees relocating with significant positions in a former employer's stock need systematic, tax-aware diversification. Your portfolio transition plan reduces concentration gradually while managing capital gains exposure.
Coastal Real Estate Concentration
Beachside and barrier island property frequently represents 40-60% of household net worth. Your liquid portfolio is constructed to counterbalance that illiquidity and provide cash flow independent of property values.
Military Pension and TSP Coordination
Veterans and aviation professionals with TSP accounts and military pensions benefit from coordinated withdrawal sequencing across taxable, tax-deferred, and tax-free accounts to minimize lifetime tax and maximize after-tax income.
Local Corporate Equity
Brown & Brown (BRO) and TopBuild (BLD) executives with concentrated positions benefit from disposition strategies timed to vesting schedules, retirement dates, and tax projections.
Common Questions About Investment Management in Daytona Beach
Your FinancialTeam begins with a complete review of your existing portfolio, including cost basis records, unrealized gains and losses, asset location across account types, and any existing management agreements. We develop a transition plan that considers tax consequences of repositioning, identifies holdings to retain versus replace, and sequences changes to minimize unnecessary costs. Accounts are held at Charles Schwab & Co., an independent custodian, and you retain full access and direct custodian statements throughout the transition. Learn more about our new client process
When real estate represents a significant share of your net worth, your liquid portfolio should provide diversification, liquidity, and income that your property cannot. We model your property's value, carrying costs, and potential sale scenarios within your overall financial plan, then construct a portfolio that complements rather than duplicates that exposure. This may influence sector allocation, income strategy, and liquidity reserves within your Investment Policy Statement.
Military pension income, TSP balances (both traditional and Roth), Social Security, and taxable investment accounts each have different tax treatment. Your FinancialTeam sequences withdrawals across these sources to manage tax brackets year by year, potentially reducing lifetime tax. This may involve drawing from taxable accounts in early retirement, delaying Social Security, and timing Roth conversions during lower-income years. Learn more about tax planning coordination
We evaluate the position's size relative to your total portfolio, its tax basis, any restrictions on sale, and your income needs. From there, we develop a disposition plan that may include systematic sales over multiple tax years, charitable giving of appreciated shares, or exchange strategies. The goal is to reduce single-stock risk at a pace that balances diversification with tax efficiency. Every decision is documented in your Investment Policy Statement and coordinated with your tax plan.
Your CIO sources investments from the full universe of available options with no proprietary products, no revenue-sharing arrangements, and no obligation to any investment provider. Selection criteria include cost, tax efficiency, liquidity, factor exposure, and fit within your specific Investment Policy Statement. We favor institutional-class funds and ETFs where appropriate, and use individual securities where tax management or specific exposure warrants it. Learn more about our investment philosophy