Veteran financial professional Christian Kling, a longtime Palm Beacher, and his son Putnam established Everglade Capital, an independent investment advisory firm in West Palm Beach, just over a year ago.
Initially, they handled investments for friends and family. But in the past three months, they’ve begun offering their services to new clients. The firm’s focus is on what the two call, and have trademarked, “Life Enhancement Investments.”
The Klings identify companies involved in medical innovations and other health-related products that, they believe, have potential for growth and offer a strong return on investment. Included are start-up biotech firms, makers of organic foods and supplements, age-rejuvenation products and so-called cosmeceuticals that combine cosmetics and pharmaceuticals, and eye-care providers.
“My father had the foresight to see the demand for use of such products by the aging Baby Boomer generation,” said Putnam Kling, who worked in the local financial-services sector for eight years before teaming up with his father.
“I’ve been mentoring my son since he was 3,” Christian Kling said.
Clients of Everglade Capital must make a minimum investment of $25,000. “That’s the amount needed to get adequate diversification,” said Christian Kling. The average client portfolio size is about $150,000, he said.
“We are not a full-service firm; we are purely interested only in investing in growth stocks,” said Putnam Kling.
The Klings rely on a network of investment analysts, some of whom are lifelong colleagues of Christian Kling, in identifying only publicly traded companies with growth potential in the range of 15 percent to 20 percent a year.
“We also receive information from medical and health professionals,” Putnam Kling said.
“The key is to catch a company early in its growth, to get in before the institutions do,” Christian Kling said. “They can really take off like a rocket and provide substantial returns.”
But the firm also invests in established companies on the brink of releasing products that might become market sensations.
“The litmus test is if we’ll put money into it ourselves,” said Putnam Kling. “We wouldn’t advise our clients to do so if we didn’t stand behind our recommendations.”
He added, “We are not a fund, and we don’t pool investment dollars.”
All the firm’s clients own their stocks individually, with Everglade Capital charging them a quarterly fee for its services.
“Our mission is to relieve financial stress, to help individuals get to a point where they can feel more relaxed about money,” said Christian Kling. “We aim to do something about that.”
The Everglade Capital strategy made sense immediately to client Michael Rendina of Jupiter: “Their strategy resonates because of the tremendous opportunity in companies that are well-positioned to meet the needs of our aging population.
“Chris and Putnam have a passion for growth investing, and they have assisted us in gaining exposure to many great growth companies we simply weren’t hearing about elsewhere.”
For information, call 833-2228 or visit EvergladeCapital.com.