FEE-ONLY, INCOME-FOCUSED INVESTMENT ADVISORS
Your portfolio is a business. We build it for resilience
We work to preserve your capital and generate consistent cash flow through disciplined, options-based strategies. As a fee-only fiduciary, your interests are our only interests. We earn no commissions.
10-15
High-conviction holdings per portfolio
3
Sources of income in every account
40+
Years of combined experience
WHY GRAMMATICAL CAPITAL
A different approach to building durable wealth
We think like business owners with a long-term orientation - focused on survival first, then on generating real, consistent cash flow from your portfolio. We don't follow the crowd or chase benchmarks.
Capital Preservation First
The first priority of a business is survival. We never lose sight of the fact that your savings are irreplaceable. Endurance and durability matter more than chasing growth.
Options-Based Income
We write equity options on companies we want to own, generating consistent cash flow through premiums, dividends, and interest on cash balances - three streams of income.
High-Conviction Portfolios
With 10-15 holdings, our core positions reflect deep fundamental and qualitative analysis. We concentrate where conviction is highest.
Full Transparency
We use separately managed accounts so you can always see exactly what you own, what your balance is, and withdraw cash when necessary. No pooled funds, no surprises.
OUR PROCESS
From analysis to execution, every step is deliberate
1
FUNDAMENTAL ANALYSIS
We evaluate factors such as liquidity, leverage, free cash flow, earnings potential, and dividend sustainability to determine if a company is worth owning.
3
TECHNICAL ANALYSIS
Once fundamentally sound, we use technical analysis to identify ideal entry points and time horizons for each trade.
2
QUALITATIVE REVIEW
We assess management teams, looking for leaders that exude trust, competence, and integrity. If we owned 100% of the company and wouldn't keep the current management, we don't invest.
4
OPTIONS SCREENER
Our proprietary screener monitors real-time option prices across target strikes and expirations for all qualifying companies.
THE STRATEGY
Three streams of income from a single, disciplined approach
We write cash-secured puts on companies we want to own, and your account is never leveraged. If shares are assigned, we write covered calls and collect dividends.
"We love selling put options on high-quality companies—it gives us the ability to name our price and get paid to wait."
Meanwhile, your cash balances earn interest at competitive rates through our custodian, Interactive Brokers. The strategy is simple and straightforward. It's also time-consuming. But the risk tolerance has been very manageable, thanks to our disciplined fundamental and valuation work.
OPTIONS PREMIUM INCOME
Primary
DIVIDEND INCOME
Secondary
CASH BALANCE INTEREST
Bonus
Illustrative only. Actual income levels vary by account.
OUR TEAM
Built on decades of experience in valuation, operations, and investing
Ethan and Denise bring complementary strengths - forensic accounting precision and real-world business operating experience - unified by a shared conviction that your portfolio should work like a well-run business.
Ethan Hitchcock
CO-MANAGING MEMBER & CCO
CPA
Virginia Tech
Fee-Only Fiduciary
11+ years in valuation and forensic accounting at Keiter CPAs. Expert witness in circuit court. Previously co-founded an RIA (Sustainable Portfolio Solutions). BS in Accounting & Information Systems and BA in History, Cum Laude.
Denise Beck
CO-MANAGING MEMBER & COO
B.S. Finance
Virginia Tech
Fee-Only Fiduciary
Former branch manager and private banking AVP at NCNB National Bank (now Bank of America). Owned and operated a 28-person industrial business. 34+ years as VP/COO of a family office, overseeing asset allocation and cash flow management.