# Intrinsic Investors

Intrinsic Investors is a Bank / Wealth / Trust based in Wauwatosa, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Wauwatosa, United States
- **Region:** North America
- **Address:** Wauwatosa, WI, United States
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** www.intrivest.com
- **LinkedIn:** https://www.linkedin.com/company/intrinsic-investors-llc

## Regulatory record

- **CRD number:** 111968
- **SEC file number:** 801-116734
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/111968

## About

Gary Dvornyak established Intrinsic Investors in 2000 in Wauwatosa, Wisconsin, structuring the firm as a registered investment advisor serving a cross-section of individual and institutional clients. The practice emerged from Dvornyak's background designing employer-sponsored retirement plans, giving the firm a technical grounding in fiduciary-grade portfolio construction rather than the brokerage-trail model common among Main Street advisors at the time. His son Mark Dvornyak later joined as a principal, cementing the family-operated character of the business. The firm advises on asset management, investment management, financial planning, portfolio management, and retirement planning. Its client base spans individuals, pension funds, trusts, estates, charitable organizations, corporations, and businesses — a broad mandate that has historically implied a mix of publicly traded securities, fixed income, and mutual fund or ETF allocations rather than direct private-market dealmaking. Geographic focus centers on Wisconsin and the greater Midwest, though regulatory filings list no explicit geographic restriction. The firm operates from a single office in Wauwatosa, a western suburb of Milwaukee. Team size has historically remained small, consistent with a high-touch advisory model where principals personally manage client relationships. Intrinsic Investors does not publicly disclose assets under management. No adjacent philanthropic foundation, private investment fund, or club-deal vehicle has been identified in public business records or regulatory disclosures. Structurally, Intrinsic Investors functions as a boutique registered investment advisor — a category that distinguishes it from broker-dealers by imposing a fiduciary duty to place client interests first. For the pension funds and trusts on its roster, this structure means the firm bears a legal obligation to recommend investments solely on their merits, a posture that has attracted retirement-plan sponsors and non-profit boards seeking an advisor who does not sell proprietary products or accept commissions.

## People

- Gary A. Dvornyak — Founder and Principal
- Mark J. Dvornyak — Principal

## Questions

### Who runs investment decisions at Intrinsic Investors?

Founder Gary Dvornyak and principal Mark Dvornyak lead the firm. Public business records list them as the key control persons. The firm's small scale and absence of a separate chief investment officer title suggest that portfolio construction and investment selection are handled directly by the principals.

### What is Intrinsic Investors' fiduciary structure?

As a registered investment advisor, Intrinsic Investors operates under a fiduciary standard — it is legally required to place client interests ahead of its own. This distinguishes it from broker-dealers, who operate under a suitability standard. The firm's pension and trust advisory work, in particular, demands documented fiduciary processes including investment policy statements, ongoing monitoring, and periodic reporting to plan sponsors and trustees.

## Related profiles

- [InTrack Investment Management](https://altss.com/profile/intrack-investment-management)
- [Intrinsic Wealth Counsel](https://altss.com/profile/intrinsic-wealth-counsel)

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Last updated: 2026-08-11T02:43:31.692Z

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