Nepsis

Mark Pearson, the firm's founder and president, serves as chief investment officer and leads the investment committee. The team employs a fundamental, value-oriented process, conducting proprietary research on prospective equity holdings. Decision-making is centralized within the investment committee to maintain consistency across all client portfolios.

Nepsis employs in-house tax professionals who work directly alongside portfolio managers. This structure allows the firm to manage asset location — determining which securities are held in taxable versus tax-deferred accounts — and to execute tax-loss harvesting systematically. The integrated model means a client's investment strategy and tax return are aligned by the same advisory team, rather than by separate, unaffiliated firms.

Nepsis builds client portfolios from individual securities rather than relying on pre-packaged model portfolios or third-party strategies. This customization supports tax-aware management, as each client's cost basis, holding period, and gain/loss profile can be addressed at the individual lot level. The underlying investment philosophy — concentrated, value-oriented equity positions — remains consistent, but implementation is tailored.

The firm follows a long-only, value-driven equity philosophy, seeking companies with durable competitive advantages that are trading below their assessed intrinsic value. Fixed income allocations are used primarily for capital preservation and portfolio ballast. Nepsis maintains a long-term holding orientation, with portfolio turnover kept low to minimize transaction costs and tax drag.

Yes. The firm is headquartered in Minneapolis but serves clients across more than 40 US states. Nepsis operates as a national Registered Investment Advisor and can conduct planning and portfolio management remotely, meeting clients where they are based.