Institutional Discipline. Human Clarity.
HV Capital Management is your Investment Management Partner in the Hudson Valley, delivering research-driven portfolio management, hands-on guidance, and the confidence that comes from a team that genuinely cares about your financial well-being.
Who We Are
HV Capital Management is a team of experienced fiduciaries who combine disciplined investment research with a deeply personal, client-first philosophy.
We help individuals, families, institutions, and advisors make clear, confident financial decisions supported by rigorous analysis and thoughtful communication.
Our clients trust us because we do more than manage portfolios. We offer guidance, clarity, and steady partnership. Your goals shape every decision. Your long-term outcome is our priority.
HV Capital Management was founded by a team that has spent more than a decade investing together. Our partnership began long before the firm was created and reflects an enduring commitment to fiduciary integrity, research depth, and consistent execution.
With more than seventy years of combined experience, we have managed portfolios through periods of growth, volatility, inflation, and uncertainty. That history has shaped a process that is thoughtful, disciplined, and designed for long-term durability.
Mark Lazarczyk
Chief Executive Officer
HV Capital Management, LLC
Mark Lazarczyk is the Chief Executive Officer of HV Capital Management, LLC.
He brings more than two decades of experience in portfolio management, investment operations, and regulatory compliance.
Mark began his career at Goldman Sachs and spent nearly twenty years at Hudson Valley Investment Advisors in senior leadership roles, including Portfolio Manager, Chief Compliance Officer, and Chief Operating Officer.
He has managed portfolios through multiple market cycles and believes successful investing is built on discipline, risk awareness, and long-term thinking.
A graduate of the NYU Stern School of Business (magna cum laude), Mark is actively involved in portfolio oversight and client relationships, with a strong focus on fiduciary responsibility and clear communication.
Melissa Mineau
Chief Operating Officer
HV Capital Management, LLC
Melissa Mineau is the Chief Operating Officer of HV Capital Management, LLC. She brings more than two decades of experience in investment operations, client service, and firm administration within the registered investment advisory industry.
Melissa spent over twenty-five years at Hudson Valley Investment Advisors, where she advanced through progressively senior roles, including Vice President, Relationship Manager, and Operations Supervisor.
Her background spans client relationship management, operational oversight, and day-to-day firm execution, providing continuity, precision, and operational discipline across market cycles.
A graduate of Marist College (cum laude) with a Bachelor of Science in Business and a Paralegal Certification, Melissa plays a central role in overseeing firm operations and supporting client relationships.
She is also actively involved in the community, serving as an advisory member to the San Miguel Academy Alumni Internship Program.
Ronald Mayfield, CFA®
Chief Investment Officer
HV Capital Management, LLC
Ronald Mayfield is the Chief Investment Officer of HV Capital Management, LLC and is responsible for leading the firm’s investment research, portfolio construction, and active management decisions.
Ronald brings more than fifteen years of experience across portfolio management, research, and trading.
He spent over a decade at Hudson Valley Investment Advisors, most recently serving as Vice President and Deputy Chief Investment Officer, and previously as Portfolio Manager.
His career also includes experience at Lord Abbett, Prudential Investment Management Services, and LPL Financial. A Chartered Financial Analyst® charter holder, Ronald holds a Bachelor of Science in Finance from SUNY New Paltz.
He plays a central role in implementing the firm’s research-driven investment process, with a focus on disciplined risk management, macro-aware portfolio positioning, and consistent execution across market environments.
Three Differentiators
Institutional-Grade Investment Process
Our proprietary macro framework, the Macroeconomic Diffusion Index, helps us make informed, forward-looking decisions that protect capital and capture opportunity.
Hands-On Portfolio Management
We manage portfolios with intention and discipline using the same research-driven structure that has guided our team for more than a decade.
Communication That Builds Confidence
Every decision comes with clear explanations, client-ready visuals, and ongoing insights that help you understand what is happening and why.
Who We Serve
Individuals and Families
Personalized strategies rooted in clarity, discipline, and care.
Advisors, Consultants, and CPA Firms
A true Investment Management Partner that strengthens your practice and supports your clients with research, models, and communication tools.
Institutions and Foundations
Governance support, tailored oversight, and transparent investment frameworks.
Commitment to the Hudson Valley
We are proud to be part of the Hudson Valley community. Our work is rooted in serving local individuals, families, institutions, and the professionals who help guide them.
We believe in supporting the region we call home through volunteer initiatives, local partnerships, and a long-term commitment to community well-being.
What the Current Market Cycle Means
for Long-Term Investors
Read the latest perspective from the HVCM investment team about how macro trends are shaping risk and opportunity.
Our Mission
HV Capital Management exists to deliver institutional-quality investment management with the warmth and personal attention of a local, relationship-focused firm.
Our mission is to help clients make confident financial decisions by providing clarity, disciplined portfolio design, and consistent communication grounded in decades of combined experience.
We believe trust is earned through transparency, education, and partnership. Every recommendation begins with your goals, your values, and your long-term vision.
Our Philosophy
Our philosophy is built around four core principles that shape every client relationship and every portfolio decision.
Client Centered
Client Centered
Your objectives guide every step of our work. We listen first, ask the right questions, and build strategies that support your life and your legacy.
Conviction and
Discipline
Our decisions are driven by rigorous quantitative research, qualitative insight, and a structured process that has stood the test of many market cycles.
Clarity and Communication
We believe clarity is a source of confidence. Clients receive ongoing insights, clear rationale behind every shift, and support that helps them stay informed and empowered.
Long-Term Focus
Long-Term Focus
Compounding is most powerful when guided by patience and discipline. We help clients stay grounded through changing markets and economic cycles.
What Makes Us Different
Institutional discipline paired with human clarity and genuine care.
We combine a rigorous investment process with a client experience built on trust, communication, and partnership.
Institutional-Grade Investment Process
Our proprietary macro framework, the Macroeconomic Diffusion Index, is the center of our investment approach. It synthesizes global data, economic indicators, and market signals to help us make forward-looking decisions about both risk and opportunity.
This is the same disciplined structure used by leading institutional firms.
The difference is that we translate it into simple, plain-language insights that clients can understand and rely on.
Our process is:
Designed to protect capital and enhance long-term compounding
Evidence based
Repeatable
Transparent
Evidence based
Hands-On Portfolio Management
We are not model allocators or passive overseers. We are active portfolio managers who take responsibility for every position and every shift.
Our process is:
Strategic long-term structure
Tactical adjustments informed by macro regimes
Careful security selection supported by quantitative and qualitative research
Continuous monitoring for risk and opportunity
Clients work directly with the partners who manage their portfolios. There are no layers of relationship managers or product sales teams. Just the people who do the work and stand behind every decision.
A Communication-First Culture
We believe that clarity is a form of service. That is why communication is one of the strongest parts of our identity.
Clients can expect:
Monthly and quarterly insights
Clear explanations behind any portfolio change
Client-ready visuals that simplify complex ideas
Ongoing education about markets, behavior, and long-term planning
Thoughtful conversations that focus on understanding, not jargon
Our goal is to turn complexity into clarity so clients feel steady and confident through every market cycle.
Independent, Fiduciary, Client Aligned
We are fully independent and operate with a fiduciary mindset.
This means:
No products
No commissions
No external incentives
No competing priorities
Every decision is intended to serve the client and the client alone. Advice is built around objectives, risk preferences, and real-life needs, not sales targets or manufactured solutions.
The Human Element:
We Care Deeply About Our Clients
Our clients work with us because they want a firm that is both expert and human. We take the time to understand your goals, your family, your values, and your concerns.
Our relationships are long term and personal. We check in. We listen. We show up.
We are here for major decisions, life transitions, and moments when clarity matters most.
The Four Pillars of Our Investment Approach
Macro Regime Assessment
Our proprietary Macroeconomic Signal Matrix synthesizes a wide range of global indicators across growth, inflation, liquidity, and market conditions. It provides a structured view of the prevailing regime so we can understand whether the environment favors risk taking or risk reduction.
This discipline helps us avoid emotional decisions and stay aligned with data, not headlines.
Strategic Asset Allocation
Every portfolio begins with a long-term foundation that reflects the client’s goals, time horizon, liquidity needs, and risk tolerance.
Our strategic allocations emphasize:
Diversification across asset classes
Strong fundamentals and valuation awareness
High quality companies and issuers
Consistency through market cycles
This structure anchors the portfolio and supports disciplined compounding over time.
Tactical Adjustments and Active Management
While strategic allocation provides stability, we believe active management enhances resilience and opportunity.
Guided by our macro framework and ongoing research, we make measured tactical shifts to:
Reduce exposure when risks are rising
Embrace opportunities when conditions are improving
Manage sector and factor tilts
Adjust security level positions when fundamentals change
Active does not mean reactive. It means intentional.
Transparent and Consistent Communication
We believe communication is part of the investment process. Clients deserve clarity, not complexity.
This is why every decision comes with:
A clear explanation of the rationale
Visuals and summaries that simplify key concepts
Regular insights on macro trends and portfolio positioning
Direct access to the portfolio managers who make the decisions
Clarity builds conviction. Conviction keeps clients aligned with long-term goals.
How We Build Portfolios
We believe communication is part of the investment process. Clients deserve clarity, not complexity.
This is why every decision comes with:
Strategic Structure
The long-term foundation that keeps portfolios aligned with client objectives.
Tactical Flexibility
Incremental shifts that reflect macro conditions and risk levels.
Security Selection
A combination of valuation, quality, durability of growth, balance sheet strength, and management considerations.
Risk Management
A focus on loss prevention, discipline through volatility, and alignment with each client’s goals.
We believe the most important part of portfolio management is protecting the ability to stay invested.
Risk management is built into every step of our process.
The Value of a Disciplined, Human Approach
Our clients do not want noise. They want clarity. They want stability. They want a partner who understands both markets and people.
Our approach reflects this by combining:
Institutional depth
Hands-on management
Straightforward explanations
Personal guidance at every step
This combination is rare. It is also what makes our approach both effective and reassuring.
What Clients Can Expect From Us
A structured framework, not guesswork
A clear narrative behind every portfolio decision
Monthly and quarterly updates
Behavioral coaching that helps maintain long-term discipline
Access to the team that manages your portfolio
Support through life transitions and major financial decisions
You will always know what we are doing, why it matters, and how it supports your priorities.
Investment Solutions Built for Clarity, Discipline, and Long-Term Success
We provide a full suite of investment management solutions designed to support individuals, families, institutions,
and professional partners with a process that is structured, transparent, and deeply personal.
1: Individuals and Families
Personal Investment Management Designed Around You
We help individuals and families build portfolios that reflect what matters most. Our process begins with understanding your goals, your concerns, and your long-term vision. Then we design a disciplined investment strategy that grows with you.
What We Provide
Customized Portfolio Design: Tailored allocations aligned with your objectives, risk preferences, and the life you want to build.
Active, Risk-Aware Management: Measured tactical shifts and thoughtful security selection guided by our macro framework.
Clear Communication and Education: Monthly and quarterly insights, rationale behind every shift, and ongoing conversations that build confidence.
Support Through Life Transitions: Retirement, liquidity events, inheritance, career changes, and major decisions all benefit from clarity and guidance.
Behavioral Coaching: We help clients stay grounded during volatility so long-term plans remain intact.
Who We Serve
High-net-worth individuals
Families planning for future generations
Retirees seeking income and stability
Business owners preparing for life transitions
Professionals who value clear communication and hands-on care
2. Institutions and Foundations
Institutional Discipline with Personal Partnership
We help boards, committees, and nonprofit organizations build and oversee investment programs that support mission,
governance, and fiduciary responsibility.
What We Provide
Investment Policy Statement Development: Clear guidelines that connect purpose to portfolio, aligned with governance needs.
Model Portfolio Management: Institutional-grade asset allocation frameworks built on our macro and fundamental research.
Separately Managed Accounts: Custom strategies for long-term pools, endowments, and mission-aligned mandates.
Governance Support and Documentation: Meeting materials, rationale summaries, and reporting that simplify oversight and decision making.
Board and Committee Education: Educational resources that strengthen understanding and build confidence across stakeholders.
Who We Serve
Foundations and endowments
Boards and investment committees
Nonprofits and community organizations
Family offices seeking clarity and structure
Fiduciary enterprises with multi-stakeholder oversight
3. Advisors, Consultants, and CPA Firms
An Investment Management Partner That Strengthens Your Practice
We work alongside financial advisors, consultants, and CPA firms as an extension of their investment office. Our role is to help you serve clients with deeper research, disciplined portfolio management, and communication tools that reinforce the value of your work.
What We Provide
Institutional Research and Macro Framework: Access to insights, signals, and regime analysis informed by our proprietary macro models.
Model Portfolios and SMA Solutions: Consistent, scalable offerings aligned with fiduciary standards.
Client-Ready Communication Tools: Monthly and quarterly insights, visual summaries, and meeting-ready materials that reinforce your guidance.
Implementation Support: Documentation, rationale briefs, and structured reporting for multi-client oversight.
Partnership Without Product: No conflicts of interest. No products or commissions. Pure partnership built on shared success.
Who We Serve
Registered Investment Advisors
Certified Financial Planners
Consultant firms
CPA and accounting firms
Multi-client fiduciary enterprises
4. Communication and Insights Platform
Clarity That Strengthens Every Client Relationship
Research and portfolio management are powerful, but communication is what builds conviction.
Our communication platform makes institutional insights accessible and easy to share.
What Clients and Partners Receive
Monthly and Quarterly Insights: Clear explanations of macro trends and portfolio context.
Why Now Briefs: Short, direct summaries explaining any tactical shift.
Client-Ready Visuals: Simple, compelling graphics that make complex topics understandable.
Educational Modules: Behavioral finance topics, market structure explanations, and governance resources.
Direct Access to Portfolio Managers: Real conversations with the team that manages your money.
5. Our Service Commitment
Regardless of who we serve, every client receives:
Structured, repeatable investment discipline
Clear guidance through both calm and volatile markets
Personal partnership rooted in trust and understanding
Consistent communication
A long-term relationship focused on real life outcomes
We measure our success by the clarity, confidence, and results we help create.
Financial clarity starts with a conversation.
Let us help you build a plan that supports the life you want to live.
Schedule a Conversation
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