Risk Matters...
Shorten the string on
your portfolio yo-yo.

ARG is a set of professionals with extensive experience in managing money. For those who desire to invest their money in a rational and logical way, we have had great success in providing clarity and value to our client's portfolios. Our priorities lain in order are: capital preservation, income, and capital appreciation. We have developed an allocation model that uses multiple non-correlated asset classes that has historically mitigated risk and volatility; all the while enhancing opportunity and performance. Over the last 20 years, ARG has sought out and aligned itself with the industry experts and specialists, to create a team around our clients to help realize their financial objectives and dreams. Past performance is not indicative of future results.

“Money has three purposes: to be invested wisely, to do good with, to live well off.”

-John Hay Whitney

Mission Statement

Allocation Resource Group is a relationship driven financial services organization.
We are dedicated to:
Operating from principle and having the courage to stand by our beliefs
Upholding the highest ethical standards
Providing quality service
Building financial independence for our clients, associated professionals, and ourselves
Recognizing emerging opportunities
Facilitating open communication 

“To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest rewards”

- Sir John Templeton, Templeton Funds
Founder and Former Chairman, August 1958 

Our Investment Philosophy

Risk matters…try to emulate investing like an Institution! Though individuals are not “Institutions,” they can still construct a portfolio that utilizes multiple, non-correlated investment platforms. With greater access to non-traditional thinking and alternative investment programs, they too can develop portfolios that look more like those of great American institutions. They can also develop a highly customized approach with an emphasis in order of preservation of capital, income creation, and capital appreciation. (The Ivy Portfolio: How to Invest Like the Top Endowments and Avoid Bear Markets, By Mebane T. Faber and Eric W. Richardson, 2010).

In today’s investment advisory world, the vast majority of portfolios are managed in a very typical and traditional form. These traditional approaches to investing have fallen short in the current economic world we live in. At ARG we distinguish ourselves by providing access to a portfolio tailored to potentially withstand any scenario of market, interest rate, and geo-political circumstance. The analogy of the great Greek warship the Trireme comes to mind. What made the warship so lethal was its use of both sails and oars. When the wind was strong, they sailed. When the wind stopped, they rowed. In traditional style investing one uses just the sails and a “buy and hold” mentality. “Sailing” in this case refers to constrained management that adheres to strictly index style investment strategies. Great if the winds are moving in the right direction. Should the winds blow in the wrong direction, so too will your portfolio. Remember 2008? Having the ability to both sail and row within your portfolio can potentially yield strong results. Correlation of the old-style construction still used today is as high as it has ever been in the past. We went from Brinson, Beebower, and Hood in 1986, stating that over 93% of your portfolio performance variance is due to the asset allocation policy (“Determinants of Portfolio Performance,” Financial Analysts Journal, July-August 1986); to Markowitz in 2010, stating that 70% of that same variance is due to market movement (Ibbotson, Xiong, Idzorek & Chen, Financial Analysts Journal, 2010). What is there to do?

“Rowing” style investing allows the portfolio management to be far freer to work through “secular” bull and bear markets, versus through “simple” bull and bear markets. This unconstrained approach removes the limits on the degree and frequency of equity asset allocation shifts. Secular bear or bull, and range bound markets may reward more active management. In rowing markets, the wind alone may not offer enough power to work toward your goals, or the wind may be blowing in the wrong direction. The core of your equity stance should be both styles. Satellite funds should be a consideration only if they are stock picking funds versus indexed approaches.

When looking at how the Endowments and Pension Funds have performed over the last 30 plus years, it is no secret that they use alternative strategies to attain robust results. Yale has targeted for 2022, some 78% to alternative positions (Yale University Financial Report 2022-2023), and while according to Harvard, their Policy Portfolio for fiscal year 2021 had roughly 90% (Harvard Management Co. Inc., Message from the CEO, September 2023). ARG is a staunch believer that like the referenced endowments, you can pursue robust returns and lower volatility by deploying sailing and rowing styles, and targeted alternative strategies.

Moving into the alternative side of the equation, the use of multiple non-correlated asset classes has been time-tested to reduce the risk of any portfolio. This is the attempt to move back to Brinson, ET. Al. to create that positive performance variance, which is realized through one’s allocation policy, and less so on the movement of the market. As mentioned earlier, correlation in traditional style investing is at an all-time high. Bonds would normally be the balance of the risk/reward scenario, but due to coming off years of an historically low interest rate environment and the future of rates inevitably rising, thought to reallocate out of traditional fixed income boxes is imperative. Due to the inverse relationship of bond prices and interest rates, there was a significant adjustment when the Fed raised rates beginning in 2022 with the Index losing more than (-13%). That year there was nowhere to hide as both bonds and equities experienced major losses. Here, alternative strategies become a more attractive and necessary component. An example of high dividends and a floating rate that would take advantage of rising rates would be Private Debt. REITs, both debt and equity style, will also provide additional asset class separation. In addition, we saw in the 2008 global meltdown and again in 2022, what an exposure to a diversified multi-asset approach that trades global futures markets could do as this index was up roughly 20% in both years (http://www.barclayhedge.com/research/indices/cta/sub/sys.html, Ridgedale Advisors December 2022). All of this creates a compelling case for multiple non-correlated asset classes that provide uncorrelated alpha.

ARG has created a discipline in its allocation models, the capabilities to construct, and the process in which to implement portfolios with the emphasis on mitigating today’s risk; all the while creating the paths for growth. We welcome the opportunity to work with you in working toward your goals.

Asset Allocation and Diversification does not guarantee investment returns and does not eliminate the risk of loss. Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. We believe the information provided here is reliable, but do not warrant its accuracy or completeness. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for all investors. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for accounting and legal or tax advice. References to future returns are not promises or even estimates of actual returns a client portfolio may achieve. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.

Real Estate Investment Trusts (REITS) are not suitable for all investors. REITs carry substantial risks including, but not limited to illiquidity, limited transferability, absence of a public market, potential for development risks and construction delays, and the risk that the program does not achieve its objectives. Quarterly statements of your REIT account holdings will not show value fluctuation because REIT share prices do not change until the REIT goes public.

Managed futures are not suitable for all investors. Futures, forwards, and options trading is speculative, leveraged and entails a high degree of risk, which can quickly result in large losses as well as gains. There is a limited ability to liquidate an investment in a managed futures fund. Investors should be aware that they may be required to bear the financial risk of an investment for an indefinite period. Although most managed futures funds have historically been non-correlated to traditional investments, diversification does not assure a profit or guarantee against loss in a declining market. Managed futures funds may be subject to substantial charges for management, advisory and brokerage fees. Before investing in a managed futures fund, you should carefully study the fund’s prospectus or Private Offering Memorandum. In addition, you should obtain advice from your investment and/or tax professional.

Private Debt and Equity are not suitable for all investors. Investors must meet strict suitability requirements. An investment in private debt or equity may be considered speculative and involves a high degree of risk, including the risk of substantial loss of principal. There is no assurance that the investment objectives of this program will be attained. Each investor should evaluate their ability to invest for the long term, especially during periods of downturn in the market. A more detailed description of the risk factors is found in the prospectus. Please ensure you read the applicable prospectus in order to fully understand all the implications and risks of the respective offering to which it relates.

Risks also include: No public trading market currently exists for shares; financial market and event driven risks; distribution risks (the amount of any distributions is uncertain); Interest rate risk; and liquidity risk. As with all investing, past performance does not guarantee future results.

“You should never try to pick the bottom of the market to invest. If you do, you may end up never getting invested at all.”

-George Putnam II

Our Client Bill of Rights

At Allocation Resource Group, the needs and objectives of our clients are of utmost importance. Our clients will be treated in a fair and ethical manner in all interactions with us.

As a Client You Have the Right To:

  • To receive responsible financial advice, tailored to your personal objectives, time horizon, and tolerance for risk.
  • To know that being our client is more than just a business arrangement, it is a highly valued long-term relationship.
  • To have timely and considerate responses to your questions and concerns.

Full and Clear Reporting and Disclosure

  • To develop an understanding of where you are in terms of your financial objectives and the issues related to such objectives. Develop a model that meets those objectives.
  • To receive accurate information on the financial solutions we recommend clearly disclosing their risks, benefits and costs.
  • To be fully informed about all strategic decisions regarding your accounts before any implementation.
  • To receive accurate, timely and regular statements of your account, including detailed information about all transactions.
  • To be advised of realistic expectations based on your actual financial situation.
  • To have your portfolios reviewed on a regular and timely basis.

As a Client Your Responsibilities Are:

  • To provide accurate information about your financial status, goals and risk tolerance.
  • To read thoroughly all sales literature, prospectuses, offering documents and account agreements.
  • To ask questions about recommendations, strategies, current accounts and investments, potential conflicts of interest, costs and fees.
  • Notify your advisor immediately if there is a significant change in your financial situation or personal life.

“There are two rules of investing: rule number one is don’t lose your money, and rule number two is don’t forget the first rule.”

-Warren Buffett

Services

Core Strategies:

  • Asset Allocation/Diversification
  • Financial Planning
  • Retirement Planning
  • Individual Planning
  • College Planning
  • Estate Planning
  • Corporate Benefits
  • Tax Management

Resources Available:

Investments:

  • Alternative Investments:
    • Business Development Company-Private Debt
    • Business Development Company-Private Equity
    • Real Estate Investment Trusts/Partnerships-Equity
    • Real Estate Investment Trusts/Partnerships-Debt
    • Managed Futures
    • Tax Advantaged Strategies
  • Annuities/Life Insurance
  • Third Party Money Management
  • Custom Fixed Income Management
  • Mutual Funds
  • Pension Benefits

Tax:

  • Corporate and Individual Returns
  • Business and Personal Accounting Services
  • IRS Representation
  • Employee/Employer Benefits
  • Tax Alpha
  • Payroll Services

Tax preparation services offered through Allocation Resource Group are separate and not affiliated with LPL Financial. LPL Financial does not offer tax advice or tax preparation services.

“Luck is the residue of design”

-Branch Rickey

Our Firm

Joseph R. Centra
President and CEO

Joe has been involved with investments far longer than he cares to admit. He bought his first mutual fund at the ripe early age of fourteen, some 50 years ago. An enterprising youngster with a lawn service business (and only a nineteen-inch push mower!), he realized that the best way to invest his hard-earned money was not the bank, but rather…The Stock Market.

As a student at the State University College of New York at Fredonia, Joe was fortunate to get high-paying summer jobs as a construction and masonry laborer (demanding work has never been an issue!). This provided enough capital to eliminate the need to work during the semesters and gave him the luxury and time to play the “penny” stock market. Upon receiving his degree, Joe was recruited by one of the premier hospital systems in the country, Columbia-Presbyterian Medical Center, as the youngest departmental administrator in their 105- year history. Joe realized his vocation in healthcare was not just about a paycheck, but also helping people. He continued that fostering spirit when he realized that he preferred helping people by working one-on-one in an area in which he was not only well versed, but one which he loved…investments. In the famed words of Confucius, “Find your passion, and you will never work a day in your life.”
Most people would think that anyone beginning a career in the market right after the crash of ’87 had to be a little crazy, but after many years of watching how the capital markets operated, coupled with his understanding of economics, Joe knew the market was the place to be putting money.
For over three decades, Joe’s continued quest for knowledge, his development of key affiliations, and avid following of some of the most successful investment strategies, have all come together to provide him the access to construct a sophisticated and logical allocation model. Joe considers himself a financial resource coordinator. He defines this title as one who helps people with varying financial circumstances optimize their resources to pursue their goals, particularly through investment modeling. He does not consider himself the expert; rather, over the years he has sought out the premier specialists and experts in their respective fields and asset classes. The firm he founded in 1994, Allocation Resource Group, has surrounded itself with the people and platforms, that have the expertise to help clients in the pursuit of their financial goals, improving investment performance, and attempt the reduction of risk. ARG was built on three pillars: preservation of capital, developing income streams, and seeking capital appreciation…in that order. Whether it is the preservation or growth of capital, retirement, estate planning, asset allocation or any occasion that requires financial workings, there are answers. As his company name suggests, Joe has the access to develop and implement strategies to help resolve many circumstances with a rational and logical plan…a plan with value and clarity. 

Alejandro Doble
Director of Tax Operations

Al is a graduate of Long Island University at C.W. Post, with a bachelor’s degree in accounting. While interning in his junior year of college, Al’s passion for helping others in dealing with one of life’s most arduous tasks- taxes- was born.

As a first generation American, Al’s foundation for success is driven by his family values. His moral compass for honesty, discipline and compassion are the root to his successes. Personal hardships, self-sacrifice, and the drive to persevere, have helped Al accomplish anything he sets his mind to. His thirst for knowledge and the prospect of a challenge stimulates his navigation through life and the endless possibilities it has to offer.

Al joined Allocation Resource Group in February of 2015 as Director of Tax Operations. Prior to joining ARG he was a Junior Tax Partner with the national firm, Gilman & Ciocia. As an IRS Enrolled Agent, Al comes to ARG with extensive experience in working with individual and corporate strategies and returns. His corporate dealings range from startups to growth and maturity, all the while handling their tax needs.

In his spare time, Al enjoys spending time with his wife Rachel, his high school sweetheart and their three kids. He plays competitive sports and is particularly passionate about International Soccer. He is a car enthusiast and appreciates giving back to his community through his volunteering efforts.

Authenticity and professionalism are transparent when you meet Al. Determination will forever be his driving force & the necessity to wake up every morning and work hard for his achievements, will forever be his biggest asset to the successes with ARG. 

Angela Manno
Chief Financial Officer

 

Brett Rivera
Director of Operations

 

Michael Goad
Director, Special Projects

 

Andrea Fallaque-Mija
Director of Client Services

 

Allocation Resource Group
  • 2 International Drive
  • Suite 110
  • Rye Brook, NY 10573

  • Toll Free: (888) 833-4274
  • Phone: (914) 381-4910
  • Fax: (914) 269-2717

Copyright © 2025 Allocation Resource Group. All Rights Reserved.

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Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC.
Allocation Resource Group is not an affiliate of LPL Financial.
Financial Professionals may only discuss or transact business with residents of state(s) and jurisdiction(s) in which they are properly registered or licensed.
Registered to sell securities in the state of AZ, CA, CO, CT, FL, GA, IL, IN, MA, MN, NJ, NY, NC, PA, SC, TX, VA & WA and licensed to sell insurance in the CT, FL, GA, NC, NJ, NY & VA.
This is not an offer or solicitation in any other state.