Real Stuff for Real Returns.
Customized Real Asset Portfolios for Proactive, Strategic Investors
The Investment Landscape is undergoing a multi-decade transformation. This seismic shift will necessitate the shift towards Hard Assets/Natural Resources. SOP Advisors has over 50 years of combined experience in these sectors and was specifically designed to help investors navigate and profit from this transition.
Our Thesis
Stuff
Over
Paper.
“For the last several decades, financial assets (paper) have dominated. The secular shifts in Interest Rates and Inflation will mean that investors must make a meaningful allocation to real assets”
We are entering a period where hard assets/natural resources will significantly outperform. This will be driven by: de-globalization, East vs. West, and the rebuilding of global supply chains. SOP Advisors was specifically designed to give investors exposure to this generational shift.
What We Do
We Give Investors Intelligent, Strategic Natural Resource/Commodity Exposure.
SOP Portfolio
Most portfolios are underweight real assets. We give investors dynamic, value-driven exposure to the natural resource/commodity sectors.
Tailored Investment Portfolios
- Customized allocations across energy, metals, agriculture and industrials
- Publicly traded equities, ETFs, and ETNs, held on Schwab and other major platforms — full transparency
- Active management, not indexing
- Built for family offices, RIAs, and high-net-worth investors
We help businesses reduce commodity price risk through customized hedging strategies, integrating market expertise with procurement objectives to improve cost certainty and operational resilience.
Custom Portfolios Actively Managed.
- Commodity-specific risk isolation and analysis
- Hedge structure design and execution
- Integration with purchasing and procurement programs
- Rising rate exposure strategies for leveraged operators
- Ongoing hedge management and reporting
Featured Webinar
Stuff Over Paper
Our inaugural webinar laying out the SOP thesis on the outperformance of Hard Assets and why investors should be paying attention.
Experience Matters
Practitioners, not theorists
Steve Allen
Managing Member
Steve is the General Partner of Greenbriar Partners L.P., which he founded in 1994 as a strategic and opportunistic commodity focused investment fund. Under his leadership, Greenbriar’s extensive research and fundamental analysis focus on investments in physical commodity markets as well as commodity-related investments in the public capital markets. Mr. Allen also established and managed Greenbriar Partners Farmland Partners, a fund dedicated to investment in Midwest Farmland.
His physical trading experience ranges from minor, precious, and exchange-traded metals to agriculture commodities. Mr. Allen has been published in Barrons and has had numerous appearances on Bloomberg TV and CNBC. Steve holds an MBA from the University of Michigan and a B.A. in Economics from Albion College.
Derren Geiger
Strategic Advisor
Derren serves as strategic advisor to SOP Advisors helping manage all energy and energy related investments. Derren has extensive industry experience having managed an award-winning, private U.S.-based oil and gas minerals and royalty strategy. He previously served as Sr. Portfolio Analyst at Preservation Capital Management, providing analysis and recommendations within the commodity and cyclical sectors, including energy, metals, agriculture, and chemicals. He served honorably in the U.S. Air Force and holds a B.S. in Finance from Arizona State University, where he graduated Summa Cum Laude with Honors.
Insights
Stuff Will Outperform Paper.
📄 Newsletter
Weekly commodity market analysis and investment perspective from our principals
📊 Newsletter
Real-time takes on commodity market developments and the real asset thesis as it plays out
▶ Video
YouTube
Webinars, market analysis, and real asset insights from our principals. Watch below.
Video Library
Webinar
What is Driving Gold, Copper, and Energy
Market Commentary
Fracture
Market Commentary
Gold Did Its Job in 2025 Turmoil
Webinar
Just Getting Started
Market Commentary
Foundations of Copper Market are Bullish
Energy
LNG Exports Compete with Domestic Demand
Market Commentary
Gold Surges on Debasement & De-dollarization
Market Commentary
Why Real Assets Are Now Dominating Markets
Market Commentary
Rock Beat Paper in 2025
FAQ
Common Questions
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SOP builds diversified portfolios through separately managed accounts on the Schwab platform. This structure gives clients: daily liquidity, full position-level transparency, direct ownership of the underlying securities, and advantages for tax management and customization.
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Real asset and commodity-related exposure will vary by investor, but in today's environment most diversified portfolios are meaningfully under-allocated. In our view, many investors should target roughly 10–20% of their total portfolio in real assets and commodity-linked exposure.
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No. SOP intentionally simplifies exposure by focusing on publicly traded equities and exchange-traded funds of companies whose revenues are directly linked to underlying commodities — rather than using options, futures, or other derivatives.
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No. SOP employs an active, risk-aware portfolio management approach rather than a purely passive, set-and-forget allocation. By adjusting position sizes, sector weights, and overall exposure as economic and commodity cycles evolve, active management seeks to reduce the risk of being overexposed near cycle peaks and underexposed at troughs.
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Yes, we work with other advisors in a sub-advisory capacity on all applicable platforms.
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We have a $50,000 managed account minimum
Get Started
Is your portfolio positioned for what comes next?
A 15-minute conversation with our principals costs nothing and may change how you think about your allocation. No pitch. No obligation. Just a direct conversation with people who have been doing this for 30 years
EMAIL: info@sopadvisors.com PHONE: 858-914-3189 LOCATION: Rancho Santa Fe, CA