Investing

Holistic Portfolio Construction

Our Investment Approach Builds a Portfolio Suited to Your Goals

ASSESSMENT OF CLIENT SITUATION

Determine investment time horizon
Assess risk tolerance
Identify known and potential cash flow needs
Identify current investments, e.g., real estate, private businesses, annuities, etc.
Assess current holdings as to investment merits and tax aspects
Consider ESG or Socially Responsible Investment preferences

ASSET ALLOCATION

Define client objectives for growth, capital preservation and income
Compare client objectives to the risk-reward outlook for major asset categories
Set a strategic allocation among equities, fixed income, real estate and alternative investments
Continually assess the strategic asset allocation in view of market conditions
Regularly rebalance portfolios as appropriate

PORTFOLIO DESIGN

Optimize portfolio security selection to maximize risk-adjusted return potential based on our proprietary investment algorithms and third-party research
Diversify portfolios to limit volatility & correlation risk
Continually monitor portfolio holdings based on quantitative fundamental data, technical analysis and third-party research
Adjust portfolios consistent with a goal of low-turnover, tax-efficient investing

TAX OPTIMIZATION

Retain appreciated legacy holdings that have a solid investment outlook
Target securities likely to show sustained compound growth or that have other
tax-efficient attributes
Maintain a low-turnover investing style
Adjust asset allocation to take advantage of tax-deferred accounts
Target tax-loss harvesting as such opportunities arise

A Disciplined, Research-Based Investment Process

Our investing is grounded in a disciplined process using both internal and third-party research.

A top-down & bottom-up process. Our investment process includes a “top-down” study of factors such as the economy and fiscal and monetary policies. Our process is also “bottom-up” in that security selection across asset classes is based on analysis of fundamental data.

Quantitative, proprietary research. Over our 17-year history, we have developed a quantitative process for developing portfolios with attractive risk-reward profiles using financial data of individual companies and our proprietary algorithms.

Removing emotion from investing. Many investors have disappointing results because they fall prey to popular narratives and/or their emotions. One of the most important things we do for our clients is to help them avoid having the day’s headlines or emotion drive investing. Our strong reliance on letting data drive our decisions helps us achieve this goal.

Third-party data and research. Our internal strengths are buttressed by data from leading financial data providers and by research from prominent investment research firms.

Access to third-party managers. While we differentiate ourselves by conducting our own research and managing the majority of the firm’s assets in-house, we also have access to best-in-class managers in nontraditional asset classes that can meet specific portfolio needs.