Portfolio Management

Our investment process is a multi-layered discipline which combines strategic asset allocation with tactical changes. This allows us to strive to balance risks and optimize your probability of successfully meeting or exceeding your financial goals.

 We believe that in order to successfully implement a total wealth plan, you need an investment process which is dynamic and adaptable. Our process:


Strategic Allocation | Optimal Risk and Return for the Long-Run

Our strategic asset allocation decisions are built upon a belief that markets are not entirely a “random walk”. In other words, past market performance can offer some clues to future returns.

Tactical Tilts | Rules-Based Decision Making

Tactical asset allocation(ii) is defined as a series of risk-controlled modifications to the strategic allocation, based upon shorter-term opportunities and risks observed in capital markets.

Our strategic allocation directs our long-term decisions – the best balance of stocks, bonds, cash, commodities, etc. for an individual in a “Perfect World”. Because the world is rarely perfect and markets change quickly, we build upon this valuation framework by incorporating tactical rules to make adjustments when necessary. We use four rules to assist us in making these decisions:

Customized Alternatives | One Client at a Time

No two clients are alike. While often times our model portfolios serve the needs of our clients’ plans and goals, there are cases when customization is appropriate.

Investment Selection | Costs and Taxes Matter

We agree with legendary investor and Vanguard founder, John Bogle – over time expenses paid for investments matter…a lot.

We go to great lengths to choose low-cost, tax-advantaged vehicles as the core of your portfolio. Because costs are something we can directly control, we do rigorous due diligence on each investment to understand its net cost and weigh that against its potential benefit.

We also strive for tax efficiency wherever possible. We review the tax impact of changes to the portfolio across all clients before making changes. Tax loss harvesting – selling a security at a loss to immediately buy a similar security – helps offset realized gains on other portfolio holdings.

Ongoing Review | Proactive Client Service

We communicate regularly with you and your other trusted advisors. Clients have easy access to monthly account statements and personalized quarterly performance and their asset allocation. They can see how their portfolio is performing now and how it’s behaved in the past relative to stated guidelines and benchmarks. Annually, we review investment performance carefully so we can determine the continued likelihood for achieving investment objectives, evaluate strategy, and make additional recommendations.

Dynamic portfolio management, comprehensive wealth planning, and a regimented review process help to ensure all your financial affairs are current, organized and aligned with your vision for your life and your legacy.

(i)Asset allocation does not ensure a profit or protect against a loss.

(ii)Tactical allocation may involve more frequent buying and selling of assets and will tend to generate higher transaction cost.  Investors should consider the tax consequences of moving positions more frequently.

(iii)Source: Ned Davis Research

Past performance is no guarantee of future results. No strategy assures success or protects against loss.

This information is not intended to substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.