We believe that a sound investment process provides clients the security of knowing they have laid the groundwork for their long-term investing plan. The investment process is driven by our committee structure, which provides an organizational framework and allows members of our investment team to apply specializations across asset classes.
We believe in constructing efficient, diversified portfolios intended to be held and measured across a full investment cycle. We recognize that asset allocation rather than the security selection, is the primary determinant of investor returns. In portfolio construction and management, we aim to minimize investor costs from trading, expense ratios, and taxation.
We employ a disciplined approach to constructing portfolios and analyzing securities.
GOALS AND OBJECTIVES
Through formal and informal communication, assessing a client’s goals and objectives is an important part of our investment process. If needed, an Investment Policy Statement will be utilized and created as part of the process.
ASSET ALLOCATION
Asset allocation is a process that aims to balance risk and reward by allocating a portfolio’s assets according to stated goals, financial needs, risk tolerance and investment horizon. We analyze numerous combinations of asset classes before recommending the appropriate asset allocation.
SECURITY SELECTION
Security is the process of choosing specific securities within a given asset class that meet our screening qualifications. We begin with our universe of securities. We analyze these securities using stringent criteria, narrowing down our universe to a smaller group of investment options. These investments are reviewed to determine the appropriate vehicle is selected for each asset class. We focus on fundamental analysis to identify the securities best suited to each portfolio’s needs.
PORTFOLIO CONSTRUCTION
Once asset allocation has been established, our portfolio management team works to build portfolios with securities from each asset class. Our Investment Committees and subcommittees generate investment ideas, conduct research and analysis, evaluate risk/return parameters and determine asset allocation to assist clients in their portfolio construction.
