INVESTMENT SERVICES THAT BEGIN WITH YOU
When determining your portfolio allocations, we start with you—your goals, your time horizon, your income needs, and your risk tolerance. When we have a clear understanding of your expectations and objectives, we build, then implement, your customized portfolio.
5 CORE INVESTMENT PRINCIPLES
In managing your portfolio, we adhere to five core investment principles:
1. Asset allocation is the most important decision.
The decision of how much to invest in broad asset classes is the determining factor in your portfolio’s variation and return. Your asset allocation target will be based on your financial condition, goals, and risk tolerance.
2. The price you pay
determines your return.
The lower the price paid for an investment, the higher your expected return, all else being equal. We take an active approach to investing, and we seek to buy only at prices that make economic sense.
3. Volatility is not risk.
Real risk is the likelihood of permanent capital loss. When constructing portfolios, we focus less on the risk of investment fluctuation (a near constant in investing) and more on the potential for capital impairment.
4. Time is your ally, but
returns are not linear.
Research and history show that it is over the long term that investors have the best opportunity to secure the returns they need. We refuse to be swayed by market hype and fear, instead maintaining our focus on generating long-term returns.
5. No one can predict the future
No matter how hard investors and forecasters try, the future will forever be unknowable. The good news is that a crystal ball is not necessary to achieve investment success, as long as we remain focused on Principles 1–4.
We offer a variety of strategies to complement your stage in life and investment and income needs. Depending on your circumstances (see Who We Serve), these investments may include core stock, tax-free bond, and/or more comprehensive asset allocation strategies encompassing a broader array of asset classes.