Investment Philosophy
Our investment philosophy is based upon five fundamentals:
- Client objectives drive the investment process. Our job is to produce long-term returns consistent with each individual client’s needs.
- Asset allocation is a primary determinant of portfolio performance.
- Risk and return are related. We believe diversification offers the only “free lunch” where investors can earn higher returns in a lower-risk portfolio.
- Equities typically provide better long-term returns. Bonds are a tool for reducing volatility and generating income.
- Efficiently managed portfolios add value. Low turnover, low expenses, and an awareness of tax implications are fundamental to our portfolio management strategy.
