Our investment approach begins with a thorough evaluation of client objectives including income needs and the ability to tolerate market fluctuations. Other considerations include needs for short-term liquidity, tax concerns, investment time horizon and any additional unique needs or preferences.
One of the most significant determinants of long-term performance is the asset allocation decision; in other words, how much of an investment portfolio is allocated to different asset classes. We carefully formulate a strategic asset allocation policy to reflect our client’s objectives and risk tolerance.
Once the asset allocation decision is made, we implement a portfolio policy through security selection. The process continues with rigorous portfolio monitoring and performance measurement. As market conditions change, we rebalance the portfolio to reflect the client’s portfolio policy. We regularly review objectives and preferences to help ensure a clear understanding of our client’s long-term needs and communicate frequently with comprehensive reports and personal visits throughout the year. Our investment committee meets regularly to discuss economic conditions, industry sectors and security selection within the framework of our investment discipline.