We manage individualized portfolios for our clients on a discretionary basis based on their specific investment objectives.
As an independent, boutique investment adviser, we offer no proprietary products and are under no pressure to recommend or invest in any specific security or investment product.
Our style is flexible, value oriented and risk averse. In determining asset allocation, we take a “top-down,” global, multi-asset class approach to managing portfolios. In doing so, we attempt to gauge a number of factors including valuation, momentum, sentiment and liquidity. We believe the successful application of this approach is effective in generating strong returns – especially on a risk-adjusted basis.
We approach portfolio management as a continuous process and do not subscribe to the notion of scheduled portfolio rebalancing based on some target allocation. We evaluate the investment environment on an ongoing basis and make changes to our clients’ portfolios as conditions evolve.
The implementation of our strategies varies depending on a number of factors, including:
- portfolio size
- tax status
- specific client objectives
We seek to identify and invest in markets, asset classes and securities which we believe present an opportunity for strong risk-adjusted returns.
Deliver strong risk-adjusted investment returns by:
- identifying investments likely to outperform in the current and expected environment,
- minimizing downside risk, and
- capitalizing on set-backs, corrections, and market “dislocations” when opportunities present themselves.
- Monetary/Liquidity Environment
- Economic/Business Cyclical
- Technical Factors
- Real Assets
- Individual Equities (stocks)
- Individual Fixed-Income Securities (bonds)
- Open-End Mutual Funds
- Exchange-Traded Funds
- Closed-End Mutual Funds
As of December 31, 2022, we manage approximately $315 million for individuals, institutions, retirement plans and non-profit organizations.