Private Investment Management
The Wells Fargo Advisors Private Investment Management (PIM) program1 differs from traditional investment services. Instead of paying traditional commissions based on your trading activity, the fee for your Private Investment Management account is based on the value of the investments in your account in order to help ensure that the portfolio management services you receive are not influenced by anything but your best interest
My investment process is centered on effective two way communication with my clients. We first establish the amount of risk the client is comfortable with and then review their goals, objectives, and preferences.
Asset Allocation
- We will primarily use strategic allocation but will employ tactical allocation as the markets or the client's situation may warrant.
- Asset Allocation does not eliminate the risk of a fluctuating market or uncertain returns.
- In the equities class I prefer historically dividend paying common stocks and will typically diversify over industry sectors.
- I may use capitalization weighted or geographically weighted indices when investing in securities having higher volatility such as small-cap or international, since investing in these securities involves risks not associated with domestic or large cap equities.
- For fixed income securities I prefer corporate bonds rated “A” or better bonds subject to low minimal credit risk and may from time to time use exchange traded closed end bond funds. I will adjust maturities based on interest rates and client constraints.
There are no guarantees that the goals of the program will be met.
- Prepare a customized approach to provide a method of evaluating the "quality" of our returns.
Investment Review Meetings
- We will have scheduled review meetings (or conference calls) as requested by the client.