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Investment Management

Our investment methodology is based upon a disciplined approach to wealth management. We strive to assist our clients in avoiding emotional reactions that can result from the inevitable ups and downs of economic cycles during their lifetimes. Our thoughtful process creates an investment plan based on each client’s unique financial situation with a focus on achieving life goals for our clients and their families.
As an independent practice, we retain the freedom to select from an array of investment products we feel are appropriate, including existing holdings that a client may already have in place. With this flexibility in mind, we are able to offer access to many different investments including, but not limited to, stocks, bonds, ETFs, mutual funds, managed accounts, real estate investment trusts, insurances, and other tax-advantaged investments. Investment fees and commissions are disclosed ahead of implementing any investment strategy. 

Our starting point is your Investment Mandate, the unique combination of requirements that distinguish you from other investors. These include:

  • Risk profile
  • Investment time horizon
  • Income requirements
  • Investment restrictions
  • Liquidity constraints
  • Tax status
  • Portfolio size
Prior to opening your account we discuss your investment objectives with you to gain a full understanding. Of particular interest are your long-term investment goals, your attitude to risk, and any investment restrictions you may wish to impose. We document these requirements and refer to this as your Investment Mandate. Many clients simply require a balanced portfolio, one that is invested across a broad range of assets, seeking a return from both income and capital growth. Others have specific needs requiring a highly tailored solution. Once we have agreed on your investment requirements together, we then construct and manage a bespoke portfolio on your behalf.

There are four guiding principles that drive our asset allocation decisions and portfolio construction process. We believe adherence to these principles provides our clients with protection and asset growth whether economic growth is faster or slower than expected or whether inflation is higher or lower than forecasted.

Create “All Weather” Portfolios: 

Focus on the preservation and the growth of capital in an absolute sense rather than relative to stated benchmarks. We believe portfolios should be constructed in a manner which allows the portfolio to perform in varying economic scenarios. Since no one can perfectly predict future growth or future inflation, you must be positioned for protection and growth regardless.

Asset Allocation within the Framework of the Overall Financial Picture: 

Asset allocation within the investable assets must account for the risk and liquidity aspects of the “non-investable” assets, such as family businesses, direct “personal use” real estate holdings, fine art, and other collectibles.

Unbiased Institutionally Researched Managers: 

Portfolios are constructed, implemented and monitored at the manager and product level. All pieces of the portfolios—from traditional long-only equity managers to emerging private equity offerings— pass through an institutional due diligence process from world class research firms that we selected based on their particular expertise.

Implement Efficiently:

Portfolios are implemented to deliver efficient and passive low-cost solutions where alpha generation is unlikely, then seeking and implementing the best active managers where generating alpha is possible. Because of our independent advisory structure and our institutional relationships, we have virtually the entire investment universe of managers from which to choose. We add, delete and rebalance among asset classes and managers on a dynamic basis. Alpha measures the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by Beta. Alpha combines the volatility the portfolio's price has experienced relative to the market and the returns the fund has generated relative to the market, to define the "excessive risk" of the fund. A negative Alpha means a portfolio has under-performed its index relative to how much volatility has been shown.