| Our Investment Philosophy |
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Our investment philosophy is firmly grounded in the time-tested principles of asset allocation with the objective of generating predictable and consistent long-term investment results. One of our core beliefs is that asset allocation—how you diversify your assets between stocks, bonds, and cash—is the most effective method to manage risk in a portfolio. We do not engage in market timing or try to outsmart the market. It is our belief that portfolios should not be positioned at the maximum level of risk that our clients can accept, but at the minimum amount of risk necessary in order to meet current liabilities and achieve their most important goals. We believe that portfolios should be managed for tax efficiency throughout the investment process. We review portfolios on an ongoing basis for opportunities to effectively manage the realization of capital gains and harvest any losses where appropriate. Since it is not what our clients make but what they keep that is important, tax-efficient investing is a key ingredient to our overall investment philosophy. |