Portfolio Construction
Portfolio Measurement
We measure portfolios across a full economic cycle and through our anticipatory approach seek to achieve above-market returns on a risk-adjusted basis.
Communications Approach
We take an educational approach, sharing information with our clients to influence our investment decisions. We provide regular reports to offer clients genuine insights into the management of their finances.
Analysis of Fundamentals
We delve into the underlying businesses where our clients’ investments are placed, highlighting their unique aspects and performance. Through our quarterly reports, we provide in-depth analysis on a single topic directly relevant to our investment process.
Wealth Preservation
Considering the myriad investment options available to our clients, we earn the privilege of helping to safeguard a portion of their wealth by seeking to consistently deliver positive outcomes. We approach our clients’ financial goals with integrity, authenticity and humility.
Discovery & Due Diligence
- Values, Personal & Family Goals
- Financial Goals
- Return Requirements, Risk Tolerance, Time Horizon
Analysis & Approval
- Detailed Analysis of Personal Financial Information
- Financial Stress Test
- Coordination with Legal & Accounting
- Incorporate Values/Goals
Implementation
- Investment Policy Statement
- Portfolio Construction/Asset Allocation
- Monitor Market Conditions & Investor Circumstances
Ongoing Evaluation & Reporting
- Performance Measurement
- Rebalance/Optimize
- Portfolio – Assess Appropriate Asset Weightings vs. Performance
- Monitor Market Conditions
- Quarterly/Annual Reviews
Skepticism and pessimism aren’t synonymous. Skepticism calls for pessimism when optimism is excessive. But it also calls for optimism when pessimism is excessive.HOWARD MARKS