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Our firm provides a full range of investment management services to individuals and small businesses and professional practices.
The focus of our efforts is on long-term strategies. Investment success requires that portfolios be structured to provide competitive long-term returns at reasonable and tolerable levels of risk.
Create a Plan and Use It
Investors who do not have a plan usually find themselves short of their goal. We draw a clear investment plan based on your individual needs and objectives. Then, we implement and follow it closely keeping tabs on progress. We help you remain consistent and disciplined because impulsive changes can be devastating to your results. Your outcome will be determined by your ability to stay on course.
Investment Approach
We use Dimensional Fund Advisors (DFA) funds for our clients' portfolios. DFA funds are available only through selected investment advisors and institutions. Importantly, DFA funds have been endorsed by the American Law Institute for the responsible management of clients' funds.
The availability of DFA funds to structure new or further diversify existing portfolios is a significant advantage for our clients. DFA funds provide us with the ability to:
- capture a particular "dimension" or asset category, and
- structure diversified portfolios to provide the potential for higher expected returns.
DFA funds are not our exclusive source for implementing or managing our recmmended investment program for our clients. Whenver tax considerations make it appropriate, we retain low-cost basis securities in portfolios.
Diversified Portfolios
We structure diversified portfolios of stocks and bonds for a combination of capital appreciation, income, and reduced volatility.
However, the return/risk relationship between the various major asset classes periodically changes. Accordingly, we seek to enhance total return by rebalancing the weightings among the major asset classes in response to these changes in expected return.
By focusing on the steady multiplying effect of consistent returns, the potentially devastating consequences of significant declines in stocks can be reduced...
Bonds
The purpose of bonds is to produce a steady stream of income, preserve capital, and provide liquidity. We focus on investment-grade issuers. We do not speculate on credit risk or issuer quality.
To best accomplish this, we "ladder" maturities. Laddering involves structuring maturities so that some bonds will mature each year during a defined time frame. A ladder of short-to-intermediate maturities tends to produce yields comparable to longer maturities but with greater price stability.
Matching the maturity of specific bonds to the timing of a known need in the future assures that required funds will be available when they are needed.
Concentrated Holdings
Stock options held in corporate pension plans, and restricted control stock can all result in significant risk and create unexpected liquidity problems, especially when they represent a substantial portion of your overall wealth.
We can develop strategies designed to insulate your investment from market volatility and reduce your risk while allowing you to benefit from subsequent appreciation.
Reporting & Custody
Periodic reviews and evaluation provide us the opportunity to discuss the management of your portfolio and make any alterations that may be needed.
We maintain an in-house portfolio accounting system which gives us immediate access to information on your portfolio holdings, tax information and cost basis. At year-end, we provide an organized tax-report that summarizes year-to-date totals for both short- and long-term capital gains and dividends to assist you with your tax preparation.
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