Our Investment Philosophy

Our investment planning starts with a financial plan snapshot of our client’s current situation.  Without understanding where clients are at any point in time towards achieving their financial goals, we feel it is nearly impossible to recommend a portfolio.  Hence, we complete a financial plan for all of our clients and update it semi-annually or annually whenever we meet.  Knowing where they are along the road to meeting their goals, knowing their time horizon, liquidity needs, and risk tolerance, only then can we recommend a portfolio.

We believe that markets are mostly efficient.  This means that the market has incorporated all of the available information about a security and that securities are generally fairly valued.  However, inefficiencies in pricing of securities do occur at times, commonly because of human behavior.  We believe that mutual fund managers and third party asset managers with good, long-term track records have shown investors enhanced rewards over time.  Therefore, we manage portfolios as strategic allocators using active managers.  We let these managers decide when to buy or sell; we are not tactical allocators.  For those clients who are interested in owning individual stocks, we also offer a stock strategy as part of their portfolio.

We also believe in the endowment model of investing.  We recognize that other asset classes such as institutional-quality commercial real estate, private debt and private equity, and equipment financing and leasing funds offer further diversification1 from just domestic and foreign stocks and bonds.  Over the past ten years, numerous opportunities have become available to retail investors that previously were only available to institutional and high-net worth investors.

We believe that each individual tolerates risk differently, and there is a balance to be achieved at the intersection of our client’s objectives and their comfort. Our investment philosophy begins with knowing our clients.


1Using diversification as part of your investment strategy neither assures nor guarantees better performance and cannot protect against loss of principal due to changing market conditions.

Alternative investments are often speculative, lack liquidity, lack diversification, are not subject to the same regulatory requirements as mutual funds, may involve complex tax structures and delays in distributing important tax information, and may involve substantial fees. These products often execute trades on non-U.S. exchanges. Investing in foreign markets may entail risks that differ from those associated with investments in U.S. markets.  These investments may not be appropriate for all investors. 

Investing in real estate entails certain risks, including changes in: the economy, supply and demand, laws, tenant turnover, interest rates (including periods of high interest rates), availability of mortgage funds, operating expenses and cost of insurance. Some real estate investments offer limited liquidity options.