Investing Philosophy

Our clients look to us for thoughtful investment solutions reflecting the realities of today’s global markets. We believe the portfolio workhorse of the past 35 years—a globally diversified stock/bond mix—will no longer protect investors the way it has historically. World equity markets now seem to move in lockstep and bond markets are vulnerable to rising interest rates. As such, simple global diversification of stocks and bonds leaves investors exposed to much greater risk. New thinking is required.

When building portfolios, we emphasize knowledge and the unique insights that a significant resource commitment to research and analysis provides. We believe a combination of active and passive strategies is the most thoughtful and effective way to seek return, manage risk and minimize investment fees and taxes. We construct portfolios which are fee- and tax-conscious and keenly focused on managing volatility. We offer an approach utilized by some of the country’s more seasoned and successful institutions. Our clients’ portfolios are exposed to a wider range of options encompassing traditional investments and highly selective exposures to complementary, less-correlated investments like Private Equity, Treasury Inflation Protected Securities (TIPS), Real Estate Investments, Hedge Funds, Oil and Gas Limited Partnerships, Farming, Timber, Natural Resources and Infrastructure. Generally, these types of non-traditional investments have been shown to provide significant diversification benefits to investors because their movements are less correlated to the major markets. Yet, with proper manager selection, they can offer increased returns to investors over time.