We offer several types of portfolios that meet specific client needs, from low-cost allocation products that provide market exposure to actively-managed approaches that focus on downside protection and are different than the “me too” approaches found in much of the investment industry.
Many investors are interested in having exposure to different asset classes without paying high fees. Our allocation products are well suited for that approach; we have the investment expertise to craft a customized allocation solution and to evaluate how it should be modified as markets evolve.
For a basic Allocation Portfolio, after discussions with you, we construct a portfolio that has a long-term relationship between risk and return that matches your preferences. We do not blindly adopt allocations from quantitative models, but carefully evaluate the range of possibilities that might occur and tailor an approach that works for you. A portfolio is rebalanced in response to market movements, ongoing communications about your changing circumstances, and the development of new investment vehicles.
An Allocation Plus Portfolio adds tactical asset allocation and a relative value analysis of portfolio alternatives to the approach described above. As a result, the asset management fees and transaction costs are higher than for a basic allocation portfolio, but are potentially offset by the opportunity to capture market opportunities to increase performance.
For investors interested in active management, we provide three types of portfolios. All of them are managed for long-term absolute performance, not short-term relative performance versus market indexes, and feature a focus on downside protection. Therefore, they can be “out of sync” with the short- and intermediate-term trends of the market.
An Equity Portfolio is invested in equity securities and related funds and options traded in the United States, in accordance with a model portfolio approach applied to all accounts of this kind.
A Tailored Equity Portfolio is managed in similar fashion to a standard equity portfolio but incorporates a customization of the allowed investment vehicles to match the specific needs of clients, including the exclusion of certain companies, industries, or types of vehicles.
