News & Insights

People often wonder if we don’t pick individual stocks or money managers that can beat the market, what do we do? We believe that there are a number of other things that are more important to managing investment accounts and realizing good performance. Write Investment Policies. Every client of our firm has an investment policy… Read More >

Our investment philosophy is based on a few guiding principles. Risk and Return are Related. Markets are relatively efficient; to achieve higher returns, one must take more risk. Risk as a Focus. Choice of investments should be based on ability to bear risk through good markets and bad, not just on desired return. Spending policy, time… Read More >

Fixed income investments are frequently utilized to reduce risk of the overall portfolio. To reduce risk, the investments selected typically have the highest credit quality (AAA) and shorter duration (<5 years). However, particularly for portfolios where taking large equity risk is not appropriate, exposure to a broader range of investment grade bonds may be desirable… Read More >

Investment professionals deal in risk and return, which under modern finance theory are inextricably linked. An interpretational problem arises, however, from the fact that risk and return are usually expressed on different scales: return is expressed in percent per year, and risk is expressed as standard deviation from the mean return. It is desirable to… Read More >