We focus on long-term preservation and growth of capital through appropriate asset allocation. We typically pursue growth by investing in common stocks of companies that have demonstrated consistent earnings growth, and in most cases, consistent dividend growth as well. Continued growth in earnings should drive value over time. High-quality bond investments are made to provide stability and enhance income. Most important, investments need to be made at attractive prices and each investment needs to reflect a favorable risk/reward ratio.
We begin the investment process by developing a customized investment plan for each client. Each plan is reviewed on a regular basis and may change depending upon market conditions and changes in your personal circumstances. In determining the best asset allocation for each client, we consider the following:
We look to invest in strong businesses at a discount to their underlying fundamental values. We employ a highly disciplined process that is driven by bottom-up fundamental analysis. To manage risk, the portfolio is diversified across varied industries. Our core equity holdings generally reflect the following characteristics:
We focus on high-quality tax exempt and taxable bonds, depending on the client's tax rate. We view the fixed-income portion of one's portfolio as adding overall stability and enhancing income. To manage risk, the portfolio is adequately diversified. Our fixed-income portfolios generally reflect the following characteristics: