Portfolio Management
Portfolio management is the application of the client’s investment objectives. However, this requires more than buying and selling securities to achieve the desired results.
We provide each client with a lead or primary investment counselor to supervise the portfolio and a secondary counselor who is familiar with the portfolio and the policies guiding its investments. This system gives our clients continuity of management and personal contact with us.
The securities, both equity and fixed income, in all
portfolios, are under continual supervision.
As recommendations for purchases and sales are made, we contact the
clients for whom the recommendations are relevant.
Recommendations are carried out after consultation and with
the approval of the client, or depending on the investment authority, at the
discretion of the advisor.
Communication is essential to a productive investment counseling relationship. Our clients receive a report giving cost, market value, indicated income and yield at least quarterly. We encourage our clients to call or visit us to review their investments and discuss changes in their financial affairs. Frequent and in-depth contact with our clients insures the quality service that has been our hallmark for over 75 years.