Investment Philosophy
We serve clients with a wide variety of investment objectives, but as advisers, we cannot be “all things to all people”. It is our mutual responsibility, working with the client, to clearly define those objectives. If they are achievable within our investment philosophy, we prepare investment policies that will realize the client’s goals.
Time is the single greatest factor influencing investment
performance, but the proportion of
fixed income, stocks and cash equivalents in the portfolio is the most
important investment policy decision affecting investment performance. We seek to maximize returns with an asset
mix suited to the time imposed by the client’s objectives.
Experience has shown that a portfolio managed to outperform
the market on a quarter-by-quarter or annual basis will not consistently exceed
the returns of a portfolio managed with long-range objectives. We do not advise our clients to assume
additional risk in the hope of improving short-term performance.