Our Philosophy

Cash Flow We believe that our clients need total return, not just dividends or interest. The traditional concept of an "income" portfolio is archaic and places unnecessary and inappropriate restrictions on portfolio design.

Risk and Return We believe each client can maintain a level of comfort if their plan is properly balanced to provide the maximum opportunity for reward without risks beyond the client's tolerance.

Value vs. Growth We believe in both value and growth; not one or the other.

Active vs. Passive We believe in both an active and a passive approach.

Asset Allocation We believe that the right kind and right amounts of assets properly allocated to the portfolio's structure are the primary determinants for long-term investment success.

Re-balancing of the Portfolio We believe allocations of assets need to be rebalanced periodically. All asset groupings do not grow in harmony so the sale of some assets and the purchase of others needs to be made during periodic reviews.

Time Diversification We believe the concept of time diversification is appropriate in its conclusion that the relative risk of increasing equity exposure decreases as the time horizon of the goal increases.

Timing of the Market We do not believe in the timing of the market. We believe if your time horizon is greater than three years, you should accept some of the volatility risks of the stock market. For those needs that occur in less than three years, you should not accept this risk.

Managers We believe professional money managers provide results superior to a client's or wealth manager's direct security selection and management. With rare exception, separate account management (including wrap accounts) is inefficient and expensive.