Selecting the Right Investments

As your financial guide, part of our job is finding investment vehicles that maximize the probability you will arrive on schedule.

• We tailor our advice to your particular situation. Each client receives individual attention, and every portfolio we supervise is unique. Illiquid and non-conforming assets, dedicated accounts, and special ownership or custodial arrangements can all be accommodated.

• Financial instruments should not be evaluated in isolation, but in terms of their impact on the overall risk/return profile of the portfolio. We have the resources, experience, and understanding to perform the necessary calculations.

• We take a global approach to investment opportunities. We combine the many factors of investment return — growth versus value, domestic versus international, fixed income versus equity, small stocks versus large — in an integrated whole, structured to meet your needs.

Keeping Costs Under Control

Investing involves numerous and pervasive costs. We are adamant in our drive to minimize expenses:

• Institutional funds provide reliable access to the world’s financial markets through strategies developed by leading financial economists. These funds charge less than retail funds or private money managers, but are not generally available to the investing public. We offer clients access to low-cost institutional funds.

• Some financial instruments impose layers of obscure fees. Sometimes the fees are explicitly divulged, sometimes they are hidden in reduced returns. We find them, and where possible, eliminate them.

• Tax management is a key aspect of controlling costs. We analyze securities in terms of their tax impact. All trades we develop consider taxes. We work with clients to reduce their tax liability where possible. Our detailed gain/loss reports can save clients and their tax advisors hours of time.

Our relentless focus on reducing expenses boosts net returns. We frequently identify cost savings that exceed our annual supervisory fee.