Designing an Investment
Your individualized strategy consists
of several steps, the first two of which largely define a portfolio’s
which asset classes will be represented in the portfolio.
the long-term “target” weighting of each asset category
in the portfolio.
the range within which the allocation of each asset class can
be altered in order to enhance performance.
securities within each asset category. The primary requirement
for selection is that the security is truly representative of
its asset class. Using a mix of passive and actively managed
mutual funds, we screen for asset class consistency, tax efficiency,
fees and expenses, and risk-adjusted performance relative to
benchmark and peers. Individual stocks and bonds may also be
Once an investment strategy is in place,
periodic rebalancing is necessary.