​Investment management is part art and part science; the idea is to seek consistent, reasonable returns using skill and judgment over time to achieve return objectives. 

Within a well-functioning market, investors can expect to get compensated for the risk they take in participating. The capital markets (stocks and bonds) do work, and they allow businesses and governments the means to raise long-term funds so that commerce can exist. Investors can embrace the risk of the capital markets in hope for a future return on their investment. When investors receive a dividend, an interest payment or the value of an investment increases over time, it highlights the benefits of participating in the capital markets. It’s important to keep in mind that there’s risk and uncertainty in the markets and that historical results may not be repeated in the future. In the end, investors demand a positive expected return. Otherwise, they wouldn’t invest.

When you consider the long-term threat of inflation, not investing means taking risks, too. If you don’t grow your money, you may not be able to afford things in the future. One thing to note is that not all stocks, bonds, or other investment vehicles are the same. They each carry a different potential for reward and a different risk profile.  Markets and therefore investment returns can be very unpredictable, volatile and behaviorally fickle–in the short run.  Recent market and economic events provide an indelible reminder that investment returns do not happen like clockwork.  

​My goals when investing for clients are to attempt to preserve principal, add value by containing/minimizing downside risk, and to seek opportunity when market conditions seem favorable.  Making money and keeping it are equally important.  ​​

Our investment portfolios are built off decades of academic research and practical implementation. We help investors pursue higher expected returns using a dynamic approach that integrates academic research, intelligent portfolio design, and cost-effective portfolio management. Markets throughout the world have a history of rewarding investors for the capital they supply. Our goal is to help investors benefit from what these markets offer.

Having an appropriate mix of investments (asset allocation) is essential to diversify and manage portfolio volatility.  Broad diversification plays an important role in delivering reliable investment outcomes. Client portfolios may hold various investment securities, including open and closed-end mutual funds, passive and sector-oriented Exchange Traded Funds (ETFs), individual stocks and fixed income instruments, FDIC insured CDs and certain passive investments for broad-market exposure. A financial plan that takes advantage of sensible, well-diversified, low-cost portfolios frees you to focus on what matters most to you.