Investment Process
Investment Philosophy
I prefer an elegant approach to portfolio construction and strive for simplicity and efficiency. With guidance, my clients learn to see through all the noise, and focus their attention on what matters and what they can control. Certain client situations will warrant additional sophistication and I leverage the intellectual capital of Equitable Group as well as our other global partners to meet those needs.
To satisfy the investment goals of both passive and active investors I employ holdings across the following investment product spectrum;
- Individual Stocks / Muni Bonds / Corporate Bonds / Gov. Bonds
- Mutual Funds / Index Funds / ETFs (Exchange Traded Funds)
- UITs (Unit Investment Trusts) / CEFs (Closed End Funds)
- Structured Notes / CDs
- REITs / Alternative Strategies
- Tax Deferred Annuities
Investment Strategy - Asset Allocation - Education
I work side by side with my clients during their portfolio construction and over time, to set clear expectations for the anticipated behavior of each individual investment that we place into a diversified portfolio.
This practice is invaluable in facilitating a successful client experience and helps clients make intelligent and educated investment choices over time, most importantly during high stress and difficult moments in the market which are unavoidable.
With my partners I analyze the effects of asset risk, correlation, and diversification of expected portfolio returns. This statistical approach is based on Harry Markowitz's Nobel Prize winning "Modern Portfolio Theory".
Asset allocation is the process of dividing an investment portfolio among different asset categories. This diversification serves our clients well in our goal of providing a mix of investments that do not all behave the same way at the same time. Thus, allowing for client spending needs, opportunities, or emergencies that will arise through many different market environments and cycles.
Asset allocation also provides a framework for rebalancing positions over time and incrementally adding value by "selling high" and "buying low". In execution, this calls for the discipline to sell currently popular or “expensive” holdings, to purchase currently unpopular or “cheap” holdings that we like on the longer term.
My belief that no investment will permanently outperform creates a forward thinking outlook and an approach based on discipline which does not allow for big bets or for abandoning a long term investment thesis. As an “asset allocator”, I implement tactical portfolio shifts when inefficiencies in markets present appealing opportunities for my clients. These opportunities are most often created by market volatility based on short term investor sentiment and behavior.
Investment Implementation
I will provide real time and reliable information to help guide investment decisions. I do not take part in the “Investment Du Jour,” and we do not make decisions based on magazine articles or social media headlines, preferring the discipline and time tested strategy of asset allocation and rebalancing based on solid research and “real” metrics.
I obtain the data points needed to assist us in making informed decisions. Then, I communicate this information to you, in the learning style that you prefer.
It is with purposeful conviction that we do not silo ourselves within certain viewpoints or information outlets. I have aligned myself with several investment partners who hold varying viewpoints that challenge one another. This debate provides a platform to create well balanced views and well balanced client portfolios. These partners include individual advisors as well as corporate partners and we review each investments progress in meeting your individual goals.
We believe diversity of opinion strengthens your portfolio!
Generally, investments should be given a full market cycle to achieve stated objectives, therefore greater weight will be given to three and five year performance. Investments that are not behaving as anticipated will be carefully evaluated to determine what action is warranted.