Investment Process
We counsel clients to tailor an investment policy appropriate to their unique needs and circumstances. Each investment policy is based on the client’s specific return objective and risk tolerance. As a result, the client’s asset allocation is determined by his or her unique investment policy.
Security selection is based on three factors using our own disciplined stock selection process.
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Initially, we emphasize fundamental analysis focusing on forward earnings, free cash flows and financial strength using both primary and secondary research.
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Valuation analysis is then utilized to further identify those ideas that appear to be attractively valued.
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Finally, our long-term outlook combined with an assessment of current market trends guide our purchase decisions.
Frequent monitoring of market conditions, portfolio positions and security holdings allows us to effectively track performance relative to expectations. Company and industry fundamentals are continually evaluated for either secular changes or deterioration in future prospects. Portfolios are rebalanced to maintain the appropriate investment objective for each client while minimizing portfolio turnover and stressing income tax efficiency.