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In short, we love what we do. Our team shares enthusiasm for investing and for successful client experiences rooted in communication, education, and results.
Our extensive experience across all asset classes benefits clients who seek a diversified, dynamic and efficient investment program. We understand how to manage investments and how to work with other advisors. We have served on endowment, foundation and family office boards, and we appreciate the decisions that clients need to make. Furthermore, we understand how to successfully manage an investment advisory firm because we have proven experience in doing so.
We work closely with clients to understand their goals and to build a comprehensive investment program that is designed for their unique needs and risk tolerances. We do not try to fit a client's investments into a preconceived product or program.
Our open-architecture approach allows us to evaluate and utilize "best in class" managers whom we choose based on research and conviction, not because of any type of remuneration. We do not receive any commissions, soft dollars, or direct or indirect payments from investment funds, money managers, or service providers. Our single source of revenue is our advisory fee from clients.
As an independent organization, our sole focus is on our clients' best interests.
At the core of our responsibility to our clients is the ability to manage risk. To us, managing risk includes both controlling it and making sure that the level and types of risk are as transparent and predictable as possible. There are multiple tools that we incorporate into the risk management process. Our proactive investment process begins with a study of the macro-economic environment and investment landscape, which guides the framework for our allocations. At times this leads us to contrarian views on risk factors such as credit spreads, asset class valuations, volatility, and inflation. We believe that a customized long-term strategic asset allocation plan is critical to successful client outcomes, and that small tactical shifts with respect to both this plan and the implementation of external managers can both potentially enhance long-term returns and dampen portfolio volatility.
Another means of risk management that we focus on is our use of alternative investments. Some alternatives are used to add additional market exposure while others are used to hedge that exposure. In most cases, alternative investments allow us to pinpoint specific factor exposures that we want to target or steer away from. This ability to more narrowly define the factors for which we have conviction is another way to manage and control risk. Collectively we have significant exposure within the realm of alternative investments, as we have been utilizing them for many years and have both managed a hedge fund of funds and run a single strategy hedge fund firm.
In addition to investment advice and monitoring, we provide our clients with robust performance reports that include customized benchmarks. These, along with regular reviews of the client's individualized Investment Policy Statement and frequent market commentaries, provide a framework for regular communication where investment performance is reviewed and explained, and goals and expectations are reinforced.
- Clients come first.
- Our reputation for excellence and the highest ethical standards is critical.
- We hire the highest caliber of people and work with managers whom we trust.
- Our independence provides the best investment outcomes for our clients.
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