Wealth Management is the combination of solid financial planning and coordinated investment management. Our investment philosophy is centered on an efficient market view of the stock markets. In this view, the best way to add value over conventional benchmarks is to structure portfolios along the dimensions of expected returns. For equity portfolios, expected returns are increased by giving greater weight to small cap, low relative price, and high direct profitability firms. If you try to invest by hiring a money manager to capture mispricings, you have a difficult challenge: First, you have to be able to identify successful managers in advance, and second, you have to hope that any fees they charge are reasonable.
We believe that our philosophy provides a better investment experience. Our approach is transparent and easy to explain because it relies on basic valuation methods and extensive empirical research, and it is validated by a long track record of implementation.