Equity management is the implementation of our stock selection process against a client’s return objectives and risk profile. In order to mitigate individual stock risk, we create a diversified portfolio of holdings across industries.

While we concentrate on large companies, we selectively populate our portfolios with medium and smaller companies where client circumstances and objectives warrant. These emerging growth companies must have the potential to become large companies to deserve our attention. Our goal is to generate higher returns by selecting companies with the potential to rapidly grow their business for the foreseeable future. By owning companies we believe could be tomorrow’s leaders, we strive to generate high returns, with the trade-off being possibly higher volatility in the near term for our more aggressive clients.

We strive to preserve capital through several methodologies. We manage equity portfolios that are diversified across industries and companies. We are careful in our initial deployment of a client’s capital and buy stocks only when they are selling at a discount to our estimate of underlying business value. We sell companies if we anticipate deteriorating business results or if investor enthusiasm for a stock pushes to a level, which we believe, can no longer be justified by the underlying fundamentals of the business.

















Balanced Portfolio Management




While history has shown that equity investments outperform fixed income strategies over long periods of time, a balanced portfolio offers clients a higher current yield, with less volatility. A balanced portfolio contains both stocks and fixed-income securities chosen in a mix appropriate for the client’s need for capital preservation, cash flow (taxable or non-taxable) and growth. Our balanced portfolios are deliberately established with an agreed-upon range of asset allocation between the portfolio manager and the client. We then manage each asset class based on our interest rate outlook and the relative attractiveness of stocks and bonds. Finally, for income-oriented clients, a balanced portfolio enhances overall portfolio yield.