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We believe that...
- free markets work and capital markets are efficient over the long term
- market returns are random because the future is unknown
- investment decisions should be based on science and not speculation
- the greatest threats to investor decisions are:
- emotions
- bad information from the media and advisors who sell products
- investor decisions and costs have greater impact on the portfolio than market returns
How we add value
- We help clients understand Modern Portfolio Theory (MPT) which received the 1990 Nobel Prize in Economics
- We quantify client risk capacity by measuring exposure to ten endogenous risk factors
- We establish a target "expected" return with the highest probability of achieving client goals within client risk capacity
- We "engineer" the portfolio with non-correlated, passively managed asset classes (Asset Allocation)
- We build cash flow bond ladders with US Treasury Strips to guarentee funding of base income needs for 15 years (Asset Dedication)
- We integrate tax planning to reduce the drag of costs on portfolio returns (Asset Location)
We are authorized advisors for the use of proprietary, no-load, DFA mutual funds
We are Accredited Investment Fiduciaries
Investment advice begins with a Financial Checkup |
