Investments
Invest with evidence
Evidence guides how we invest. We combine investment expertise and research-driven strategies to develop bespoke portfolios around your goals, risk tolerance, tax efficiency, and time horizon, drawing on our model portfolio approaches and a variety of asset classes to pursue higher expected returns.
The portfolio begins with understanding you
Your portfolio should reflect the job your financial assets need to do.
We consider your goals, risk profile, time horizon, and the role your investment capital needs to play, then shape the portfolio based on the relationship among your existing investments,
asset location, tax circumstances, and the role each investment plays in your broader financial strategy.
We incorporate current holdings into our analysis and consider how they contribute to the portfolio as a whole. When changes are recommended, we evaluate their broader implications, including the potential tax consequences.
A broader investment perspective
Stocks and bonds are the foundation of many portfolios, but they are not necessarily the entire opportunity set.
We consider real estate, infrastructure, commodities, private equity, hedge funds, and other alternative investments when their expected return, risk, and cost justify a role in the portfolio.
These asset classes can provide additional sources of diversification, growth, and inflation protection, each contributing a distinct role to the portfolio as a whole.
Research-driven investing
We use factor-based strategies across most of our asset classes where financial research supports their potential contribution to expected return and diversification.
Factors such as value, size, profitability, momentum, and carry provide additional dimensions for portfolio construction. Financial research has identified these characteristics as well-documented sources of expected return, helping us construct portfolios with more deliberate exposure to the potential drivers of long-term returns.
Fixed income, efficiently diversified
Fixed income can provide income and a source of stability within a portfolio. Credit quality and duration can influence fixed-income returns and risk, but we generally favor broad diversification across credit quality, maturities, and sectors and seek to capture market returns without paying more for alternative approaches.
Evidence, applied with judgment.
Investing is not about finding the investment that performed best yesterday.
It is about evaluating what may reasonably earn a place in the portfolio tomorrow, given expected return, risk, diversification, cost, taxes, liquidity, and how each investment fits within the portfolio as a whole.
We bring analysis to those choices, explain the alternatives, and provide the perspective needed to make informed decisions.