Investment Management

“We believe in a flexible approach that adapts to market conditions and the needs of our individual clients.”

Over many years of managing client assets, we’ve developed core tenets of investing that we stand behind as fiduciaries for our clients. Paradoxically, one of those tenets is that no single approach to asset management is always best. Instead, flexibility is our strength, allowing us to adapt to market conditions while addressing the needs of individual clients.

Active vs. passive investment management

We’ve found both active and passive investment management styles are appropriate in different circumstances.

• Active management typically refers to the use of an investment manager or management team who actively manages a fund’s portfolio.
• In contrast, passive management, often known as index investing, involves no human intervention. A passively- allocated fund holds investments that aim to mirror the performance of an index.

Strategic vs. tactical asset allocation

Investment categories such as:

Strategic asset allocation — known commonly as the “buy and hold” approach — creates target allocations of stocks, bonds and cash appropriate for each client.

With this approach, the portfolio is rebalanced periodically to keep investments aligned with the targets. We use this strategy to create core holdings — investments we feel make appropriate anchors for your portfolio as longer-term investments.

Tactical asset allocation is a more dynamic strategy that actively adjusts a portfolio’s allocations. Given the outlook and research created by our Investment Committee, we may identify areas of the markets where we want to overweight or underweight.