What does a relationship begin with?
An introductory conversation about your objectives, current structure, important constraints and what you want an investment relationship to improve. No portfolio recommendation should precede a clear understanding of the investor.
Are portfolios customized?
Portfolio design is based on each client’s time horizon, liquidity, risk capacity, tax considerations and broader financial circumstances. The degree of customization depends on the mandate and applicable agreement.
How do you define risk?
We look beyond short-term volatility to permanent capital loss, inflation, concentration, illiquidity and the risk that a portfolio cannot meet the obligations assigned to it.
How often is the strategy reviewed?
Portfolios are monitored on an ongoing basis and reviewed in the context of market conditions and client circumstances. Material life, business or institutional changes should prompt a discussion whenever they occur.
Do you provide tax or legal advice?
No. We can coordinate with a client’s attorneys, accountants and other professionals, but clients should rely on those professionals for legal, tax and accounting advice.