Investment Approach: The classical Greek term Praxis,
a word for action or activity, best describes our firm's approach.
Praxis refers to practice that is informed by theory and theory
that is informed by research and practice. Our firm combines
the latest in investment theory and research with a disciplined
process to help our clients preserve, grow and manage their
wealth.
Despite the quickened pace of modern life, we view investing
as an organic process that takes time to mature, sprout and
bear fruit. In addition to investment performance, we consider
an investors behavior to have a major impact on the
management of his/her portfolios. The way you frame your financial
issues, your expectations for outcomes, and your tolerance
and ability to withstand market volatility influence the performance
of your portfolios significantly.
Investment Process: Our firm utilizes a proprietary
process Strategic Portfolio Design, which begins by
conducting a "Financial Check-up" with a detailed
inventory of your finances and experience. We then develop
your individual financial profile, which outlines your financial
needs and goals. After conducting our Risk Assessment and
Risk Tolerance Analysis, your customized Investment Policy
and Plan is developed. This is a collaborative and often iterative
process; we may start from the intended future and build to
the present with a road map of how to get there. This collaborative
design process allows us to develop and execute a specialized
plan for each client.
Our individual portfolio construction is based on Core/Satellite
Portfolio structure, utilizing tax-managed indexing. We view
ourselves as a manager of other managers on your behalf. In
addition we may select individual securities from time to
time. For taxable accounts we use active tax management and
tax loss harvesting strategies. While no one can predict the
future with reliability, we often conduct simulations and
sensitivity analysis to account for many possible outcomes
and their impact on your financial well-being.
Investment Management: Account performance is regularly
monitored and adapted as circumstances in the world and your
life evolve. We manage for compliance with your Investment
Policy, control risk, and evaluate the underlying investments
for minimizing expenses and optimizing after-tax investment
returns. We find robust and sustainable solutions that we
can improve upon over time to account for you and your family's
individual circumstances.
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