Investment Planning and Portfolio Management
For individuals
and families with portfolios of $1+ million
| "For most investment managers,
portfolio management is neither art nor science. It is instead a very special
problem in engineering, of determining the most reliable and efficient way of
reaching a specified goal, given a set of policy constraints, and working within
a remarkably uncertain, probabilistic, always changing world of partial information
and misinformation, all filtered through the inexact prism of human interpretation." |
|
—Charles D.
Ellis |
Policy-making and asset allocation are the principal factors focused
upon which influence an investment program's long-term results. They are the
means by which you can establish direction for your investment programs and control
how they are to be managed. Our firm uses proprietary models to develop asset
allocation recommendations that reflect your unique financial and investment
circumstances.
Cypress Praxis, LLC draws upon ongoing capital markets research and policy
modeling capabilities to develop strategic policy advice. We work with you to
develop investment objectives that reflect your risk tolerance and recognize
your liquidity needs while providing for the level of asset class diversification
needed to meet your investment needs and goals. We focus on the allocation of
funds among various asset types to develop a sensible combination of favorable
long-term after-tax return, risk control, inflation protection, liquidity, and
flexibility.
We work with you to implement your asset allocation decisions in a way that maximizes
the likelihood of meeting your investment objectives. Strategies are implemented
with the most effective combination of investment managers, including the number
and type of managers, manager style, active/passive and generalist/specialist
managers. We favor uncomplicated investment structures that incorporate appropriate
risk control measures. At times we also invest in individual securities.
Investment managers are monitored on an ongoing basis. This process entails quarterly
analysis of performance and portfolio characteristics, personal meetings at least
annually, and numerous conference calls throughout the year. The goal of this
monitoring process is to assess organizational stability, consistency of investment
approach, professional turnover, growth in assets under management, and other
factors that can influence performance. |
