approach

We recognize that financial science is not law.

Historical data (including past performance and risk metrics) offer limited meaningful insight, at best, about what the future may actually hold. We are cautious about what “lessons” should be learned from history and necessarily make allowance for how different the various “potential futures” might look from the past. Economic forecasts are inherently limited, as even perfect economic foresight can translate into disappointing investment results.

Consistent with these perspectives, we do not make claims to possessing proprietary or exclusive knowledge about the future. Rather than attempting to time markets, exploit anomalies, opportunistically rotate into and out of sectors and industries, etc. (collectively, "Active Management"), our goal is to capture market returns efficiently and enhance these returns methodically through quality portfolio construction and a rigorous discipline to a well-designed plan. We believe that “active management,” in contrast, is costly and largely counterproductive.

Rather than relying on prediction, we focus on elements of an evidence-based, prudent investment strategy, which we believe to be the winning strategy: capturing global market returns across diversified sources, cost-efficiently, and properly managing for risk, taxes, and other critical focal points. Our philosophical core, in conjunction with our deep understanding of sound investment principles, attention to cross-functional planning opportunities, and properly aligned business interests, provide an ideal foundation for a valued, long-term relationship with our clients.