BUILDING A CLIENT PROFILE
Before we develop an investment strategy for our clients, we first gather relevant information regarding their current investments and short and long-term objectives.

Next, we identify any potential constraints they may face in working toward their objectives. These may include risk tolerance, time horizon, tax implications, liquidity needs, legal and regulatory issues, and other unique circumstances.

This interactive process involves both client feedback, as well as our professional advice. It is this process that provides the foundation for effective asset allocation.

LEVEL OF SERVICE
Knowing what is expected of us is essential in ensuring a successful relationship. Once a client profile is established we identify how our relationship will evolve. This may include portions of our Family Office Services, Foundation Services or may be limited to advice regarding asset allocation and investment management.

ALLOCATION OF ASSETS
Once we determine these objectives and constraints, we then establish an appropriate asset allocation - the portion of the client's assets invested in various asset classes.

These classes may include cash (money market securities), equities (common and preferred stock), fixed-income securities (government, agency, municipal and corporate bonds), real estate and alternative investments (hedge funds, private equity).

SECURITY SELECTION
After the asset allocation is determined, we select those securities which most appropriately conform to the objectives and constraints.
Our equity and fixed income disciplines provide the necessary framework for the security selection process.

MONITORING THE INVESTMENT STRATEGY
Our investment process takes changing client objectives and constraints into consideration.

Once the process begins, we continually monitor our client's needs, the asset allocation and security selection. We then suggest and make changes to ensure our client's investment portfolio is appropriately structured at all times.