About Our Firm

OUR INVESTMENT PHILOSOPHY

The following concepts are the cornerstone of our approach to investing:

• Diversified, Strategic Asset Allocation. A defined investment portfolio policy is a key determinant of long-term portfolio performance. We do not believe in the concept and practice market timing. Instead, we believe in maintaining a diversified portfolio consisting of a defined mix of stock, bond, and money market funds. This portfolio is strategically allocated according to the client’s time horizon and risk tolerance. Such an allocation is revised only infrequently in response to changes in: client objectives, time horizon of the objectives, risk tolerance, and any significant longer-term economic / market activity. We also believe in rebalancing to the original strategic allocation within defined percentages, while minimizing the influence of taxes and transaction costs.

• Time Horizon. We believe that the relative risk of stock exposure decreases over time. We do not believe that a stock -or bond- investment should be made for a goal that is less than a five-year time horizon. Funds needed in less than five years should be predominantly in cash or short-term fixed-income investments (ie., Treasuries, CDs) with maturity dates less than the objective time horizon.

• No-Load Investment Vehicles. We believe that consistently well-managed no-load mutual funds from reputable investment companies offer the best value for a successful investment portfolio over time. In addition, carefully selected no-load stocks can serve as a useful supplement to such a portfolio.

• Growth vs. Value. We feel that, over the long-run, value stocks provide better performance. However, there may be certain time periods when growth stocks perform better. Therefore, we strive to include an appropriate portfolio mix of value and growth stock investments that is in line with the objectives and risk tolerance of the client.

• On-Going Portfolio Monitoring. We firmly believe in a regular review of a client’s financial situation and investments to determine if they are contributing to progress in the direction of achieving their financial goals. This is accomplished by an annual review of the client’s portfolio on an annual basis, along with quarterly performance evaluations. This ensures that the client remains “on course” and does so with a minimum amount of emotional stress.