TAX-EFFICIENT INVESTMENT MANAGEMENT
WE OFFER CUSTOM INVESTMENT SOLUTIONS, TAKING INTO CONSIDERATION THE RISK, COST-EFFICIENCY AND TAX IMPACT TO OUR CLIENTS
INVESTMENT PROCESS
YOUR INVESTMENT OBJECTIVES
We begin with a thorough analysis of your investment objectives, risk tolerance, time horizon, liquidity needs and any specific circumstances unique to you. Whether you are looking for current income, capital preservation or aggressive growth, we will work with you to ensure your investments are best positioned to achieve your objectives.
INVESTMENT POLICY STATEMENT (IPS)
We draft an Investment Policy Statement that defines your objectives, constraints, and preferences. This document serves as the roadmap for portfolio construction and management, ensuring alignment with your goals and expectations.
PORTFOLIO STRUCTURE
Guided by your IPS and informed by economic and market conditions, we recommend a strategic asset allocation—balancing investments across asset classes, sectors, and regions to pursue optimal after-tax returns. If you have specific preferences or exclusions for certain asset classes, sectors, or regions, we customize your portfolio to reflect them.
SECURITY SELECTION & DUE DILIGENCE
We conduct rigorous due diligence to identify the most suitable securities and investment vehicles. Our evaluation considers factors such as historical performance, investment philosophy, process, management tenure, and internal costs.
PORTFOLIO CONSTRUCTION
We build a diversified portfolio designed to best achieve your stated goals. Depending on your needs, this may include individual stocks and bonds, separately managed accounts, mutual funds, ETFs, and alternative investments.
MONITORING & REBALANCING
Once your portfolio is established, we continuously monitor and review it to ensure alignment with your objectives. We meet regularly to assess progress, rebalance as needed, and adjust the strategy if your goals or circumstances change—always with tax considerations in mind.
INVESTMENT CAPABILITIES
EQUITIES
Individual stocks, separately managed accounts, equity mutual funds, equity ETFs, custom direct indexing strategies, global equity portfolios, and option-based income strategies.
FIXED INCOME
Municipal bonds, corporate bonds, government bonds, high-yield bonds, structured notes, international bonds, floating rate bonds, U.S. Treasury securities, and bond mutual funds and ETFs.
ALTERNATIVE INVESTMENTS
Hedge funds, private equity, private credit, private real estate, infrastructure, and managed futures.
MUTUAL FUNDS & ETFs
Institutional share-class mutual funds, index funds, equity and fixed income ETFs, commodity ETFs, currency ETFs, buffer ETFs, and actively managed ETFs.
ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) INVESTING
Sustainable ETFs, sustainable mutual funds, ESG-focused separately managed accounts, and impact investments.
CASH MANAGEMENT SOLUTIONS
Short-term government bond portfolios, U.S. Treasuries, government and Treasury money market funds, and enhanced cash strategies.
REAL ESTATE
REITs and private real estate funds.
Private Market Capabilities
Through our institutional partnerships, we help investors thoughtfully incorporate alternative investment strategies into their portfolios, with a focus on enhancing diversification, managing risk, and pursuing long-term growth.
7 RULES OF PORTFOLIO CONSTRUCTION
AVOID OVERLAP
Overlapping styles and holdings, even among managers, can lead to closet indexing and increased costs — both of which may reduce returns.
EXECUTE HIGH ACTIVE SHARE
Employ high-active share managers or a low-cost indexing strategy — don’t get caught in the middle.
LEVERAGE THE BEST IDEAS
Access an active management strategy through concentrated managers.
AVOID COMINGLING
Use managed accounts where possible rather than co-mingled mutual fund products — especially in active strategies.
AVOID TURNOVER
Do all you can to eliminate unnecessary trading. Turnover in any portfolio is a silent killer — especially inside of co-mingled fund product.
KNOW YOUR JUNK
Allocate to fundamental, bottom-up managers with an extensive due diligence process and help enhance returns by avoiding fund managers that tend to own a lot of junk bonds.
PROTECT THE DOWNSIDE
Reduce drawdowns and help enhance long-term returns through managers that exhibit compelling downside capture metrics.
- Orion
LEARN MORE → CUSTOM FIXED INCOME SOLUTIONS
We offer custom fixed income solutions built with carefully curated portfolios of individual bonds — not pooled funds — giving our clients greater transparency, control, and potential tax advantages. We leverage deep institutional relationships to access high-quality securities, competitive pricing, and specialized market insights, delivering institutional-level capabilities to the clients we serve.
✅AREAS OF CUSTOMIZATION
MATURITY AND DURATION
We set target duration or maturity ranges to align with income needs and risk tolerance.
CREDIT QUALITY
We define minimum or target credit ratings to enhance security and stability.
SECTOR EXPOSURE
We can include or exclude sectors or industries based on client preferences or risk considerations.
TAX PREFERENCES
We will optimize tax-exempt portfolios based on state of residence or tax rate to improve after-tax income.
CASH FLOW NEEDS
We set recurring distributions or other cash flow targets to support lifestyle goals.
IMPACT INVESTING CONSTRAINTS
We integrate environmental, social, governance (ESG), or ethical considerations into portfolio construction.
✅CORE STRATEGIES
U.S. TREASURIES & GOVERNMENT BONDS
Portfolios built with high-quality, liquid government securities to provide principal protection, predictable cash flow, and low volatility.
MUNICIPAL BONDS
Tax-exempt portfolios focused on high-quality municipal issuers, offering federally and/or state tax-free income.
- State-specific portfolios — Customized to align with the client’s state and tax profile for maximum after-tax benefit.
- National exposure — Diversified municipal bonds across the country to balance credit quality, yield, and tax efficiency.
INVESTMENT GRADE CORPORATE BONDS
Portfolios designed to balance income generation with high credit quality, emphasizing issuers with strong financial fundamentals and solid balance sheets.
HIGH YIELD CORPORATE BONDS
Strategies targeting BB and below-rated bonds, focused on delivering higher income through selective credit opportunities where compensation for risk is favorable.
STRUCTURED NOTES
Custom strategies that enhance yield or provide market-linked growth potential. Structured notes may feature downside protection or conditional returns tied to major indices, and are designed to complement traditional bond portfolios while tailoring risk-return profiles to client needs.
FIXED INCOME PLATFORM
We have partnered with Orion to enhance our advisory services with institutional fixed income capabilities, providing our clients access to one of the largest bond dealer networks in the country. Orion brings institutional-class scale and access to our team — offering deep market connectivity and customizable fixed income solutions traditionally reserved for large institutions.
Our commitment is simple: to provide our clients with the institutional capabilities, resources, and strategies needed to navigate today’s complex markets—delivered with the personalized service they deserve.
