take a more conservative approach to
investing, while still taking the
appropriate amount of risk to achieve a
reasonable rate of return. We generally
take a more value approach and also use
a "Growth at a Reasonable Price"
approach to our growth sector. We stay
well diversified globally and by
security type, and do not believe that
market timing is the solution.
We tend to favor
some sectors during different economic
cycles. We may overweight utilities or
consumer staples during periods of lower
growth, and retail sectors during
expansion periods. We tend to not
overweight sectors more than 10%-20% of
your equity position. We may also look
for value in non-favored sectors, and
tend to stay away from chasing returns.
invest in low cost, highly rated mutual
and exchange traded funds. Funds are
selected based on factors including
Morningstar ratings and analysis, the
fundís recent and anticipated
performance, consistency and drift, and
most importantly, long term performance.
We may also hold
individual securities, depending on the
client needs and expectations. Although
we will not hold the majority of the
portfolio in individual securities, a
portion may be practical for our
clients. These securities tend to be
income producing, or where we and the
client believe there are unique market
opportunities to exploit.
We take a
conservative approach to individual
bonds and bond funds. We will usually
purchase and hold bonds until maturity,
usually employing a ladder technique.
Unless otherwise prudent, we tend to
favor shorter duration bond funds that
have less risk of principal erosion,
especially during a low interest rate
We believe in your economic future
as well as the
future of our natural resources.
Therefore, when practical, we will
invest a portion of the equity position
into the renewable resource sector. This
sector includes alternative energy and
those companies investing in "cleaner
and greener" solutions for our