Our balanced investment style centers on the proven benefits of asset allocation.  We can manage to any existing allocation policy, or help clients develop the policy that best meets their needs.  The mix of securities selected is adjusted proportionately to the client's specific range.

When developing allocations, we use a structured methodology incorporating three inputs to help us develop an accurate appraisal of the risk/return potential:

1.  A relative value model (stocks v. bonds) allows us to determine an expected equity return premium, which we can then compare to long-term averages.

2.  Valuation (relative to history) helps us to determine whether asset classes are over- or undervalued.

3.  We assess liquidity by examining monetary trends, as well as the level and direction of short-term interest rates, to determine the economy's effect on financial markets.

Judgment on the weight of the evidence from these methodologies translates to an allocation of stocks and bonds.