Managing Investments

Your portfolio will be individually constructed to meet your particular needs, goals and risk tolerance, and is managed to potentially maximize tax efficiency and after-tax returns.  Companies that focus on innovation, market share gain and tight cost management tend to grow over time.  Holding their stocks, which will likely appreciate over the long term, could realize the power of compounding, minimize trading costs and avoid capital gains taxes.  Portfolio holdings are closely monitored and they are often liquidated in the event their fundamentals deteriorate.

To meet your preference for capital protection, liquidity and income, your portfolio may include high-quality fixed income investments such as cash reserves, money market funds, treasury bills, government bonds, corporate bonds and taxable or tax-free municipal bonds.