Our approach to managing client assets combines growth of assets with preservation of client capital. We do this by structuring balanced portfolios, investing in both stocks and fixed income vehicles. We want to maintain portfolio stability with the income portion of a portfolio and obtain long-term growth from the equity portion. We believe a portfolio should be composed solely of liquid investments.

We make an effort not to become prisoners of the sometimes narrow vision of the investment markets characterized by conventional Wall Street thinking, which we believe is increasingly dominated by short-term objectives. We try to discern long-term trends and values among the equities we follow and stick with them irrespective of short-term market fluctuations.

Our approach to the selection of securities for our clients’ portfolios combines elements of both growth and value investment styles. We emphasize larger companies with proven records and management, but are not averse to buying smaller companies if they have the management and business profile we are seeking, or fall within the category of “special situations”.

Although most of the companies we buy pay dividends, there are stocks which meet our other investment criteria and are appropriate for our clients but don’t pay dividends. We believe diversification is important, but are not compelled to maintain a standard of having “one of everything”. We also believe there are frequently economic considerations which dictate concentrations in particular industry groups.