Formulating Long-term Portfolio Strategy

Key to our services overall is the formulation of a long-term strategy that sets the stage for investment success.  Taking into account each client's unique situation and goals, we develop long-term asset allocation targets that reflect reasonable expectations for future returns, standard deviations, and cross correlations among the various asset classes.  Although these targets are intended to remain constant over relatively long periods of time (e.g., for at least five years), some earlier adjustments can make sense if:

  1. the client's career or personal situation undergoes a significant change,
  2. Congress enacts new, substantially different tax laws, or
  3. the economic or investment environment undergoes some fundamental change.