| We manage accounts “straight up”, i.e. a mix of equities, bonds
and cash equivalents determined to be appropriate for the particular
account, being particularly mindful of tax consequences, if any.
We manage and provide advice on various types of pension benefit
and IRA accounts available to employers and self-employed persons.
Our investment approach is conservative, but pragmatic. Equity
sacred cows are always open to question. Inattentiveness has been
rather costly over the past few years for the holders of AT&T,
Eastman Kodak and Xerox, to name just a few examples. At the same
time, one must avoid being caught up, at least for long, in the
investment craze of the moment, exemplified most recently by dozens
of internet issues. Equity investment choices must withstand
rigorous fundamental and technical investigation.
Bonds are an under appreciated investment asset. Countless
studies have shown that the most dependable, all-weather investment
results are generated by 60% equity, 40% bond portfolios. While many
investors will prefer a higher equity component, expertise in
fixed-income investing should not be ignored in your choice of an
investment manager. We do it very well.
We have a simple fee structure - plus or minus 0.80% per annum ,
based on the total market value of assets under management. The
normal minimum annual fee is $2,000. In some cases, we will provide
investment advice on an hourly fee basis. We receive no commissions
or payments of any kind from third parties in connection with your
investments.
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