This relationship starts with you. We begin by learning your situation and objectives. These evolve. Family circumstances change, risk tolerance shifts, time horizons adjust. We adapt with you.
Your objectives drive our decisions. You work directly with the portfolio managers making those decisions. No layers, no intermediaries, no client service representatives reading from your file. The relationship is straightforward and personal.
The same portfolio managers work with you throughout our relationship. They learn your situation, understand your objectives, and adapt to your evolving needs. Stable teams create stable relationships. We’ve been independent since 1982 and structured to remain that way for generations.
Patience creates tangible benefits. Low portfolio turnover means fewer capital gains events for taxable accounts and lower transaction costs. Your capital compounds rather than being eroded by taxes and trading expenses. Typically holding companies for five years or longer to benefit from long-term compounding.
We keep you up to date. Quarterly reporting measures performance against your specific objectives. Immediate updates when we make portfolio changes. Direct answers from portfolio managers, not filtered through intermediaries.
We explain the investment thesis for every holding: why we own it, what we expect, and when we’d sell. You’re never surprised by portfolio changes because we communicate them immediately.
Your interests are our interests. We invest virtually all our liquid wealth in the same positions as you. When the portfolio underperforms, it affects our family wealth identically. Same risk. Same reward.
