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 decades, not quarters.
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 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.
Trust is the foundation of any relationship. If you don’t know us yet, how can we gain your trust? Through alignment. We own what you own. Virtually all our liquid wealth is invested in the same positions as you. Same risk. Same reward.
