Investment Management
Disciplined, diversified, low-cost portfolios built to serve your goals, not generate commissions.
Our Investment Philosophy
We believe that long-term investment success comes from discipline, diversification, and cost management, not from market timing, stock picking, or chasing last year's hot fund. Decades of academic research support this approach, and our clients' results confirm it.
Every portfolio we build starts with your financial plan. Your asset allocation, the mix of stocks, bonds, and other asset classes, is determined by your goals, your time horizon, and your risk tolerance. We don't use a one-size-fits-all model. We build a portfolio that reflects your specific situation.
We implement portfolios using low-cost index funds and ETFs from firms like Vanguard, Schwab, and DFA. No proprietary products, no load funds, no 12b-1 fees. Our clients typically pay 0.05-0.15% in underlying fund expenses, a fraction of what most investors pay.
How We Manage Your Portfolio
Portfolio Construction
We build globally diversified portfolios across US stocks, international stocks, emerging markets, US bonds, and TIPS. Asset allocation is driven by your financial plan, not by market predictions.
Asset Allocation
Your target allocation is based on your specific goals and risk capacity, not a generic questionnaire. We consider your human capital, pension income, Social Security, and other factors that affect how much risk you need and can afford to take.
Systematic Rebalancing
Markets move your portfolio away from its target allocation over time. We rebalance systematically using a threshold-based approach, buying low and selling high in a disciplined, unemotional way.
Tax-Loss Harvesting
We actively monitor portfolios for tax-loss harvesting opportunities, capturing losses to offset gains and reduce your current tax bill, while maintaining your desired exposure through substitute positions.
Frequently Asked Questions
We believe in diversified, low-cost, evidence-based investing. We use broadly diversified index funds and ETFs, maintain disciplined asset allocation, rebalance systematically, and harvest tax losses when opportunities arise. We don't chase performance, time the market, or use proprietary products.
Generally, no. For most clients, broadly diversified funds provide better risk-adjusted returns at lower cost than individual stock portfolios. In rare cases where a client has concentrated stock positions (from equity compensation, for example), we build a diversification strategy to reduce that concentration over time.
We charge a transparent percentage of assets under management (AUM), typically 0.75-1.0% annually depending on account size. There are no commissions, no trading fees, no hidden costs. You always know exactly what you're paying.
Tax-loss harvesting is the practice of selling investments at a loss to offset capital gains elsewhere in your portfolio. The 'harvested' loss reduces your current tax bill, and the proceeds are immediately reinvested in a similar (but not identical) fund to maintain your portfolio's risk profile. Over time, this can add meaningfully to after-tax returns.
We typically work with clients who have $250,000 or more in investable assets, but we evaluate each situation individually. If you're earlier in your financial journey, our planning-only engagement may be a better fit. Schedule a discovery call to discuss your situation.
Your investments should work for you, not your advisor.
Schedule a free discovery call to learn how fee-only investment management can improve your after-tax, after-fee returns.
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