On an historical basis, equity investments have provided a higher total rate of return when compared with fixed-income alternatives.

Our top-down investment process begins with an important question: Is it more advantageous for our clients to be in equities or in fixed-income at a particular point in the economic cycle? In order to answer this question satisfactorily, we comprehensively review and continually analyze those global factors which may foment changes in an economic cycle. These factors include central bank policies regarding interest rates, money supply, inflation, and currency fluctuation, as well as government policies regarding GDP growth, taxation, and global commerce.

Following our analysis of global macroeconomic factors which contribute to cyclical growth, we next review those industry sectors which are poised to generate significant and positive profit growth during the business cycle. We then conduct a careful and detailed analysis of the financial strength and value of specific companies within a particular industry whose earnings growth potential is anticipated to exceed the general sector.

We offer flexibility to each client to determine and regularly adjust the allocation of assets within the portfolio in order to accommodate income needs and disbursement requirements. By applying the same quality standards to both fixed-income and equity investments, we are able to construct an optimal maturity schedule for each client which balances their regular cash flow to the portfolio's capital appreciation.