Asset Management

The greatest hockey player of all time, Wayne Gretzky, attributes much of the success he enjoyed throughout his career to his habit of skating to where the puck is going, rather than to where it’s been.  Similarly, in a world of ever-changing risks and opportunities, today's investment advisor can't simply use statistical analysis of the past to manage risk, or he is skating to where the puck has been, and so are his investments.  It takes education, training, experience and real-time assessment of current information to optimally assess current risks and opportunities.

These days it’s not enough to have a basic understanding of "Modern Portfolio Theory” and “Monte Carlo Forecasting” when new risks and opportunities are on the horizon, bearing little resemblance to those of the past.  Risks and opportunities are constantly changing and it takes more than off-the-shelf computer models of past relationships and correlations of risks to optimally address them.  And simply using massive diversification, while reducing the risk of catastrophic loss, also virtually guarantees long-term market underperformance (when combined with multiple layers of fees) and isn’t much of a value added service – it doesn't take a high level of effort or sophistication to put money into 10 different mutual funds and never look at them again. 

However, there are some few advisors with the education, training, and experience to address the changing financial landscape in advance and we believe that selecting advisors who fall into that category is critically important to your financial future.

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