Investment management is at the core of what we do. We believe that careful, conservative and value-oriented investment management is the key to long-term investment success.

We manage client investment assets in individual securities, with the mix determined by the client’s income needs, risk tolerance, age and other factors.

We are highly risk averse, seeking out securities which are well protected by core asset value and cash flows of the issuing firm. Historically, value-oriented strategies have provided superior returns for investors. The strategy is simple at its core: buy assets when they are on sale and sell them when prices approaches or exceeds conservative appraisals of fundamental value.

We find investment ideas initially by utilizing various fundamental screens, browsing “new lows” lists, as well as through events which might cause securities to become undervalued. We also find value in “special situations”, or instances of corporate change. As the security analysis field has gotten more crowded in past decades, investors must work harder to uncover bargain securities. This requires looking in areas that receive less attention from Wall Street. Prospective investments are analyzed in house, and ideas which meet our requirements for price and safety may become client investments.

A high level of risk aversion is one of our defining attributes.