We build client portfolios on a custom basis. The initial top-down step involves developing the appropriate asset mix given a client’s risk aversion, age, income needs, and other factors.

Portfolios are constructed one security at a time, on the basis of each investment’s risk and value. We identify prospective investments by utilizing various fundamental screens, browsing “new lows” lists, as well as through events which might cause securities to become undervalued. We track spin-offs and other instances of corporate change as they sometimes result in undervaluation. As the security analysis field has gotten more crowded in past decades, investors have had to work harder to uncover bargain securities. This requires looking in areas that receive less attention from Wall Street.

Prospective investments are analyzed in-house to understand the underlying business and estimate the intrinsic value of the security. Securities which meet our criteria and which are found to be both discounted and to have strong protection from permanent loss may become investments.