Our business model is very transparent, with full disclosure. Clients can calculate to the penny how much money they make. There are no hidden mark-ups on bonds. Clients own the securities directly, and once a month get to see everything in the portfolio. We provide our rationale and analysis on each security in written commentary.
We manage portfolios for individuals and foundations on a discretionary basis. We manage client portfolios on a segregated basis in order to customize to each client’s objectives as detailed in their Investment Policy Statement.
Base Fees: 1.25%
Performance Incentive Fee (when earned):
- Structured for fairness
- Capped at modest amounts
- Rewards excellent performance beyond market performance
- Designed to keep our focus on research, not marketing
- Designed to keep us small, service-oriented and flexible
Both base fees and incentive fees are tax deductible for non-registered or taxable accounts.
Minimum Account Size: $1 million in a single account
Assets Under Management: $805 Million
Number of Families: 200