We specialize in institutional based investing for the individual using a purely academic philosophy of money management. Our approach is conservative and appeals primarily to investors with longer-term time horizons.

Our Services Include

• Equity Investing
• Fixed Income Investing
• Investment Planning
• Portfolio Management
• Trusts, 401(k) Management, and more

After a lifetime in the investment business, we have become convinced that a passive approach to investing is superior to an active approach, particularly when dealing with core assets. Passive management stands on solid theoretical grounds, has enormous empirical support and works well for investors. The problem is that we have all been conditioned to think that we can beat the markets. If we just work a little harder or identify that one little wrinkle that everyone else is missing, we will be able to do better than "average" (Translation - better than the Index)!

The reality is that in a typical year, approximately 75% of professional managers lag behind their relative benchmark indexes. Even so, most investors continue to try to pick that one manager out of 4 who will successfully outperform their benchmark in any given year. This strategy normally fails because there is no way to predict in advance and with consistency which managers will beat the market.

Instead of constantly attempting to beat the market, which is statistically akin to betting against house odds at a casino, we prefer to put the odds of success in our favor by concentrating on the factors that we can control. We add value without relying on forecasts or intuition. We believe that a well-grounded and structured approach will result in a higher reliability and confidence level of portfolio returns than one based on instinct and prophesy. We eliminate the inherent unpredictability of active management by adopting a passive approach. We seek to control market risk and harness the power of compounding returns by focusing on portfolio structure. Finally, we seek to improve bottom line returns by keeping overall costs low and by managing in a tax efficient manner.