The asset allocation process includes the active involvement of the client in assessing their individual risk tolerance, current income needs, goals and objectives, tax situation, and the risk/reward characteristics of the various asset categories.

Risk is viewed in both investment and human terms (comfort level). The process is dynamic with the allocation reviewed periodically, particularly when there has been a change to the client’s life situation or a significant reevaluation of an asset category’s expected return.

We do not believe that adjustments to asset allocation should be made based on the expectation of short-term fluctuations in the financial markets. These “market timing” strategies consistently fail to add long-term value to investment portfolios and are extremely costly and tax inefficient.