In years past, portfolios were built based on traditional asset allocation. This involved a client investing in different types of stocks, domestically and internationally, different types of fixed income and cash instruments. The percentage invested in each of these areas for a client remained constant and the portfolio was rebalanced periodically to comply with those assigned percentages.

 

Recent market activity validates our group’s more dynamic philosophy. We believe that there is a time to be overweighted in certain segments of the capital markets and a time to reduce investment exposure to these same capital markets. Our tactical investment approach allows us to provide our clients with investment exposure to areas of the capital markets that we believe will provide opportunity given our economic outlook and current conditions.