Investment Management
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Custom Portfolios
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Science, Not Guesswork
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Expertise Matters
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Discipline and Flexibility
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Long-Term Focus
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Limited Taxes
Expertise Matters
Nobody is an Expert at Everything
- We mine our obsession for dividend stocks that reduce our risk
Our Analytic Perspective
- While no one can guarantee future results, proper value investing has worked for decades
- We search for value others miss
- Diversifying with balance for more stable returns
Great investors like Charlie Munger, Ray Dalio and Michael Tennenbaum:
- Screen with a single set of values
- Rely on disciplined analysis
- Invest in businesses they understand
We agree:
- Mark Tennenbaum is our Chief Investment Officer
- Mark and Michael have been discussing investment analysis for five decades
- Mark focuses on risk containment for the returns we expect
Value Investing for Reduced Risk
We Own About the Same Securities as Our Clients
- We’ve been investing this way for decades
- When we all hold similar investments, our interests are better aligned
Our Diverse Experience Brings Value
- From Wall St. to Main St.
- Experience in most industries in which we invest
- Deeper understanding of industry-specific issues
- We break it down from finance speak to plain speak.
We Sail Together
Value investing demands deeper knowledge
- We buy only companies with sustainable business models who profit-share with us through dividends
- Beyond stock price movements – we look for established businesses
- One company at a time – we do not buy entire sectors
- Management counts – we invest in talented, experienced teams
Analysis deeper than data
- We start with a view on the overall economy; then
- Evaluate various industries for future performance; before
- Screening for companies who meet our requirements: Quality management
- Meaningful profit-sharing
- Sustainable futures
Employing the latest proven tools
Your needs and goals factored into our portfolio design
Drawn from the same securities we own in our personal accounts
Selected from from the more than 500 securities we follow
Proprietary Research
- Over four decades analyzing individual companies
- Fundamental value investing principles
- Regularly publish updates to our clients
Better Advisor/Client Alignment
- We start with a view on the overall economy; then
- Evaluate various industries for future performance; before
- Screening for companies who meet our requirements: Quality management
- Meaningful profit-sharing
- Sustainable futures
Employing the latest proven tools
Our detailed planning process allows us to completely understand each client's personal and financial situation, objectives, comfort level with risk and time horizon for achieving goals. This understanding allows us to:
- Create customized investment portfolios
- Help minimize tax liabilities inside and outside of client portfolios
- Advise clients on estate planning with the assistance of our expert partners
- Advise on tax-efficient, impactful philanthropic strategies.
- Analyze existing risk mitigation and insurance strategies.
- Review existing debt and liability structures to determine if better options can be utilized.
Financial Planning
Customized Planning
Advice that Serves You
Seeing the Big Picture
Retirement Planning
Financing retirement has become increasingly complex and can cause unnecessary anxiety, especially for those who plan to access their retirement assets in the next several years. An array of investment options, combined with fluctuating interest and inflation rates and other variables, make it difficult to determine how much you will need, where you should invest, and to whom to turn for assistance.
The complex tax and legislative environment surrounding retirement planning only compounds the confusion. With qualified plans, such as IRA, pension, profit sharing, and 401(k) plans, the timing and amount of withdrawals are critical in order to avoid additional tax penalties. And if you have accumulated significant qualified plan assets, you may face additional problems, such as the "Double Tax Dilemma," where the government can tax these assets twice.
Estate Planning
Part of living confidently in the present is knowing that your wishes will be carried out in the future. We help to create estate plans that will protect and efficiently transfer your wealth while conveying your wishes for your loved ones and your own care.
Proper estate planning allows you to transfer your wealth according to your wishes while minimizing unnecessary taxes and expenses. Our goal is to ensure you have taken prudent steps to reduce your tax liabilities and to help to create the most effective means to finance any future tax liabilities.
Philanthropic Planning
Gifting
We work with all of your professionals to help you with...
- Wills
- Trusts and Trust accounts
- Power of attorney
- Account beneficiaries
- Beneficiary accounts
- Gifting assets
- Business exit and succession strategies
- Philanthropic mission and vision