We have a strong belief in the application of sound research to the task of choosing investments for clients. Fundamentals matter and no one approach works at all times in all circumstances for all clients. Portfolios are customized to each client and their unique circumstances. We believe the surest way to find opportunities and, as importantly, avoid threats is to pay close attention to the price paid for the underlying instrinsic value of a stock or bond. Partnerships with leading research firms assist our investment team construct portfolios consistent with these principles.