Discretionary portfolios
A written investment policy statement governs every account: objective, allocation, tolerance bands, restrictions and benchmark, reviewed with you annually.
Investment Management
Patient capital, managed to a written mandate
We invest as fiduciaries: transparent fees, no proprietary product requirement, and performance reported net of fees against the benchmark you agreed to.
Account minimum
$500,000
Aggregated across related family accounts
Fee range
0.30% – 1.00%
Tiered breakpoints, billed quarterly in arrears
Rebalancing band
±5 pts
Monitored continuously, acted on by policy
Reporting
Quarterly
Net of fees against your blended benchmark
Services
How portfolios are managed
Every mandate starts with the money's purpose — spending, growth, or a trust's duty to present and future beneficiaries — and the allocation follows from it.
Asset allocation
Strategic allocation across equities, fixed income, real assets and cash, with tactical ranges and disciplined rebalancing rather than market timing.
Fixed income
Laddered municipal and corporate portfolios managed for after-tax income, credit quality and a maturity schedule matched to your spending.
Tax-aware management
Loss harvesting through the year, specific-lot selection, asset location across taxable and deferred accounts, and coordination with your accountant before year end.
Concentrated positions
Diversification for founders and executives: staged sale programmes, 10b5-1 plans, exchange strategies and charitable gifting of low-basis shares.
Philanthropy
Donor-advised funds, charitable remainder and lead trusts, and foundation portfolios managed to a documented spending policy.
Process
Our investment process
A disciplined four-step cycle keeps the portfolio aligned with the policy and your changing circumstances.
01
Discovery
We document the purpose of the money, your liquidity needs, time horizon, tax position and any values-based restrictions.
02
Policy
Together we sign an investment policy statement setting objectives, strategic targets, bands and the blended benchmark.
03
Implementation
We build the portfolio from individual securities and low-cost vehicles, reporting cost basis and holdings as we go.
04
Stewardship
Quarterly performance reports, continuous rebalancing, tax-loss harvesting and an annual policy review keep the mandate on track.
Implementation
Asset class implementation
We build from individual securities and third-party vehicles, choosing the structure that best balances cost, transparency and after-tax outcome.
| Asset class | Implementation approach | Role in the portfolio |
|---|---|---|
| Global equities | Direct equities and diversified funds; active and passive blend; ESG integration available | Long-term growth and inflation protection |
| Investment-grade fixed income | Laddered municipal, treasury and corporate bonds; credit quality and duration matched to spending | Income, capital preservation and liability matching |
| Real assets | REITs, infrastructure, commodities and natural-resource exposure through diversified vehicles | Inflation hedging and portfolio diversification |
| Cash and equivalents | Money market, short-term treasuries and sweep vehicles held at the bank | Liquidity and stability |
Indicative implementation framework. Actual holdings are governed by the investment policy statement.
Strategies
Five strategic allocations
Targets shown are strategic weights. Tactical ranges of roughly ten percentage points around each equity target allow for valuation and liquidity conditions.
| Strategy | Equities | Fixed income | Real assets | Cash | Suggested horizon |
|---|---|---|---|---|---|
| Capital Preservation | 10% | 70% | 5% | 15% | 1 – 3 years |
| Conservative Income | 30% | 55% | 8% | 7% | 3 – 5 years |
| Balanced | 52% | 28% | 12% | 8% | 5 – 10 years |
| Growth | 70% | 17% | 10% | 3% | 10+ years |
| Equity Focus | 88% | 5% | 5% | 2% | 15+ years |
Indicative targets. Not a recommendation; your allocation is set in your investment policy statement.
Indicative balanced allocation
Global equities52%
Investment-grade fixed income28%
Real assets12%
Cash and equivalents8%
Indicative only. Not a recommendation. Investments are not deposits, are not insured, and may lose value.
What the investment policy statement records
- Objective, spending needs and time horizon for each account
- Strategic targets, tactical ranges and rebalancing tolerance bands
- Permitted asset classes, and any securities or sectors you exclude
- Liquidity requirements and scheduled distributions
- Tax position, carry-forward losses and gain-realisation guidance
- The blended benchmark performance will be measured against
Fees
Tiered management fee schedule
Fees are marginal: each band applies only to the assets within it. Related family accounts are aggregated to reach breakpoints sooner.
| Assets under management | Annual rate | Indicative annual fee |
|---|---|---|
| First $2,000,000 | 1.00% | $20,000 on $2m |
| Next $3,000,000 | 0.80% | $44,000 on $5m |
| Next $5,000,000 | 0.60% | $74,000 on $10m |
| Next $15,000,000 | 0.45% | $141,500 on $25m |
| Above $25,000,000 | 0.30% | Negotiated for family office relationships |
Indicative schedule. Fund-level expenses, custody and transaction costs are separate and disclosed in your quarterly report.
Questions
Common questions
+How are investment management fees charged?
Fees are a percentage of assets under management, billed quarterly in arrears on the average daily market value of the account. Related family accounts are aggregated so the household reaches lower breakpoints sooner.
+Do you use your own funds?
There is no proprietary product requirement. Portfolios are built from individual securities, third-party funds and exchange-traded funds selected on merit, and any fund-level expense is disclosed alongside our management fee.
+How often is a portfolio rebalanced?
Allocations are monitored continuously and rebalanced when an asset class drifts beyond its tolerance band, typically five percentage points, or at the annual review, whichever comes first.
+What benchmark will my performance be measured against?
A blended benchmark matching your strategic allocation is agreed in the investment policy statement and shown net of fees in every quarterly report, so performance is measured against what you actually signed up for.
+Do you offer sustainable or impact investing?
Yes. Environmental, social and governance factors can be integrated into security selection, or we can screen out specific sectors or issuers. For trusts and foundations, we can also align the portfolio with a documented mission.
+Can accounts be managed on a non-discretionary basis?
Yes. We offer both discretionary management, where we implement the agreed policy, and advisory relationships, where every trade is presented for approval. The same fee schedule generally applies to both.
Allocations, fees and figures on this page are indicative, may change without notice purposes. Past performance is not indicative of future results. Investment products are not deposits, are not federally insured, carry no bank guarantee, and may lose value.