Fixed Income Investment Process

Our approach to fixed income allocation is to provide additional diversification with an eye on tax efficiency, while taking a conservative posture to temper portfolio volatility.

  • We maintain exposure to multiple sectors of the bond market, including government, investment grade corporate, high-yield corporate, mortgage/agency-backed, inflation-linked, floating rate loans, municipals, and emerging market debt.
  • We ladder the maturities of our holdings and modify the average duration of our positions depending upon our outlook for interest rates.
  • When appropriate, we incorporate FDIC-insured (traditional and structured) certificates of deposits.
  • We consider the marginal tax bracket of each individual client to determine the appropriate allocation between taxable securities and tax-free municipal bonds.