We believe that:

Asset allocation matters.
Macro-economic thinking results in successful asset allocation decisions and macro-economic returns.

Efficiency matters.
Excessive fees and expenses are a drag on portfolio returns.

Dividends matter.
If a company can pay a dividend and grow that dividend in excess of 10% annually, that company is doing a lot of things right.

Listening matters.
What is said—and what is not said—can sometimes make all the difference between success and failure.

Our clients matter.
We have clients, not customers; portfolios, not accounts; and relationships, not transactions.