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A PROFESSIONAL YOU CAN TURN TO
It's difficult to put a label on what we do. We are more than just a money manager, more than an advisor. You could think of us as chairman of your personal board of directors. Our clients charge us with the privilege and responsibility of managing their entire financial strategy. Families appoint us to give the same attention to their money as they would themselves, putting both day-to-day transactions and long-term investments in our care.
What's unique about this? First, it means our clients really trust us. We've proven to them that we really do what we say we can do.
Also, we focus on every aspect of personal finance: investments, trusts, insurance, income, assets, taxes- not just one or two. Why? Because most people don't have the time, expertise, or desire to piecemeal these important segments together. They want to know that every financial tool available is being synchronized to achieve the best results possible. And so do we.
A PARTNER YOU CAN TRUST
Our team is skilled with every type of financial tool, so we are not biased toward one method over another. We don't have a predetermined agenda or cookie-cutter solution. We'll spend as much time as necessary to determine what's best for you. As your financial partner, we are committed to you. As part of this commitment, we check our egos at the door. We'll work in full cooperation with you and your family. We'll even pull together your entire team of professional advisors: accountants, attorneys, and more to generate the best results for you.
Most importantly, we listen to you. Our first objective is to understand your needs, your goals. Even your financial fears and frustrations so we can develop a comprehensive strategy, uniquely designed for you. After we listen, we'll show you how we think you can best meet your personal goals. And then we'll listen some more.
We act as your family office. Your personal financial headquarters.
Financial expertise is important, but it's our ability to understand your needs that helps us meet your goals.
CREATING YOUR INVESTMENT PLAN
As your financial partner, we address your biggest financial concerns: Where do my finances stand right now? How can I protect them? What can I do to increase them? How can I enjoy them most? What will it take to pass them on to my family?
These questions are not new to us, but your specific needs and goals are. Our first priority is to get to know you, so we can consistently make the best decisions on your behalf.
Before we invest a dime of your money, we'll work with you to develop a "personal investment policy." This policy becomes a general road map for us to follow. We identify your current needs and future goals, address past financial experiences, and determine your comfort level with conservative or aggressive investing.
In each decision or recommendation we make for you, we will honor these boundaries. Chances are, as your life changes, so will your policy.
And we'll stay with you every step of the way.
INVESTING FOR EFFICIENT RETURNS
We believe the best way to preserve and grow capital is through long-term, tax-efficient compounding of returns in diversified portfolios. We limit risk by combining asset classes that do not typically move in the same direction in given market conditions.
Prudent investing requires time, expertise, research, and discipline. If you can optimize any of these, you can increase profits. We'll help you optimize them all.
HOW WE SELECT STOCKS
We select companies with a history of consistent earnings growth which we believe will drive stock prices higher over the long-term.
HOW WE SELECT BONDS
Driven by your investment plan, a percentage of your portfolio may be invested in bonds, or Fixed Income Securities. We use high-quality, intermediate term securities, which typically capture a significant portion of available yield with substantially less price volatility than longer-term bonds.
MUNICIPAL BOND
INVESTMENT MANAGEMENT SERVICES
- Buffington Mohr McNeal’s fixed income process captures a significant portion of available yield with substantially less price volatility than longer term bonds.
- We are an experienced team of investment professionals providing superior client service.
Investment Philosophy
- An intermediate duration strategy offers the most attractive risk/reward trade-off over the long term.
- Yield advantaged sectors enhance portfolio returns in both short and long-term horizons.
- Technical factors are considered in investment strategy.
- Extensive portfolio management experience and independent credit research ensure high quality portfolio standards.
Emphasis on Credit Research
Credit variables can significantly impact investment returns
- Buffington Mohr McNeal relies upon internal credit analysis in addition to Wall Street analysts and rating agency reports
- Portfolio managers and independent credit analysts provide ongoing credit research and monitoring to assure high quality and marketability.
Process
- Our independent team of economists, analysts and portfolio managers analyze the economic environment to determine the current position within the business cycle.
- Duration and yield curve strategies are driven by long-term business cycle trends, and hence remain in place for extended periods.
Specific Issue Selection
Portfolio Monitoring
- Impact of individual issues is quantified through this modeling.
- Misevaluation opportunities are captured while maintaining portfolio strategy.
- Opportunistic trading between Municipal and U.S. Government Sectors to enhance total return.
- Ensure consistency of strategy implementation.
- Alter portfolios based on business cycle movement and strategy modifications.
Summary
- Our philosophy and process of municipal bond management is disciplined and time-proven.
- We place a premium on independent research, talented investment professionals and structuring an environment conducive to success.
- Our performance is proof that our process work.
Business Cycle Analysis & Strategy Guidance Conclusions
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Peak |
Trough |
Recovery |
Prosperity |
| Business Cycle Trends |
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| Federal Reserve: |
Tightening Ends |
Eases |
Eases/Neutral |
Tightens |
| Interest Rates: |
Peak/Begin Declines |
Decline |
Trading Range |
Rise |
| Sector Trends |
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Credit Quality:
Call Risk: |
Stable
Low |
Deteriorating
Increasing |
Improving
High |
Stable
Decreasing |
| Buffington Mohr McNeal Strategy |
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| Duration Strategy: |
Shorter or Neutral |
Longer |
Longer to Neutral |
Neutral to Shorter |
| Call Exposure: |
Reduce |
Avoid |
Increase |
Increase |
| Sector Weightings: |
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| General Obligation: |
Overweight |
Underweight |
Establish Position |
Increase |
HOW WE SELECT SPECIALTY MANAGERS
Specialty managers will be used for diversification of equity style. Depending on the size of the allocation, these managers will be allocated funds in a separate account for individual security selection or through an institutional class mutual fund or exchange traded fund.
Our multi-style, multi-manager diversification limits risk by spreading assets across top-rated money managers with different investment approaches. Our investment philosophy is to structure a long-term portfolio that outperforms traditional, actively managed portfolios with the same-or lower-level of risk. Through extensive research and close partnership with you, we identify the best combination of stocks, bonds, and specialty managers for your investment objectives.
FEES
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Market Value |
Fee |
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$0 - $2,000,000 |
1.00% |
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Over $2,000,000 |
.50% |
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Management fees will be assessed at the beginning of the month or quarter. New accounts and terminated accounts will be charged a pro-rata fee for the period of time that assets are under management. In the event of termination of an agreement where fees have been paid in advance, a prorated refund will be made. Accounts may be terminated by either party with five (5) days written notice. Compensation for other services shall be on an hourly rate negotiated with the client.
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