The investment objective for our investment adviser accounts is to seek consistently strong total return while seeking to control risk. Total return expectations will be considered relative to portfolio risk taken and it is expected that portfolio risk (as measured by volatility) will generally be less than that of the broad equity market. 

We intend to achieve a significant part of the objective by buying publicly-traded common stocks of companies of all market capitalizations and in a variety of industries. For clients who hire us to manage a mutual fund-based portfolio, we will diversify across various assets classes to achieve the target return as well as the appropriate diversification.

The stock holdings are likely to possess characteristics including reasonable price multiple levels relative to expected earnings and cash flow growth, and reflecting current interest rates and risk premiums appropriate to the given security.