Investment Management
The Importance of Durable Portfolios
A portfolio should serve your financial plan—not define it. That starts with understanding how much risk your plan can reasonably carry.
Investment returns matter, but so does the amount of risk taken to earn them. Once we understand how much risk the financial plan can reasonably carry, we can seek the strongest expected return available within that framework. That balance between return and risk is the foundation of what we call a durable portfolio.
“Understanding how to make portfolios more durable through times of stress without sacrificing returns is critical to compounding wealth to achieve your goals.”
Our Philosophy — Risk-First Investing
Start with the risk your plan can carry
Risk-First Investing begins with a simple question: how much risk can the financial plan reasonably carry? Rather than pursuing the highest possible return and accepting whatever volatility comes with it, we establish an appropriate level of risk first and then seek strong returns within that framework. This relationship between risk and return shapes how we build durable portfolios across a full investment horizon.
Our Solution
What we mean by a durable portfolio
A durable portfolio is not designed simply to minimize volatility. It is designed to improve the relationship between return and risk by combining many sources of return that may behave differently across market environments.
Once we determine the level of risk appropriate for the financial plan, we can pursue strong expected returns without relying as heavily on any single source of risk.
The Building Durable Investment Portfolios page explains how we carry that philosophy further.
Start Here
Let’s talk about the role risk plays in your plan
Investment strategy starts with understanding what your plan needs from the portfolio—and how much risk it can reasonably carry.