Building portfolios tailored to achieve your financial objectives.
We believe that our clients know us for excellence and uncompromising standards in investment management. Our unbiased approach sources and executes due diligence on the highest caliber investment managers across both traditional and non-traditional asset classes. We focus on building diversified, outcome-oriented portfolios that emphasize risk-adjusted returns and tax efficiency.
Philosophy Our guiding investment principle is an intense focus on capital preservation. We spend an inordinate amount of time on what can go wrong with an investment rather than what may go right. Ultimately, we believe compounding our clients’ assets in a steady, disciplined manner is the greatest path to long-term wealth creation.
Asset Allocation Research has shown a significant portion of portfolio return is driven by asset allocation, so we view this as the most important step in our investment process. We begin by understanding your risk tolerance, goals, constraints, and your pre-existing exposures. We build portfolios around these variables to create an optimized mix of asset classes designed to meet your risk and return objectives.
Non-Traditional Investments A large proportion of investment opportunities in the world are not available in the public markets. We believe including these exposures substantially improves the return potential and diversification of portfolios. NEXT has a long history of investing in these asset classes and has the expertise and relationships to identify and monitor high quality investments for clients.
Opportunistic Investing Being overly tactical with portfolio investments sounds good in theory but is typically very difficult and tax inefficient for taxable individuals. Occasionally, however, dislocations in certain markets occur that are significant enough to warrant action and can add value to portfolios. We may capitalize on such opportunities via baskets of securities or specific investment managers.
Focus on Tax & Investment Structure Tax sensitive investing extends far beyond the use of municipal bonds. Understanding legal structures, the tax treatment of certain fees, identifying optimal asset location, and utilizing tax management technology are all critical components of intelligently managing taxable wealth. We are keenly aware of and hyper focused on these issues when implementing client portfolios.
Manager Selection We maintain an unconflicted approach to manager selection for client portfolios. That is because we are paid only by our clients, not by investment managers. Our open architecture approach sources and monitors high caliber investment managers in an institutionalized manner.
Portfolio Management Technology We maintain top shelf technology systems to monitor and manage client portfolios. Our ability to aggregate client assets across custodians and private investments allows us to incorporate the full picture of a client’s situation and manage their portfolio accordingly.