We will approach your investments in one of two ways:
- Your account will be diversified across asset categories (e.g. large, medium, small, international equities and government and corporate bonds) and will be actively modified over the short and long-term. The account will be invested in securities or mutual funds that we believe will be good investments based on internal and/or external research. We will frequently – though not exclusively – utilize Davenport’s Manager Research Department to help identify securities and mutual funds for the account, and to provide guidance regarding long-term asset allocation decisions. We may also use technical analysis and valuation considerations in making short-term asset allocation decisions. Performance, investment philosophy, and management team are important considerations for selecting suitable mutual funds.
- Your account will be diversified across three sleeves that are distinguished by their respective objective: Spending, Income & Growth, and Legacy. The allocation of asset categories (e.g. large, medium, small, international equities and government and corporate bonds) and/or investment styles (e.g. absolute return, long-short, tactical) within each sleeve will be determined by us based on the risk and return characteristics of each category or style. The account will be invested in securities or mutual funds that the Investment Executive believes will be good investments based on internal and/or external research. We will frequently – though not exclusively – utilize Davenport’s Manager Research Department to help identify securities and mutual funds for the account, and to provide guidance regarding asset allocation decisions. Performance, investment philosophy, and management team are important considerations for selecting suitable mutual funds. We may also utilize a macro analysis to find investments likely to benefit from broad macro trends in the economy and financial markets. Lastly, a technical analysis of past market activity may be employed to uncover investment opportunities generated by imbalances in the supply and demand for a security.