Investment Philosophy

Four Core Principles:

         Total Portfolio Approach

                            Integrate and Coordinate All Client Accounts

                                     Single, Joint and Trust Accounts (taxable)

                                     Custodian Accounts for Minor Children

                                     529 College Savings Plans

                                     IRA’s: Traditional Contributory or Roll-Over

                                     Roth IRA’s

                                     401(k), Profit Sharing or Employer Plans

                                     Annuities; Non-Qualified or Qualified (Retirement Plans)

         

         Broadly Diversified Portfolio: Asset Allocation and Asset Location

                            “Multi-Asset Class” Investing

                            Common Stocks

                                          U.S. Stocks

                                                   Size

                                                            Large Company

                                                            MidCap

                                                            Small

                                                   Investment Style

                                                            Growth

                                                            Blended

                                                            Value

                                                   Management Form

                                                            Active or Traditional Management

                                                            Passive or Index Management

                                          International Stocks

                                                            Large Company and Emerging Markets

                            Alternative Investments

                                          Real Estate Investment Trusts

                                          Commodities; Tangible Assets

                                          Low Volatility Investments

                            Bonds

                                          Issuer: Government, Corporate or Municipal

                                          Maturity: Short, Intermediate or Long

                                          Credit Quality: High, Medium or Low (Junk Bonds)

                                          Inflation Protected Bonds

 

         Minimize Fund Fees and Expenses

        

         Minimize Income Taxes; Maximize Tax Efficiency

All other things being equal, lower costs and lower taxes mean higher net returns.

We can not control stock market conditions or interest rates, but we can add value

by minimizing costs and income taxes. Net returns are what count.