We carefully create individualized investment portfolios using low-cost, tax-efficient investments to meet our clients’ financial objectives. Each investor has his or her own risk tolerance, goals, and life circumstances that dictate the specific holdings in their portfolio. The single most important driver of returns is the asset allocation decision. There are many classes of securities, including stocks and bonds—both domestically and internationally. We base our portfolio recommendations on more than 85 years of historical risk, return, and correlation data for up to 13 different asset classes. Our recommendations typically include exchange traded funds, or ETFs, that represent each asset class and provide substantial diversification across global capital markets. Our quantitative approach to investment management helps us create optimized portfolios that meet our clients’ individual needs.