Institutional Asset Management Services

What is your philosophy on investing?

The “Means Philosophy” is one that has been embodied by our firm since its inception in 1935.  Our founder, David G. Means, believed that one should not overreact to good news or bad news.  We believe that clients will achieve their objectives if disciplined strategies are used.  Strategies such as slowly accumulating positions when stocks are down, reinvesting dividend income, diversification and contrarianism (buy when others are selling, sell when others are buying) are inherent to the “Means Philosophy”.  We believe in fundamental and quantitative analysis but know that irrational forces including fear, greed and ignorance, can impact asset prices in the short run. Over the long term, however, fundamentals will prevail.

As fiduciaries, we strongly believe in highly efficient, well-diversified portfolios built on the foundation of fundamental analysis, qualitative research and stringent asset allocation.  Utilizing research by the most prestigious institutional wealth managers in the world, our portfolio construction is based on forward-looking asset class returns.

We diversify our strategic portfolios not only by asset class, but by strict security selection.  By utilizing well defined asset classes and a combination of individual equities, bonds, ETFs and mutual funds, we are able to limit risk consistent with client expectations.  We diligently monitor portfolios and make adjustments only as needed.

When evaluating securities for selection we consider larger-scale issues such as fiscal, economic, monetary, regulatory and legislative environments in the U.S. and abroad, and smaller-scale factors like earnings momentum, profitability and management changes. We make adjustments to portfolios on an as needed basis and the investment committee holds weekly due diligence meetings.