CAM manages investment
portfolios for individuals, trusts, and small businesses.
CAM will work with the client to determine the client's
investment objectives and investor risk profile
and will design a written investment policy statement.
CAM uses investment and portfolio allocation software
to evaluate alternative portfolio designs. CAM evaluates
the client's existing investments with respect to
the client's investment policy statement. CAM works
with new clients to develop a plan to transition
for moving from the client's portfolio to the desired
portfolio. CAM will then continuously monitor the
client's portfolio holdings and the overall asset
allocation strategy and hold regular review meetings
with the client regarding the account as necessary.
CAM will typically create a portfolio of no-load
mutual funds, and may use model portfolios if the
models match the client's investment policy. CAM
will allocate the client's assets among various
investments taking into consideration the overall
management style selected by the client. CAM primarily
recommends portfolios consisting of mutual funds
offered by Dimensional Fund Advisors (DFA). DFA
sponsored mutual funds follow a passive asset class
investment philosophy with low holdings turnover.
Consequently, the DFA fund fees are generally lower
than other fees and expenses charged by other types
of funds. Client portfolios may also include some
individual equity securities. CAM manages mutual
fund and equity portfolios on a discretionary basis,
although CAM may request limited authority to periodically
rebalance portfolios.
CAM may also recommend fixed income securities (e.g.,
municipal securities) to advisory clients. CAM may
request discretionary authority from advisory clients
to mange fixed income assets. Discretionary authority
may be necessary to enable CAM to purchase such
assets in a timely manner when they are available
at quoted prices. Complete fixed income portfolios
generally require a minimum investment of $400,000
although individual bonds many be purchased.
