We are passionate about building an enduring relationship with our clients, with a dedication to excellence in every aspect of providing comprehensive financial solutions to your unique set of needs and circumstances. At the United Capital Seattle office, we take a personal interest in your dreams, values and aspirations and tailor a wealth management program just for you. We take the time needed to develop a full understanding of your concerns, objectives, experiences and your risk tolerance to help establish investment guidelines to meet your goals. Strategic Asset Allocation helps to control the risk level and is a major determinant of portfolio returns. We provide objective advice and believe a broadly diversified investment portfolio will provide the best and most consistent way to provide risk adjusted returns over a long time horizon. We regularly monitor adherence to these guidelines.
We then create a customized portfolio of high quality issues with a focus on maximizing portfolio returns while maintaining the integrity of the principal value of the portfolio and meet any liquidity requirements. Fixed Income investments are tailored to income demands and focus on stability. Equity securities emphasize companies with strong, consistent earnings growth and financial strength.
We recognize that circumstances change over time, both in the markets and for each client. We constantly review the relative attractiveness of stocks, bonds and other asset classes to drive asset allocation shifts. We review investment guidelines with each client and update them as needed.
Successful investing balances art and science. This is essential for long-term investors in a rapidly changing and increasingly complex world. We start with forecasting macro-economic variables with a top-down perspective to identify global trends which shape new markets or signal shifts in supply and demand. We believe that companies in growing segments of the economy have the best chance of long-term success. Along with favorable operating environments, chosen companies must also enjoy strong and sustainable competitive advantages. These fundamentals are evaluated relative to market expectations and psychology.
To balance risk and return, every investment must fit into portfolios well diversified by style and size, industries and themes, taking into account a global perspective. A well-constructed portfolio of such companies should produce superior growth with less risk relative to the overall market. This ongoing process continuously seeks to improve your holdings.
Bonds provide income and stability to an investment portfolio. A leader among Seattle bond managers, we specialize in high-quality, customized fixed income portfolios. Our goal is to maximize return while maintaining risk and duration/maturity factors consistent with client objectives. We have expertise in Municipals, Treasuries, Agencies, Corporate Issuers and Taxable Municipals. Our Active Management Strategy combines interest rate projections and sector swaps to enhance income and total return. We strive to target an optimal average maturity range as determined by yield curve slope, rate forecasts, and the interest rate environment.
Value Enhancing Strategies:
- Purchase Municipal Bonds Direct. We bid on bonds competitively in national primary and secondary markets, and pass wholesale yields directly to our clients.
- Premium Callable Bond Advantage. Compared to new issue non-callable bonds, our preferred bond structure of premium, callable bonds provides greater yield and coupon income, as well as increased principal protection in a rising rate environment.
- Anticipate Interest Rate Movement. We align average maturities with our interest rate forecast to minimize price volatility in anticipation of rising rates, and to maximize increased income, yield and duration when rates are high.
- Sector Swaps. We shift between market sectors and structures to achieve the best value; eg. uninsured bonds that may become pre-refunded; callable vs. non-callable structures; and state-specific issues vs. national markets.