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Private wealth requires a unique approach.

Private wealth has unique needs that are very different from those of institutional investors. Private wealth is subject to income tax and is typically characterized by concentrated risk exposures, ranging from employment earnings to appreciated holdings.

Products are not a solution.

A solution manages all assets, liabilities, and risks as an integrated whole. The attributes of each vehicle (including retirement accounts, trusts, partnerships and foundations) are used to minimize the drag of income and gift taxes. Risk is defined and managed across the full portfolio, rather than in discrete slices. A solution provides substantial tax, cost, and risk advantages as compared with a basket of products managed to separate benchmarks.

True tailoring provides real benefits.

We tailor solutions for each client that reflect their tax posture, risks, and objectives. These provide lower uncompensated risk, a better diversified economic portfolio, increased after-tax return, and enhanced effectiveness of certain estate planning strategies. By managing portfolios of individual securities and instruments that are unique to each client, we also avoid certain costs that are endemic to fund and product alternatives, as well as to most “separate accounts.”