INVESTMENT SERVICES THAT BEGIN WITH YOU
When determining your portfolio allocations, we start with you—your goals, your time horizon, your income needs, and your risk tolerance. When we have a clear understanding of your expectations and objectives, we build, then implement, your customized portfolio.
5 CORE INVESTMENT PRINCIPLES
In managing your portfolio, we adhere to five core investment principles:
1. Asset allocation is the most important decision.
The decision of how much to invest in broad asset classes is the determining factor in your portfolio’s variation and return. Your asset allocation target will be based on your financial condition, goals, and risk tolerance.
2. The price you pay
determines your return.
The lower the price paid for an investment, the higher your expected return, all else being equal. We take an active approach to investing, and we seek to buy only at prices that make economic sense.
3. Volatility is not risk.
Real risk is the likelihood of permanent capital loss. When constructing portfolios, we focus less on the risk of investment fluctuation (a near constant in investing) and more on the potential for capital impairment.
4. Time is your ally, but
returns are not linear.
Research and history show that it is over the long term that investors have the best opportunity to secure the returns they need. We refuse to be swayed by market hype and fear, instead maintaining our focus on generating long-term returns.
5. No one can predict the future
No matter how hard investors and forecasters try, the future will forever be unknowable. The good news is that a crystal ball is not necessary to achieve investment success, as long as we remain focused on Principles 1–4.
INVESTMENT STRATEGIES
We offer a variety of strategies to complement your stage in life and investment and income needs. Depending on your circumstances (see Who We Serve), these investments may include core stock, tax-free bond, and/or more comprehensive asset allocation strategies encompassing a broader array of asset classes.
AMM Dividend Growth Strategy: Dividends have historically accounted for a sizable portion of the total returns provided by stocks. We have developed a unique approach to dividend investing to help our clients capture upside returns and reduce risk. The dual goals for this strategy are income growth and capital appreciation.
The advantages of the AMM Dividend strategy include:
- A focus on income growth
- Tax-efficient management
- Cash flow that can be reinvested or distributed directly to the client
- A focus on quality businesses with strong competitive positions and a history of high returns on employed capital
- The ability to invest in the strategy as a stand-alone or as a component of a broader asset allocation portfolio (see Asset Allocation Strategies)
AMM’s Managed Tax-Free portfolios are offered in short, intermediate, or long-term durations. The portfolios may include specific client preferences, including state specific portfolio construction and social/ethical investing constraints. By working with large institutional (non-retail) caliber municipal bond specialists, AMM can offer efficient tax-free portfolios at very low costs which, in turn, provides higher current yields and proper diversification.
We offer comprehensive asset allocation strategies to help meet our clients’ varying risk and return objectives. All strategies can be customized and may include or exclude assets depending on a client’s preferences or circumstances.
The advantages of our asset allocation strategies include:
- Broad diversification
- Customization to meet a wide variety of objectives
- Incorporation of specific investor preferences
- Tax-efficient management
- Potential incorporation of alternative assets for qualified candidates
AMM Asset Allocation Strategies
AMM Growth Strategies: The primary objective is to achieve risk-adjusted, long-term appreciation of capital. Growth portfolios will primarily be allocated to domestic and international stocks, with a smaller allocation to bonds and diversifying assets. For qualified clients, these strategies may also include alternative fixed-income instruments, such as trust deeds and collateralized notes.
AMM Balanced Strategies: The primary objective is to achieve risk-adjusted, long-term appreciation of capital but in a more conservative fashion and with less volatility than might result in the AMM Growth Strategies. Balanced strategy allocations will vary depending on each client’s circumstances but will generally carry a larger allocation to bonds than the more growth-oriented strategies. For qualified clients, these strategies may also include alternative fixed-income instruments, such as trust deeds and collateralized notes.
AMM Income Strategies-Tax-Free or Taxable: The primary objective is to preserve capital and generate income. Income strategy allocations will generally have sizable exposure to taxable and tax-free fixed-income instruments. For qualified clients, these strategies may also include alternative fixed-income instruments, such as trust deeds and collateralized notes.
AMM Retirement Income Strategies: The primary objective is to achieve high monthly income. In this pursuit of higher income, our AMM Retirement Income Strategies may include assets that are more volatile than the ones in our traditional income strategies. Portfolios may include a greater weighting to dividend-paying stocks, as well as the potential use of high-yield bonds, floating-rate bonds, preferred stocks, real estate investment trusts (REITs), and other income-oriented assets. For qualified clients, these strategies may also include alternative fixed-income instruments, such as trust deeds and collateralized notes.
