Investment markets change constantly, but our commitment to you and your investment goals will not waver. We use a “top-down” approach to determine the intermediate-term tactical adjustments to strategic asset allocation as well as sector and geographic portfolio weightings, analyzing the reward to risk possibilities for each asset class to achieve the ideal risk-adjusted return. Individual security selection uses a rules based quantitative investment approach. The principle behind this philosophy is to identify companies that best qualify for each investment model at a particular point in time in our dynamic world. Through analysis of a unique set of factors for each of the portfolios – valuation, dividend growth and sustainability factors for our income portfolios, or earnings growth and momentum factors for our growth portfolios – we are able to pinpoint such opportunities for further analysis. This approach effectively and efficiently helps us analyze a large universe of investment opportunities. Tying this in along with our macroeconomic focus provides our clients with the best of both worlds.
The Investment Policy Statement (IPS) defines investment objectives and guidelines applicable to your portfolio and reflects your objectives and risk tolerance to create a diversified asset mix. The IPS governs the discretionary decisions of the portfolio manager and proves transparent disclosure
A top-down look at economies with short- and long-term outlooks impacts asset allocation to cash, bonds and stocks, to sectors and to bond term and credit as well as foreign exposure all within variances allowed by the IPS
Quantitative factors analysis of a larger stock universe identifies the best investment opportunities specific for each investment mandate. Value factors include valuation multiples – price/earnings, price/book, price/cash flow while growth factors include earnings growth, positive earnings revisions, positive earnings surprises. This is a more disciplined approach to security selection.
Provides due diligence on buy and sell decisions and identifies risks that may not be captured by quantitative analysis. Also provides continued monitoring for items such as debt covenants, supply chain delays corporate governance issues and more.
Macro-economic research leads to tactical adjustments of the strategic allocations as allowed in the IPS
Constant review of rankings and individual securities research generates dynamic selection and removal decisions
Whether your investible assets are $1 million or $50 million, you need to have a disciplined, repeatable investment process. Worth Allaye-Chan Investment Counsel uses constant macroeconomic review processes and a micro securities selection methodology to ensure disciplined, repeatable and highly competitive portfolios for individuals and institutions.
Dynamically adjusted for asset allocation and securities content.
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