Lawrence Weinman Financial Advisory and Investment Mangement How We Implement Our Investment Strategies:



· Asset Class Investing: Index Investing Is the best strategy. By creating a portfolio of index instruments (funds and exchange traded funds) across a range of asset classes one can create a low cost, low tax, diversified portfolio.


· International Diversification is imperative: The United States represents only 32% of world stock market capitalization. Portfolios should be exposed to the entire world economy through allocations to international stocks .As is the case for domestic stocks, this should be done through low cost index funds and exchange traded funds.


· A well-diversified portfolio should include exposure to commodities through exchange traded instruments, This is an asset class that historically has had a low correlation to traditional stocks and bonds.

· Bond Portfolio Management should include a mix of inflation protected and conventional funds designed to reduce the risk of the overall portfolio while generating a reliable income stream. Many investors incorrectly assume bonds are a low risk investment. Yet many bond portfolios and actively managed bond funds contain risks that are often overlooked because of maturities, credit risk and/or currency risk. It is imperative that all of these bond risks be carefully managed. Exchange traded funds and low cost bond funds are the best vehicles to create a low risk diversified bond portfolio.

Proper positioning of bond holdings and monitoring of the relationship between tax free and taxable bond yields can significantly improve the after tax return on bond holdings without increasing risk.

· Managing a portfolio to control taxes is essential: Taxes can eat away a significant part of investors’ income, estimates range in the area of 1.5 -2.5% per annum lost to taxes in active portfolios. Use of tax efficient index instruments, correct positioning of assets and strategies such as “tax harvesting” can minimize taxes

Most “exotic alternative strategies” are expensive and offer poor returns relative to risk. We never make use of hedge funds, venture capital, private equity or other investment strategies using leverage.