Disciplined Investment Process

Identify Client Objectives

Identify Client Objectives

Individual client objectives are reviewed and implemented throughout trade execution and portfolio management.

Economic Overview / Interest Rate Forecast

Economic Overview / Interest Rate Forecast

The investment team formulates a view on interest rates by analyzing the global economy, its effect on U.S. fixed income markets and then, more specifically, the impact on the municipal sector.

Optimize Yield Curve Exposure

Optimize Yield Curve Exposure

Our portfolio management team reviews the shape of the yield curve and determines optimal risk/reward opportunities. This analysis results in a targeted maturity range to enhance performance for a given strategy.

Credit / Sector Analysis

Credit / Sector Analysis

Securities are reviewed and approved on the basis of fundamental credit analysis, including the review of:

  • Historical and currently available financial information
  • Debt service coverage and leverage calculations
  • Local area economy and demographics
  • Sector-specific industry risk and trend analyses

Select Securities & Execute Trades

Select Securities & Execute Trades

Multiple security offerings are evaluated based on credit quality, relative value and the potential to enhance performance. Our research and portfolio management teams take a collaborative approach in security selection.