Our role is to structure your portfolio to meet your financial goals. Our investment philosophy is rooted in decades of academic research, not speculation and emotions. As your partner, we will help you navigate the markets and keep you focused on what really matters.
What Makes Us Different?
Here are some of the basics:
Studies show average investor returns significantly trail market indexes for a variety of reasons. The average investor in equity mutual funds underperformed the S&P500 by 5.9% annualized over the last 30 years. Cumulatively, this makes for a lot of lost returns. This data comes from the 2019 Quantitative Analysis of Investor Behavior report by DALBAR, the leading independent, unbiased investment performance rating firm, and it covers the 20-year period ending December 31, 2018.
Tax Awareness and Strategy
Tax Awareness and StrategyProactive tax planning can enhance after tax portfolio returns. It’s important to understand a client’s full tax picture so that the tax strategy within the portfolio is coordinated with the client’s financial plan.
Systematic Asset Rebalancing
Systematic Asset RebalancingStudies have shown that regular portfolio rebalancing can add additional return to a portfolio, as well as reduce risk. Rebalancing is designed to ensure a portfolio’s asset allocation stays within its’ desired risk tolerance and involves selling assets that have appreciated and buying assets that have depreciated. In theory, this sounds easy. However it takes discipline and execution as many of the best times to rebalance are when it’s is psychologically the most difficult.
Behavioral Finance Coaching
Behavioral Finance CoachingThe study of behavioral finance states that investors do not always make rational decisions, can lose control, and can be influenced by their own biases. Investing can be emotional, and it’s our job, like a boat captain, to be proactive in maintaining the ship’s long-term course and intervening when natural investor behavior could have a negative impact on the portfolio returns.
Asset Allocation Decisions
Asset Allocation DecisionsDefined by how we deploy capital across different asset classes and investments. Asset allocation is single handily the most important portfolio management decision and provides for portfolio diversification and risk reduction. Our modernized asset allocation framework takes into account research such as, but not limited to, Nobel prize winning economic research from Harry Markowitz (Modern Portfolio Theory), William Sharp (Capital Asset Pricing Model - CAPM), as well as best practices from the endowment model which includes alternative asset classes.
Keystone Client Portfolios Don’t Always Look Like Everyone Else’s
It’s a marathon, not a sprint.
Markets will go up and down. Our job is to eliminate the near-term “noise” and focus on the long-term repeatable results.
Our portfolios are globally diversified, have healthy allocations to alternative investments, and prioritize investment fee minimization when possible. We focus the power of your portfolio towards achieving your goals. Our approach puts every aspect of your financial life at the forefront of your portfolio - your risk tolerance, liquidity needs, tax opportunities and long-term goals.
With those objectives, we leverage decades of academic research to optimize returns and control risk within the portfolio.
Keystone is honored to be recognized as a leader in the wealth management industry. This reflects our commitment to delivering excellent service and value to our clients.
Interested in Learning More?
Schedule a time to meet with Peyton, who can put his extensive experience working through complex investment, planning and tax situations toward addressing your biggest financial concerns.