Traditional portfolio management with superior client service.
We are laser-focused on each client's unique combination of investment goals, risk tolerance, and income and liquidity requirements. We offer our clients a choice of investment management portfolios to meet their specific individual requirements and needs and we customize all our services to meet them. We strive to act in partnership with our clients to address them as they change over time.
We may invest in all kinds of domestic and foreign stocks, bonds, mutual funds, exchange traded funds and notes, and partnerships including those that invest in specialized asset classes like real estate. We custom tailor our selection and types of investments to each individual client’s objectives. If the client agrees, we may also invest in one of our limited partnerships, the Solaris Gemini Fund, a specialty fund that invests in high income producing, tax-advantaged investments such as Master Limited Partnerships (MLPs), and Real Estate Investment Trusts (REITs).
We draw on our considerable investment experience over almost five decades supported by the firm’s seasoned client service, administrative, legal, and technology colleagues. This special combination and depth of intellect, expertise and resources provides the infrastructure for ongoing investment excellence and superior client service.
Solaris believes that securities representing the greatest opportunity for appreciation are those exhibiting the most attractive future growth potential relative to current valuation. Operating within prudent risk/diversification guidelines, we strive to protect portfolio principal by tilting a portfolio's mix of stocks and bonds, active and passive, and adjusting sector and market cap exposure based upon changes in corporate, economic and financial market trends. Beyond seizing opportunities, a primary tenet of our philosophy is to protect portfolio principal through prudent risk management. And for taxable portfolios, we are mindful to offset or delay gains in order to reduce our client's tax burden.
Most investment management accounts are managed on a discretionary basis. The client gives us the authority and responsibility to formulate and then implement an investment strategy that the client has approved. That discretion means, among other things, that we decide which securities to buy and sell, when to buy and sell, in what amounts, and if applicable, through which brokers or dealers and at what commission rates or bid/ask spreads. While we maintain each client account on our portfolio accounting system, an unaffiliated, qualified, custodian holds the client’s securities and cash and reports directly to the client on a periodic basis.
Whether investing in stocks, bonds, mutual funds, domestic or foreign, we construct portfolios to meet that client's needs. Depending on time, geopolitical and market conditions among other things, the method of valuation and selection will differ by asset class, style, sector, industry or security. Our portfolios exhibit characteristics consistent with our primary goal of preserving wealth while enhancing risk-adjusted return, after all fees.
The seemingly unshakable, quiescent stock market finally turned jittery during the first quarter of 2018. After reaching a peak in late January, global markets became volatile and lost ground over the next two months. The sudden downturn was precipitated by technical factors, including sizeable de-leveraging by risk-parity traders. Post-January, markets fell on prospects of higher inflation, rising interest rates, heightened political uncertainty, potential tariff and trade policy missteps, and possible regulatory actions on technology companies. These issues make up a “wall of worry” that, heretofore, has been routinely scaled by investors. While many worrisome issues have been present for some time, the decline in the S&P 500 this quarter marks only its second down quarter in five years. US Treasuries provided no safe haven as yields rose and their performance was negative. Globally, credit spreads widened, leading corporate bonds to underperform sovereigns. TIPs modestly outperformed their nominal counterparts. The US dollar fell particularly against the Euro, British sterling and the Japanese yen. In the face of rising bond yields, real assets such as REITs and MLPs declined sharply.Click here to read the entire commentary