The benefits of proper portfolio customization cannot be achieved via mutual funds.

Customization considers each client's needs and special situations including:

  • Investment Objectives
  • Tax Situation
  • Income Requirements
  • Liquidity Needs
  • Investment Time Horizon
  • Concentrated Holdings
  • Risk Profile
  • Social Investment Restrictions

It is virtually impossible for wrap managers and mutual fund companies to develop a close client relationship and properly adapt a separate account portfolio according to each client's needs and special considerations.