We believe that integrity is the core of our client relationships. Integrity means that serving your interests, and yours exclusively, is what is important. Consequently, our research is proprietary, unbiased, and solely geared towards meeting your specific financial objectives.

After being exposed to the conflicts of interest between equity analysts and investment bankers housed under the same brokerage firms, investors can be forgiven for questioning the value of research. The integrity of investment research has correctly been challenged by government regulators, the media, and most important to us, investors.

Certainly there have been numerous recent cases in which conflicts of interest have blurred or obscured the primary purpose of research opinions.

As long as the 'sell side' of brokerage firms (investment bankers, brokers) generate substantially more revenues than the "buy side" (equity analysts), there is a potential conflict of interest. From a monetary standpoint, the firms do not want to 'bite the hand that is feeding them.' For example, a company that hires a brokerage house to underwrite and distribute its stock expects to see favorable research coverage. How often do we see a pure 'sell' recommendation from an analyst? Almost never. The game on Wall Street is sophisticated, misleading and dangerous to individual investors. It is difficult to ascertain the truth from the fiction. And with so much information freely available to everyone, it is not so much a question of access to information as to what to do with it.

We do not generate research in a fashion similar to brokerage houses - instead, we function as your 'gatekeeper'. Our job is to filter and analyze all available market information, derive our own conclusions, and, to the best of our ability, act accordingly for you based on your Custom Investment Policy Statement (CIPS).