Our philosophy of value investing emanates from the Graham and Dodd discipline of evaluating the intrinsic value of a business. We identify investments where a company's current market price is significantly discounted to its intrinsic value, or private market value. We believe such investments provide a margin of safety for the investors. We concentrate on the fundamental economics of a business, regardless of the ever-changing sentiment of other investors. We believe that by employing this value approach we can achieve outstanding risk-adjusted performance.

Each client has an investment professional assigned to them as the primary point of contact. Security selection decisions are made by the firm's Research Group in conjunction with the Investment Committee and are applied to each account. Each account is individually managed to specific client guidelines for tax-efficient management, income needs, or estate planning.