Tax-Sensitive Investing. We believe that managing portfolios in a tax-sensitive manner can provide a significant benefit to clients with taxable accounts. So our investment process incorporates an additional layer of review and management for those accounts. We look at our taxable accounts every day for loss-harvesting opportunities. We seek to minimize the generation of short-term gains. We use tax-free municipal funds and more tax efficient funds in appropriate situations. We monitor when funds are about to pay shareholder distributions and avoid them when advisable. In these and other ways we use our judgment and best efforts to look out for the interests of taxable clients.

Of course, generating gains in a portfolio is important. But minimizing losses in poor markets and reducing taxes is just as important. Every dollar we save for a client is worth just as much as every dollar we earn.

-Geremy van Arkel, CFA, Principal