In our view simple is better. Wall Street is great at inventing wrappers to put around stocks and bonds, the instruments that make investors owners and lenders to corporations. Probably everyone has brought something home from a store and thought the packaging was either excessive or illogical. We try to avoid products that have too many wrappers.
Some products from Wall Street are great. They are reasonably priced and help investors achieve their objectives. However, many client objectives can be achieved without a ‘product’. When we design investment solutions we generally want a solid rationale to utilize a financial product.
Posts
