Managed Portfolios

ETF Target Allocation Portfolios

• Core, long term, diversified portfolios, constructed with Exchange Traded Funds (ETF’s)
• The weighted average annual management fees are very low for our ETF portfolios – between 0.04% and 0.08%
• ETF’s have inherent tax advantages over other fund structures
• ETF’s do not have short term redemption fees (like many mutual funds), making them attractive for shorter term goals
• Appropriate for investors who want a purely passive investment program
• ETF’s and ETF based portfolios can be traded throughout the day, unlike mutual funds that trade only after market close

ESG Focused Target Allocation Portfolios

• Invest in exclusively ESG oriented mutual funds and ETF’s in every asset class
• Core, long term, diversified portfolios that can be used for the majority of an investor’s goals
• Combine strategies from a diverse set of fund families
• We provide transition tax optimization and periodic tax loss harvesting for taxable accounts

Tax Sensitive ETF Target Allocation Portfolios

• Core, long term, diversified portfolios will typically be used for taxable accounts
• Appropriate for investors who are in the highest tax brackets or are very concerned about taxes
• ETF’s have inherent tax advantages over other fund structures
• We provide transition tax optimization and periodic tax loss harvesting for taxable accounts

Fundamental Target Allocation Portfolios

• Basic asset allocation portfolios that invest in low cost ETF’s
• Designed to allow smaller accounts to have access to professionally managed, reasonably diverse investments
• Able to be used with accounts as small as $1,000
• Each portfolio invests in a maximum of five ETF’s plus Cash

Income Portfolios

• The Diversified Income Portfolio invests in active mutual funds and passive ETF’s. It targets the same risk level as a traditional diversified 50% equity and 50% bond portfolio (a popular risk level for retirees). It is a broadly diversified / core strategy and can be used for an investor’s entire investment program. Compared to our traditional Active/Passive 50% Equity portfolio, it trades off some long term growth for a higher level of annual income, for investors who value current income. The annual yield should typically be between 1 and 3% higher than a traditional diversified retirement portfolio.
• The Focused High Income Portfolio invests in active mutual funds and passive ETF’s. It is a focused fund and is not as diversified as a typical core “all-in” asset allocation strategy. It is most often used as a component within a broadly diversified Investment Policy. The portfolio targets 50% exposure to equities. It targets a level of yield that is in the same range as High Yield Bonds (typically 4 to 8%), but the portfolio includes US and non-US equities, US and-non-US bonds, and alternatives to reduce interest rate sensitivity and overall drawdown risk relative to a simple high yield bond fund.

Alternative Multi-Asset Portfolio

• Invests in a broad range of alternative and non-core asset classes
• Offer the potential to lower risk and increase return
• Incorporates both inexpensive index based strategies and active investment strategies
• We provide transition tax optimization and periodic tax loss harvesting for taxable accounts

SMAs Diversified US Equity Portfolio

• Invests in a combination of active and passive US equity ETF’s and Mutual Funds
• Combines a mix of focused, uncorrelated, best-in-breed active strategies with inexpensive, broad market beta
• Covers large, mid, and small capitalization ranges, growth and value
• Provides diversification at low cost, with the opportunity to add alpha

SMAs Diversified International Equity Portfolio

• Invests in a combination of active and passive Non- US equity ETF’s and Mutual Funds
• Combines a mix of focused, uncorrelated, best-in-breed active strategies with inexpensive, broad market beta
• Encompasses both developed, and emerging market regions
• Covers large, mid, and small capitalization ranges, growth and value
• Provides diversification at low cost, with the opportunity to add alpha

SMAs Diversified Bond Portfolio

• Invests in a combination of active and passive bond oriented ETF’s and Mutual Funds
• Combines a mix of focused, uncorrelated, best-in-breed active strategies with inexpensive, broad market beta
• Spans diverse bond sectors and regions, including
  • Government, credit, mortgage, and other agency
  • Investment grade and high yield
  • Fixed income and floating rate
  • Long, intermediate, and short term
  • US and international
• Provides diversification at low cost, with the opportunity to add alpha

Tax Sensitive ETF Target Allocation Portfolios

• Core, long term, diversified portfolios will typically be used for taxable accounts
• Appropriate for investors who are in the highest tax brackets or are very concerned about taxes
• ETF’s have inherent tax advantages over other fund structures
• We provide transition tax optimization and periodic tax loss harvesting for taxable accounts

Direct Indexing Portfolios

• Invests in a broad range of alternative and non-core asset classes
• Offer the potential to lower risk and increase return
• Incorporates both inexpensive index based strategies and active investment strategies
• We provide transition tax optimization and periodic tax loss harvesting for taxable accounts