Custom Investment Solutions to Meet the Unique Needs of Each and Every Client
Concord Asset Management (“CAM”) has developed proprietary strategies through a proven and codified diligence process. The CAM team oversees an extensive due diligence and research process to ensure that strategy implementation and execution are aligned with each client’s individual needs. We offer a variety of investment services and strategies that empower both the advisor and the client. For advisors, we offer a way to differentiate their practice in a crowded and increasingly commoditized industry. For clients, we offer a service that meets their specific investment needs and helps to build a path to prosperity.
Asset Management Process
Our bespoke service begins with a 6-step process developed by the CAM team to construct and actively manage model portfolios. The process incorporates a top-down approach that is supported by fundamental analysis and leverages state-of-the-art quantitative technology to construct portfolios.
Macro Outlook
The process begins by developing a macro-thesis based on global tides, market trends, and economic data to identify the major asset classes which meet the target objective.
Quantitative Analysis
Based on the Macro-outlook long-term capital market assumptions (CMAs) are assessed for each asset class with a proprietary blend of data points including past performance and current consensus.
Optimization
CMAs and reasonable portfolio constraints are entered into our state-of-the-art technology to generate an efficient frontier. The efficient frontier is used to identify optimal asset allocations across risk tolerances.
Cross Selection
Initially models are created by selecting ETFs as placeholders for various asset classes. At this stage, ETFs and our in-house approved securities list are cross- examined to generate a direct investing solution with the optimal asset class exposures for each risk tolerance.
Re-Optimization
The portfolios are re-plotted against the efficient frontier to test for optimality and to ensure a broad exposure of expected risk and return outcomes.
Active Management
Asset classes and CMAs are reviewed and updated annually, or at the CIO’s discretion, and models are rebalanced accordingly.
Investment Core Models
CAM’s proprietary asset management process strives to yield portfolios that are appropriately diversified, cost-conscious, and tax efficient.
AGGRESSIVE
VIEW MODELLong-Term Growth & Capital Appreciation: This model aims to achieve long-term growth for investors who are willing to take on a significant level of risk.
MODERATE AGGRESSIVE
VIEW MODELAggressive Growth: This model strives to provide long-term capital appreciation for investors willing to assume a high level of risk.
GROWTH
VIEW MODELGrowth: This model strives to provide long-term capital appreciation for investors seeking to assume a moderate to high-risk level.
DIVIDEND GROWTH
VIEW MODELGrowth & Income: This model strives to provide high income and long-term capital appreciation.
BALANCED
VIEW MODELModerate Growth & Income: This model strives to provide long-term capital appreciation for investors desiring a lower to moderate level of risk.
DIVIDEND BALANCED
VIEW MODELModerate Growth & Income: This model strives to provide high income and long-term capital appreciation.
INCOME GROWTH
VIEW MODELIncome & Growth: This model strives to provide modest long-term capital appreciation and income for investors desiring a lower level of risk.
CONSERVATIVE
VIEW MODELCapital Preservation: This model strives to provide modest long-term capital appreciation and income for investors desiring a low level of risk and a focus on income.
Our Investment Strategies
Concord Asset Management has developed proprietary strategies through a proven and codified diligence process
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Disclosure
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Proactive Risk Management
Proactive Risk Management is a sophisticated hedging strategy designed to limit downside risk while still benefiting from market rallies. Concord Asset Management offers two different strategies that can be applied to any of our strategic models: constant proportion portfolio insurance (CPPI) and tail risk hedging (TRH).
Constant Proportion Portfolio Insurance
Constant Proportion Portfolio Insurance
Constant Proportion Portfolio Insurance (CPPI) consists of actively allocating between volatile assets and safe assets based on a pre-defined risk budget, typically specified as a protected asset level or floor value. The percentage allocated to each depends on the “cushion” value, defined as current portfolio value minus floor value, and a multiplier coefficient, where a higher number denotes a more aggressive strategy.
Tail Risk Hedging
Tail Risk Hedging
Tail Risk Hedging (TRH) uses options to protect against strong equity market declines, beyond what typical portfolio diversification and CPPI can provide. CAM’s TRH strategy utilizes a pre-determined target risk budget determined for each client to purchase protective options based on the portfolio’s risk exposure.
Taxable Account Migration Services
Concentrated positions and existing capital gains are often unmanageable roadblocks for successful client onboarding and efficient portfolio risk management. CAM’s taxable account migration service provides a custom, tax managed, and risk conscious solution to transition a client’s existing portfolio into the target portfolio.
Tax-Enhanced transition Support
Tax-Enhanced transition Support
Advisors and individuals will benefit from:
- The ability to create a multiyear capital gains tax budget that will be integrated within the portfolio construction and management process
- The use of direct indexing to create a custom portfolio of individual stocks and low-cost ETFs that balances a capital gains budget with a tracking error of the target portfolio
- A process that will take advantage of tax loss harvesting opportunities in individual stock to lower capital gains taxes, accelerate the liquidation of legacy concentrated positions, and reduce the tracking error to the target model