Seaport Wealth Management

We recognize the critical importance of investment performance, while protecting and growing the purchasing power of our clients' portfolios through economic and market cycles. Our analysis of general market conditions will determine whether we are in an offensive wealth accumulation or defensive wealth preservation mode.

Separately Managed Account

The Separately Managed Account (SMA) structure is transparent and flexible, enabling our clients to access and review accounts at their own discretion. At Seaport we set up an individual account for our client at Charles Schwab and the client grants Seaport trading authority over that account. In an SMA, the client's Schwab account holds the actual securities purchased according to the Seaport strategy and the client can access and review his/ her account directly through the Schwab internet portal. We have highly personalized service, and our goal is for our clients to have the peace of mind that their assets are being managed in a thoughtful and consistent manner.

Seaport Investment Partners

We seek absolute returns through strategic investment in private equity, private debt, and a portfolio of hedge funds/outside managers. Alternative investments, whether through hedge funds or private partnerships, can be an integral part of a client portfolio. We pay special attention to the correlation between asset classes and strategies, recognizing that a multi-strategy portfolio with low correlation between asset classes will usually lower overall portfolio volatility and increase expected returns. A long term, diversified program of investments across real estate, hedge fund strategies and private equity can add significant investment benefits to an investment portfolio.

Investment Philosophy

Our clients' interests are our focus. Keeping assets invested through market cycles is critical to long-term superior investment performance. We are long-term investors, with a secular perspective over a 3-5 year time horizon. We have institutional-quality, direct investing capability. We aim to protect and grow the purchasing power of our clients’ portfolios through economic and market cycles.

We believe that liquidity, growth and valuation drive markets. We are not market timers, and we are asset class and geography agnostic. We make gradual adjustments to our portfolio through the market cycle based on our assessment of these factors and the degree to which we believe we are being compensated for risk.

We are value-driven investors. In our view, price paid for an asset is the primary driver of long-term returns. Permanent principal loss results from over-paying for an asset. A fundamentally driven process drives security selection.

We are risk-centric investors. We utilize our experience—fundamental and quantitative analysis to manage portfolio risk. Market conditions will determine whether we are in an offensive wealth-accumulation or defensive wealth-preservation mode.

We are tax aware when appropriate. We strive to maximize after tax returns. Investment merit always dominates tax considerations in our investment decision-making. Our foremost focus is on a total return combined with disciplined risk management. Our approach to investment management begins and ends with the following client objectives:

Mitigate downside volatility
Optimize compound annual total return
Minimize fees
Minimize taxes

We strive to meet the unique investment objectives of each of our clients by:

Utilizing portfolio management strategies designed to minimize taxable gains and maximize after-tax returns.
Selecting the type and mix of securities best suited to a client's capital appreciation and income generation goals, risk tolerance, tax status and other unique requirements.
Observing disciplined equity and fixed-income security selection processes.

Key elements of our investment philosophy are:

We invest with a long-term horizon.
We are value-driven.
We are risk-centric.
We invest globally.
We are benchmark agnostic.
We focus on after-tax returns.