An Independent Practice
Modern Portfolio Theory
One aspect of our advisors' investment philosophy that is similar to our best competitors' is our adherence to Modern Portfolio Theory. Developed by Nobel Prize winner professor Harry Markowitz, this theory suggests that investors can mitigate market risk for an expected level of return through portfolio diversification and noncorrelated assets.
Rebalancing and diversification do not ensure a
profit or protect against a loss.
Rebalancing a non-retirement account could be a taxable event that
may increase your tax liability.