Wealth Management

A bottom-up, active approach to preserving and growing your capital

The ultimate alignment of interests

Our investment process begins with you. To create your long-term wealth and investment plan, we first seek to understand your unique circumstances. We work with you and your family to identify your values, priorities, and short- and long-term objectives to help you connect your wealth plans to your goals and your goals to your values. Only then do we create a plan that is tailored to meet your objectives.

 

As owner-operators, our executives manage clients’ investments as if they were their own, because they are. The fact that we co-invest with our clients creates a unique investment culture and a distinct alignment of interests. 

Asset Allocation and Beyond: A Personalized Approach to Portfolio Construction

Chief Investment Officer (CIO) Justin Reed, Deputy CIO Ilene Spitzer, and Head of Client Portfolio Management and Strategy Niamh Bonus take a closer look at the sophisticated frameworks we use to enhance the traditional portfolio construction process.
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Justin Reed

Partner
Capital Partners
New York City, NY | USA

Justin Reed is a Partner of BBH and the Chief Investment Officer. In this role, he leads the Investment Research Group, which is responsible for asset allocation, manager selection and monitoring,…  Learn More

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Investment Objective and Philosophy

Our investment objective is to preserve and grow your capital over the long term. We do this by adhering to a consistent investment philosophy that aims to build portfolios that can weather different economic cycles and create sustainable generational wealth.
 
Core Tenets of Investment Philosophy
This table shows the core tenets of BBH’s investment philosophy, which include active management, concentration, and bottom-up fundamental research; a unique view of risk; an intrinsic value/margin of safety framework; and a disciplined, patient, and long-term ownership perspective.
Active Management, Concentration; Bottom-Up Fundamental Research 
Unique View of Risk 
Intrinsic Value/Margin of Safety Framework 
Disciplined, Patient, Long-Term Ownership Perspective 
Conduct rigorous fundamental analysis to project potential investment’s value Believe biggest threat to financial health is capital impairment and inflation, not volatility Seek strategies that invest in securities trading below their intrinsic value1 estimate Believe waiting for an investment to realize value is the surest path to exceptional long-term returns
Partner with managers who have concentrated portfolios in which they know what they own and why View market volatility as opportunity to buy high-quality assets at a discount to valuation Insist on providing a margin of safety2 Hold cash when there are no attractive opportunities; sell when investments no longer offer acceptable returns relative to loss potential
1Intrinsic value represents what we believe to be the value of a security based on our analysis of both tangible and intangible factors.
2A margin of safety exists when we believe there is a significant discount to intrinsic value at the time of purchase.

Investment Research Group

Our Investment Research Group partners with like-minded investors to preserve and grow our clients’ capital over the long term.

Learn more here

Sustainable Investing and ESG

We have found that many seek to incorporate their core values in their investment portfolio. Interested in our approach to sustainable investing and how we align your portfolio with your values?

Learn more here

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How We Construct Our Policy Portfolios

 
We collaborate with clients on a customized asset allocation that reflects their return expectations and liquidity needs. We seek to preserve and grow our clients’ capital in the long run by adhering to a disciplined, patient long-term investment philosophy. These beliefs are core to how we invest as a firm, and we do not deviate from them in times of market stress, nor do we deviate from them to chase returns. Our clients appreciate our patient, consistent approach to investing. 

Read Infographic Text Version

How We Construct Our Portfolios graphic shows the spectrum of BBH Policy Portfolios, including Stable Value, Balanced, Balanced Growth and Growth. It covers where these fall in terms of Return Objectives, Income Objectives, Liquidity, Likelihood of Volatility/Drawdowns and Definition of Risk. On one end of the spectrum is the Stable Value portfolio, which has a narrower range of outcomes. Its return objective is preservation of purchasing power and capital, its income objective is higher, its liquidity is higher, its likelihood of price volatility/drawdowns is lower, and its definition of risk is permanent capital impairment and failure to meet spending needs. On the other end of the spectrum is the Growth portfolio, which has a wider range of outcomes. Its return objective is preservation of purchasing power and growth of wealth over time above inflation, its income objective is lower, its liquidity is lower, its likelihood or price volatility/drawdowns is higher and its definition of risk is permanent capital impairment and failure to beat inflation.

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This communication is for informational purposes only.  The information herein has not been based on a consideration of any individual investor’s circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice.  Individuals should consult their personal tax, accounting and legal advisers regarding any potential investment or strategy.  Any views and opinions are subject to change at any time.

This material does not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized to do so.

Investment Advisory Products and Services:

NOT FDIC INSURED   NO BANK GUARANTEE    MAY LOSE VALUE

 

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Important Information for Non-U.S. Residents

You are required to read the following important information, which, in conjunction with the Terms and Conditions, governs your use of this website. Your use of this website and its contents constitute your acceptance of this information and those Terms and Conditions. If you do not agree with this information and the Terms and Conditions, you should immediately cease use of this website. The contents of this website have not been prepared for the benefit of investors outside of the United States. This website is not intended as a solicitation of the purchase or sale of any security or other financial instrument or any investment management services for any investor who resides in a jurisdiction other than the United States1. As a general matter, Brown Brothers Harriman & Co. and its subsidiaries (“BBH”) is not licensed or registered to solicit prospective investors and offer investment advisory services in jurisdictions outside of the United States. The information on this website is not intended to be distributed to, directed at or used by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Persons in respect of whom such prohibitions apply must not access the website.  Under certain circumstances, BBH may provide services to investors located outside of the United States in accordance with applicable law. The conditions under which such services may be provided will be analyzed on a case-by-case basis by BBH. BBH will only accept investors from such jurisdictions or countries where it has made a determination that such an arrangement or relationship is permissible under the laws of that jurisdiction or country. The existence of this website is not intended to be a substitute for the type of analysis described above and is not intended as a solicitation of or recommendation to any prospective investor, including those located outside of the United States. Certain BBH products or services may not be available in certain jurisdictions. By choosing to access this website from any location other than the United States, you accept full responsibility for compliance with all local laws. The website contains content that has been obtained from sources that BBH believes to be reliable as of the date presented; however, BBH cannot guarantee the accuracy of such content, assure its completeness, or warrant that such information will not be changed. The content contained herein is current as of the date of issuance and is subject to change without notice. The website’s content does not constitute investment advice and should not be used as the basis for any investment decision. There is no guarantee that any investment objectives, expectations, targets described in this website or the  performance or profitability of any investment will be achieved. You understand that investing in securities and other financial instruments involves risks that may affect the value of the securities and may result in losses, including the potential loss of the principal invested, and you assume and are able to bear all such risks.  In no event shall BBH or any other affiliated party be liable for any direct, incidental, special, consequential, indirect, lost profits, loss of business or data, or punitive damages arising out of your use of this website. By clicking accept, you confirm that you accept  to the above Important Information along with Terms and Conditions.

 
1BBH sponsors UCITS Funds registered in Luxembourg, in certain jurisdictions. For information on those funds, please see bbhluxembourgfunds.com



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