Asset Allocation

Research has continually demonstrated that asset allocation decision determines the majority of volatility of expected returns for any portfolio. This is why asset allocation is fundamental to everything we do. We use each client’s unique return objective and risk tolerance to establish the acceptable universe of asset classes that are within the client’s guidelines.

The asset allocation process is overseen by Miles’ Asset Allocation committee which includes our President & CIO, Director of Equity, Director of Fixed Income, a Senior Fixed Income Portfolio Manager and a Senior Relationship Manager. Our Asset Allocation Committee utilizes a modeling methodology to establish expectations for long-term market movements using return expectations, historical correlations and risk profiles, which help us craft a tailored mix of the acceptable asset classes that will be expected to meet the client’s needs over the long term.

We provide exposure to this optimal mix of asset classes in various ways. We offer expertise in active management for many asset classes through individual security strategies. For other classes we provide efficient options such as exchange traded funds that represent well-diversified, passively managed pools. Success over the long term is enhanced by tactical shifts between asset classes, designed to take advantage of short term market dislocations to create outperformance.