The D&A investment philosophy centers on long-term strategic asset allocation as the main driver of portfolio returns and diversification amongst asset classes as the primary means of managing risk. We seek to determine and manage the most appropriate portfolio asset allocation for a client given their goals and stated risk tolerance.
The foundation of our analysis is based on strong academic theory supported by an understanding of the relationships between the returns, risks, correlations and other statistics of the major asset classes. We believe that high fees and historical underperformance of “active” managers are a detriment to portfolio performance so our main focus is on low-cost passive index-based assets. We believe a well-diversified portfolio of passive macro asset class ETFs and mutual funds with other assets tailored to your specific needs can help you achieve your goals.