Melissa Segreto

UBS Financial Services' asset allocations are based on a proprietary methodology. In developing those allocations, the firm considers asset class risk and return results that are based on estimated forward-looking return and risk assumptions, as measured by standard deviation, which are based on UBS proprietary research. The development process includes a review of a variety of factors, including the return, risk, correlations and historical performance of various asset classes, inflation and risk premium.

HCM’s investment philosophy emphasizes capital preservation while providing competitive risk-adjusted returns. Their investment approach is characterized as a value style in that they source investment candidates among companies with stocks trading at a discount to intrinsic value. The firm typically invests in individual equity, fixed-income and cash equivalent marketable securities for separately managed accounts. Additionally, for certain accounts and at its discretion the firm also invests in exchange traded funds and mutual funds. Their decision to sell a portfolio holding generally occurs for several reasons; if the stock reaches their intrinsic value, they may sell all or a portion of it; if the position grows to become larger than 10% of their equity portfolio, they typically will reduce it. If conditions change, and the firm’s investment thesis proves invalid or impractical, they may sell it.

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