Our equity strategy seeks to identify stocks
with good growth prospects trading at reasonable valuations relative
to their peers and leading companies trading at discounts to their
intrinsic values with catalysts for valuation change. We primarily
invest in mid and large-cap companies. In addition to owning companies
across all sectors to provide broad equity market exposure, we
seek incremental excess return in specific stocks and sectors
that we believe may be positioned for above market appreciation.
These investments act as growth options around our core investment
holdings and are designed to help us achieve positive risk-adjusted
returns.
We seek to manage portfolio turnover, focusing
on after-tax, net returns, and avoiding the "Achilles heel"
of certain mutual fund and managed products. Typically, our
portfolios are diversified, consisting generally of 35-50 positions.
Value Opportunity
Our value opportunity strategy targets
stocks that we believe are positioned to appreciate faster than
the aggregate market. Mindful of our value-bias, we seek to
identify companies, which we perceive to be misunderstood by
the broader market and positioned to benefit from a transformation
such as restructuring, a changing macro, competitive or regulatory
environment, a breakthrough product offering, or industry consolidation.
In addition to value-oriented core holdings, positions will
include foreign issues and small and mid-size companies.
Equity Appreciation
Our equity appreciation strategy selects blue-chip
and value-oriented stocks (and some bonds where appropriate)
of companies with proven management teams, solid dividend yields
with the potential to increase payouts and operating businesses
that generate dependable cash flows. In addition, we seek to
complement the "blue-chip core" by investing both
in companies that we believe are positioned for sustained growth
and stocks that may be trading at steep discounts to relative
or intrinsic metrics.
Wealth
Trust Advisors Charlotte, NC
