Our Investment Strategies
DWM Enhanced Municipal Bond Strategy – This strategy is composed of the active management of a diversified portfolio of long-term municipal bonds. Our goal is to provide investment portfolios that possess the flexibility to invest across sectors, maturities, and various levels of credit quality. We use duration, curve positioning, credit analysis, issuer and sector selection, as well as bond structure to add value to our portfolios. The objective of this strategy is to obtain high after-tax income while preserving capital. This strategy is more suitable for clients that have a higher risk tolerance and a longer-term investment horizon. We benchmark this strategy to the Barclays Municipal Index of bonds with 12-27 year maturities.
DWM Equity Value Strategy - This strategy is composed of diversified domestic equities. The selection criteria for these equities are that they are made up of companies that selling at a discount to the market in terms of their current P/E ratio, possess exceptional management, demonstrate consistent positive cash flow, and have low balance sheet leverage. The objective of this strategy is to capitalize on companies that have a competitive edge in their respective sector and should be able to grow their value in bull markets and not be a volatile in bear markets. We benchmark this strategy to the annual S+P 500.
DWM Enhanced Equity Value Strategy – This strategy is composed of a blend of 80% of the Equity Value Strategy and up to 20% of equities that are growth oriented in nature. The 20% consists of companies that tend to be innovators in their business sector and generally possess higher relative strength indicators. The objective of this strategy is to capitalize on the strengths of the Equity Value Portfolio and supplement this list with companies that have greater growth potential. We benchmark this strategy to the annual S+P 500 index.
DWM Blend Strategy – This strategy is composed of a blend of Enhanced Municipal Bond Strategy and the Equity Value Strategy. The objective of this portfolio is to be more defensive in nature and provide the portfolio with constant yield that it can either reinvest or distribute depending on the investment objective as well as maintain growth without exposing the entire portfolio to interest rate sensitivity. We benchmark this strategy to a combination of the Barclays Long Municipal Index for 12-27 maturities (50%) and the S+P 500 index (50%).