Separately Managed Accounts
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Identifying, constructing and monitoring complex investment portfolios
requires a significant amount of time, insight and resources. Sumnicht &
Associatesí Separately Managed Accounts Program through Envestnet offers a
dedicated investment team to facilitate creation of customized portfolio
solutions for our high-net-worth clients.
Our investment officers follow a detailed Four Step process in creating
Step 1: Identifying
Investor Needs and Objectives
Working with Envestnet, Sumnicht & Associates profiles investors based on
their investment time horizon, liquidity needs, desired rate of return and
tolerance for risk. The result is a complete understanding of objectives and
investment horizon, an understanding of tax status, an analysis of liquidity
and portfolio concentration, determination of any asset class or security
preferences, and an analysis of investment attitude and aversion to risk.
Step 2: Determine
Asset Allocation Policy
We execute a two-step asset allocation strategy for every portfolio. First,
we create a Strategic Asset Allocation to establish parameters among asset
classes. Next, a Tactical Asset Allocation is created which aims to optimize
the long-term return of the portfolio while keeping the risk level constant.
This tactical allocation is achieved by fully evaluating the chosen asset
classes and appropriating the portfolio among select sub-asset classes.
Combined, this process delivers a detailed blueprint for the investment plan.
Step 3: Recommend
Premier Asset Managers and Implement Portfolio Strategy
Selecting asset managers wisely is critical, but it is the blending of these
managers into a portfolio that maximizes return and minimizes risk that is
the essence of portfolio management. This is accomplished through a thorough
understanding of the unique attributes of each manager. Without this insight,
the philosophy of active management is only partly achieved.
The available asset managers represent portfolio management strategies across
all asset classes and styles, and have been selected following a rigorous and
ongoing due diligence process. Our team works to develop a portfolio that
creates the appropriate solution as an integrated whole rather than in parts.
Managers are selected for the portfolio that blend well together and fit into
the determined asset allocation strategy. After we have selected the asset
managers for the portfolio, we create a fully customized, comprehensive
Step 4: Ongoing
Portfolio Management and Monitoring
Once the portfolio strategy has been implemented, we begin a multi-tiered
review process to ensure the portfolio continues to meet its objectives. We
continually monitor the chosen managers to ensure they adhere to the
philosophy and investment style for which they were selected. Ongoing due
diligence of the managers in our program ensures consistency and relevance.
Our team will also monitor portfolios for imbalances that arise as the market
shifts to favor a style or asset class. We will rebalance portfolios as
necessary to conform to the established asset allocation plan.
Request more information:
Sumnicht & Associates, LLC
W6240 Communication Court, Suite 1
Appleton, WI 54914-8549