Investments

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Mural, Mission at Steuart

Investments

The traditional approach to providing personal financial services — focusing on investments alone at the expense of seeing the big picture — is out-of-date and ignores the increased complexity of financial decision-making today. Your portfolio is only part of your financial picture. To be effective, investment planning needs to be integrated with the other aspects of your financial situation. Our approach to money management is based on your needs and goals, and the results of the planning we do together.

Other advisors will tout their skill in stock-picking or investment research. Satori’s founder was profoundly influenced by the work of Roger Ibbotson, Professor in the Practice of Finance at Yale’s School of Management, under whom she had the privilege to study. Widely known for his research in the history of returns in U.S. financial markets, Ibbotson has studied more than 80 years worth of returns of various asset classes. This research has shown that approximately 90% of the variability in portfolio returns is due to the asset allocation decision and it appears that

on average money managers are “not adding value above their asset allocation policy due to their combination of timing, security selection, management fees and expenses.”

If this is true, why would you pay a financial advisor?

We don’t offer active management of stocks. We don’t pretend to know what will happen in the stock market. We don’t consider stock picking or market timing to be investing: we call it gambling. Our recommendation is that if you want to gamble, go to Las Vegas, because at least there they’ll comp your drinks.

The strategies we recommend focus on controlling the factors you can (how much you spend, how much you save, what you pay in taxes and fees) and respecting forces beyond your control (financial market performance). In working with you to achieve or preserve financial independence, we will never recommend taking risk for risk’s sake alone.

We focus our work with you on your plans, financial and otherwise.  We don’t really know what to do with your investments until we understand what you need them to do.  And that’s where Integrated Planning comes in.