Discretionary Asset Management

Most private clients ask us to manage their portfolios on a discretionary basis. In such a capacity, NWCM makes all investment decisions without the client's prior approval of each specific transaction; however, such decisions are made within the constraints of authority set forth in a Statement of Investment Policy. Reports from both the custodian and NWCM detail transactions, allowing the client to review these decisions-with the benefit of 20/20 hindsight-rather than be forced to make these investment decisions or approve them in advance.

When managing a portfolio on a discretionary basis, we are acting in a fiduciary capacity, meaning we are acknowledging in writing that all such decisions must be in the client's best interests. Our fiduciary obligations and our commitment to integrity assure our clients we are acting without conflict of interest.

Our firm utilizes a formal committee format for its asset management practice. The NWCM Investment Committee is comprised of six voting members. This team is charged with research on investment managers and the financial markets. The firm's strategic and tactical portfolio management is a result of the collective input and talent of the Investment Committee members. Our clients benefit from the collective experience and research of this Committee, knowing that each investment option utilized in our clients' portfolios has been reviewed and screened.