Trust/Advisory

Through Salient Trust Co., we manage assets for institutions and high net worth individuals on a discretionary basis. In this regard, we provide the following services:

• Asset Allocation
• Manager Selection
• Re-Balancing
• Reporting

Our philosophy is to manage assets for clients in the same manner as a large, sophisticated institution would manage its own assets. In this regard, we use Modern Portfolio Theory and mean reversion analysis to allocate assets, which is the principal driver of investment returns.

Our tactical asset allocation model is updated daily and focuses on the relative expense/value of asset classes to make asset allocation decisions based on a series of metrics that we believe have proven – over time – predictive of future returns. Our asset allocation model is proprietary and continuously improved. While our model is based on quantitative analysis, we review allocations derived from the model and make changes to the allocations based on our experience and best judgment. After all, judgment and experience is what our clients expect from us, and regardless of the sophistication of our models, our experience is determinative.

Once our asset allocation is established, we attempt to populate a portfolio with best in class investments, whether in-house or provided by third parties. We manage about half of a client’s portfolio in-house, since we believe that our money management capabilities are among the strongest around.

We provide client reporting on a quarterly basis, though our clients receive monthly reports and can view their accounts on-line. Our client interactive web-site provides a monthly snap-shot of our views and analysis of the markets.