In seeking to produce attractive returns for our clients, we seek to find the best fundamental investment values possible and plan to hold the securities for an extended period of time. Trading in and out of stocks trying to time market movements or chasing the latest fad is not only impossible to do with any consistent success, but it also generates tax liabilities and trading expenses that serve only to reduce the investor's rate of return. Because most of our clients are taxable investors, we must consider taxes in every investment decision we make for them. We also pay considerable attention to managing capital gains by matching gains and losses and by minimizing turnover in our portfolios. Past performance may not be indicative of future investment results.
Any investment involves potential risk, including potential loss of capital.
Before making any investment decision, please consult your legal, tax and financial advisors. If you are interested in receiving further information about these services, U.S. Trust can send you printed materials. All rights reserved.