A comprehensive written Investment Policy Statement to guide in making sound, disciplined investment decisions.
A fiduciary investment advisor with the highest duty recognized by law, and not merely a commercial brokerage caveat emptor (buyer-beware) relationship.
A fee-only investment advisor without commissions and conflicts of interests.
An Evidence-Based, Long-Term, Asset Class, investment strategy is preferable to active security selection and market-timing schemes.
Markets are efficient. Any inefficiency in the market is quickly corrected before the typical investor can capitalize on any inefficiency.
Diversification within asset classes and among asset classes is essential to optimizing risk and return in a portfolio.
Costs Matter. The only thing guaranteed is the more you save in internal and other costs the more you make.
Taxes Matter. The objective is to optimize after-tax returns.
Inflation is as real as it is pernicious. Only the inflation-adjusted, or real, returns matter to clients.
The long-term investment in equity asset classes is designed to capture growth; bonds are utilized to provide income and stabilize volatility.
The world economy is larger than our domestic economy; to reduce risk and increase return long-term international investing is essential.
Conflicts of interest? Not with Siena.
We provide advice and recommendations that are in the client's best interest. Period. Not because we are legally obligated to (although we are). Note because it works well as a business model (it does). Simply because it is right. Our other goals follow the path of this guiding principle.
Pursuant to the Investment Advisers Act of 1940, we follow a fiduciary duty standard of care. This is often referred to as the highest legal duty of care for a client's welfare, and it's one we gladly accept - in contrast to the less-stringent suitability standard.