Asset Allocation
At Middleton & Company, we actively manage the asset allocation process.
We believe that proper asset allocation accounts for the majority of investment returns. For Middleton clients, asset allocation is considered from two distinct perspectives – the client’s individual perspective and from relative valuations in the marketplace.
Each client’s own specific requirement for income, liquidity, capital appreciation, taxes and risk tolerance will define the appropriate target ranges for the major asset classes within their portfolio.
Then, relative valuations among asset classes and our forward-looking analysis will determine where, within the target range, the allocation should be set at any given time. As valuations change between asset classes, portfolios will be adjusted accordingly.
It is only through this combination of perspectives, a client-driven investment policy and a market-driven investment strategy, that a successful outcome is achieved.