Equity Investing

We seek to buy growing, profitable, and well-capitalized businesses at reasonable prices. The habit of relating quality to value is central to the WCA equity investing process.

Read More

Asset Allocation

A comprehensive suite of asset allocation portfolios focused on matching investment objectives with risk tolerance.  Both passive and active strategies are offered.

Read More

Fixed Income

This portfolio seeks to generate a stream of income from a portfolio of 30 investment-grade corporate bonds. The portfolio is constructed as a “ladder” with maturities spanning 10 years.

Read More

Recent Commentary

2016 Fourth Quarter Asset Allocation Report

The economy continues to gradually improve from a near stall earlier in the year.  Earnings forecasts are increasing, and cash returns to equity investors look appealing compared to record low Treasury yields.  With signs of economic slack abating, the Fed now seems to be on track for a December rate hike. Equity allocations in portfolios were increased to overweight during the summer, and we continue to maintain a tilt toward large capitalization domestic growth stocks versus foreign.  Bond allocations are tilted away from low-yielding, long-term Treasuries, favoring shorter-duration and higher-yielding corporate debt. Full Report Click Here

Viewpoint 2016 — Long Run Assumptions

Our macro outlook is for slow growth and stubbornly low inflation. The start of policy normalization following years of zero interest rate policy in the United States comes at a time of weakening global growth and mixed signals from the domestic economy. We continue to view the United States economy as best positioned to weather the overall weak global environment that resurfaced in 2015. In this report, we take a long-term view and address expectations for markets over the long run. Full Report Click Here  

In Support of Rising Dividends

We believe companies with a history of increasing dividends provide a good starting place in a search for fundamentally strong and growing companies. Importantly, steady dividend growth often follows consistent profitability and shareholder-focused management. A dividend growth perspective looks beyond today’s yield and considers other factors, such as quality, growth, risk, and value. A track record of dividend increases can be viewed as a tangible signal by a company’s management that they are both willing and able to boost a payment to shareholders. This commitment suggests quality fundamentals currently and an expectation of continued improvement into the future. Full report