Equity Portfolios


Like the VICTORY portfolio, companies are purchased first because they trade at attractive valuations relative to our assessment of intrinsic value. In addition, companies should be able to demonstrate at least five years of dividend increases and appear to be able to sustain a rising dividend in the years ahead based on profitability and payout.


The portfolio seeks to buy companies that are growing, profitable, and well capitalized at prices significantly below our assessment of intrinsic value. The portfolio may invest in equities and hold cash whenever candidates cannot be found that meet the strategy’s quantitative criteria based on price and fundamentals.

Diversified Portfolios (Asset Allocation)


The CONQUEST program offers a range of portfolios for investors based on individual risk tolerance. Conquest’s dynamic asset allocation approach combines the benefits of both strategic and tactical asset allocation strategies. Used together, tactical allocations are used to anticipate and respond to shifts in the market, while strategic allocations guide a longer term plan for goals that may be many years away.


This portfolio combines the WCA Rising Dividend and Laddered Bond portfolios in one portfolio. Combining the flexibility of a laddered bond portfolio with rising dividends can provide a hedge against inflation, and can be an appropriate addition to a retirement income portfolio. We view a well-constructed portfolio as a triangle. At the base of the triangle are high-quality bonds. Equity investments are then added to provide higher potential return.

Fixed Income Portfolios


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 ranging from one to ten years. The average maturity in the portfolio remains near 5-6 years, but there is flexibility for the portfolio’s yield to adjust as bonds mature and are replaced with new 10-year bonds.