The primary focus here is on income, capital preservation and cost control. Rigorous ongoing research and due-diligence is conducted on all managers and investment vehicles being used or considered. We may use separate account managers, mutual funds, ETFs, alternative investments, structured products and some individual bonds to implement our portfolios. Where appropriate, we are firm believers in the use of alternative investments and structured products, including managed futures. When the specific client’s situation dictates, we implement our proprietary discretionary management of bond portfolios, both investment-grade taxable bonds and quality tax-free municipal bonds. We also have the ability to manage special requirement accounts with discretion, including balanced portfolios, legacy low-basis stock positions, covered call writing and ETF portfolios.