Our Investment Philosophy
With a goal of growing assets across generations, you can’t afford to be complacent or rely upon luck. To prosper, your investment portfolios need to be invested so that they can withstand adversity and adapt to change.
Our investment decisions are driven by opportunity, not process or capacity.
Through detailed fundamental research, we develop investment themes that combine long-term favorable fundamentals, attractive valuations, and expert managers who can add measurable value. We make impactful commitments to these investment opportunities, which may play out over a few years or run for a decade or more.
In less efficient investment markets, we develop long-term relationships with active managers.
In less-efficient markets, we seek long-term relationships with active managers who demonstrate sustainable competitive advantage. We regularly assess how these managers add value, net of fees and taxes. Our clients benefit from access to our long-standing relationships with exceptional investment boutiques.
In publicly traded markets, we use primarily low-cost, low-turnover portfolios.
In traditional public equity and debt markets, it is extremely difficult to identify those investment managers that will add value prospectively. In these markets, we think it is in our clients’ interest most of the time to use broadly diversified, low-cost, tax-efficient portfolios.
WSP’s investment strategies, like all investment strategies, involve the risk of loss. Past performance is not indicative of future results.