At Centric Wealth Advisers we service affluent clients, some small institutional portfolios as well as wealth accumulation clients.
We construct our portfolios by focusing on investments that offer substantial underlying value, for example having real assets or the capacity to generate sustained and growing income streams. We believe that the flexibility of ready liquidity is an important element of most portfolios, though there are occasions where we identify merit in the inclusion of specific illiquid assets.
We believe in diversification across a range of asset classes, and also within each market. Appropriate diversification is maintained systematically through rebalancing. Diversification of income sources (for example rent, dividends and interest) is a method for smoothing portfolio
cash flows. Further, within most markets, there is less volatility of income than of capital (for example, a share may distribute steady and growing dividends even though its price might fluctuate substantially) and we build portfolios around a stable and growing income stream.
Our objective is, over the long-term of say five years or more, for our clients to achieve sound returns, well in excess of inflation. In those markets where expertise can produce greater rewards, particularly the stock market (in contrast to say cash), we believe we can achieve above average (that is, above market index) long-term returns for our clients.
At Centric, we understand the need to remain within our circle of competence. We make no attempt to engage in short-term market timing, which we believe to be impossible.
Robert Keavney
Chief investment strategist
Centric Wealth Advisers
