Asset Allocation

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Every portfolio we build uses three types of building blocks: defensive assets that protect capital, traditional growth assets that drive long-term returns, and non-traditional growth assets that provide diversification and income.

Three Types of Building Blocks

Building BlockPurposeExamplesRole in Portfolio
DefensivePreserve capital and reduce volatilityTreasury bonds, cash equivalents, structured notesAnchor the portfolio during market downturns
Traditional GrowthDrive long-term capital appreciationU.S. equities, international stocks, REITsGenerate the growth needed to meet long-term goals
Non-Traditional GrowthDiversify returns and generate incomePrivate equity, real estate, alternative creditReduce correlation and add return streams

Building Blocks Contain Strategies

Each Building Block holds specific strategies. The mix and weight of each is set inside the broader plan, not in isolation.

Defensive

Preserve capital, fund near-term cash flow, anchor the portfolio during drawdowns.

  • Low Risk Short-Term Cash Flow
  • Moderate Risk Long-Term Cash Flow
Traditional Growth

Drive long-term capital appreciation through listed equities, both systematic and discretionary.

  • Moderate Growth
  • Total Growth
  • Large Cap Quant
  • Small Cap Quant
  • American Value
  • Protected Equity Growth
  • Hand-Picked Stocks
Non-Traditional

Diversify return streams and reduce correlation through private markets and alternatives.

  • Non-Listed Non-Traditional

How We Construct Portfolios

We start with your goals, time horizon, and risk tolerance. Then we determine the right mix of building blocks to create a portfolio that balances growth potential with downside protection. Each portfolio is individually tailored, there is no one-size-fits-all model.

Which Building Blocks Help You Most?

The optimal allocation depends on what your investment objectives are and where you are in your financial life. Schedule a portfolio review to see how your current allocation compares to where it should be.

Who This Is For

Who this is for
  • Investors who want a coordinated portfolio built from defined building blocks, not a scattered collection of holdings
  • Clients whose allocation should reflect their goals, time horizon, and risk tolerance
  • Those who want defensive, traditional-growth, and non-traditional assets working together
  • Investors who want their allocation reviewed against where it should be, not left on autopilot
Who this is not for
  • Investors chasing a single hot stock or fund rather than a whole-portfolio approach
  • Anyone wanting an off-the-shelf model with no tailoring to their situation
  • Those unwilling to hold any defensive allocation that trades some return for stability

Risks, Costs, and What to Weigh

  • Allocation is a tradeoff: defensive assets reduce volatility but temper returns, while growth assets raise both potential return and risk.
  • There is no one-size-fits-all model; the right mix depends on your goals, time horizon, and tolerance for volatility.
  • Non-traditional building blocks add diversification but are typically less liquid and carry their own risks.
  • An allocation is not set-and-forget; it should be reviewed and rebalanced as markets and your life change.

Written by: Stefan Whitwell, CFA®, CIPM

Reviewed by: Rosemary Wright, CFP®

Last updated:

Frequently asked questions

What are the three building blocks in a portfolio?
Defensive assets preserve capital and reduce volatility; traditional growth assets, chiefly equities, drive long-term appreciation; non-traditional growth assets, such as private markets and alternatives, diversify returns and add income. Most portfolios combine all three.
How do you decide my allocation?
We start with your goals, time horizon, and risk tolerance, then set the mix of building blocks to balance growth potential with downside protection. Each portfolio is individually tailored; there is no one-size-fits-all model.
What goes inside each building block?
Each building block holds specific strategies. Defensive holds cash-flow strategies; traditional growth holds our equity strategies such as Moderate Growth, Total Growth, and the Quant strategies; non-traditional holds private-market and alternative allocations.
How often should my allocation change?
An allocation is not set-and-forget. We review it against where it should be and rebalance as markets move and your goals, time horizon, and circumstances evolve.
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