Our academically based philosophy aligns well with high net worth and institutional clients looking for a solution that concentrates on principal preservation.
1 True Customization Based Upon a Client’s Unique Circumstances• Perform a thorough discovery process to uncover your total needs and objectivesto create a written fixed income investment policy
- Maximize after-tax returns within a client’s risk tolerances
- Harvest tax losses year-round
2 Our Interests Are Aligned With You
- Obtain bonds from the competitive market, not from a selection of bonds held in inventory
- Receive best execution by leveraging our large trading volumes
- Find transparency in an opaque market with one management fee and no additional fees (no advisor commissions or bond markups) for BAM’s in-house fixed income expertise solely on fixed income.
3 Quality Advice Based Upon an Academically Based Philosophy
- Maintain high credit quality
- Emphasize return of principal versus maximizing return on principal
- Consider only proven, low-default sectors (tax-exempt)
- Capture higher expected returns through maturity extension when warranted
4 Flexible Instrument Implementation
- Employ taxable, tax-exempt and inflation-protected securities
- Use individual bonds and mutual funds
When it comes to the fixed income portion of your portfolio, think of it as a safety net.
It is there to provide security, a buffer from market volatility, protection for wealth already accumulated.
Too often, fixed income is treated as a footnote, an afterthought.
At BAM, we have a dedicated, experienced, specialized team of advisors who focus solely on fixed income.
They understand the safety, security and protection that fixed income offers and incorporate it into a portfolio that reflects our clients’ ability, willingness and need to take risk.
We treat fixed income as the serious investment that it is.
San Gabriel & BAM VS Traditional Brokerage
Traditional Broker Model
- Bonds Sold from inventory
- Bonds may have significant markups
- Transactional services
- Suitability Standard
Advice?
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SGC & BAM
- No inventory
- No ability to mark-up bonds
- Put bond dealers into competition
- Fiduciary standard
- Unbiased advice
BAM’s Fixed Income Department – Size and experience do matter!
- Eight fixed income advisors
- One trading specialist
- Two portfolio analysts
Assets under Advisement
- Individual bonds - $5.3 billion
- Fixed income funds - $2.4 billion
- Total Fixed income - $7.7 billion
Trading Volume
- Traded $2.2 billion in 2013
Data as of March 31, 2014