Davenport Watts & Drake Investment Advisors, LLC manages the assets of its clients using the core strategies of asset allocation, asset diversification, and periodic rebalancing with a long-term perspective while minimizing income taxes. Along with our own experience and expertise, we use Litman Gregory Analytics, LLC for our base investment platform. Our relationship with Litman Gregory enables us to provide our clients with the best possible knowledge so that your goals are met.
Our relationship with Litman Gregory is another strategic alliance we have formed to allow us to remain a client-centered firm. Litman Gregory Analytics is the research company that we use in the construction of our base asset allocations and investment platforms. Davenport Watts & Drake does not have a financial relationship with Litman Gregory, so we are completely objective and free to utilize any other partners that may better serve your needs.
Litman Gregory offers investment professionals its in-depth asset class research and manager due diligence, as well as their risk-managed models with a 22-year proven track record. Partnering with Litman Gregory as our investment strategist and research arm provides significant benefits to our clients as it allows us to cover more managers in greater depth and helps us identify and monitor money managers in whom we have a high degree of confidence will outperform over the long term.
Litman Gregory is widely known and trusted among fee-based advisors and the national financial media for the quality of its research. Litman Gregory employs a very detailed, highly disciplined approach that is based on three core beliefs that echo Davenport Watts & Drake’s beliefs. First, they believe that while markets are normally efficient, there are periods where fear and greed lead securities prices to become disconnected from their underlying economic fundamentals. Second, they believe that these periods can create longer-term opportunities because over the long term, prices and fundamentals will eventually converge. Third, they believe that through careful initial and ongoing due diligence they can identify managers who will outperform a comparable benchmark. Drawing on these principles to manage real-world portfolios involves balancing risk and opportunity to achieve long-term investment goals.
We at Davenport Watts & Drake Investment Advisors, LLC are often asked about the latesthot topics in the investment arena. We always base our responses on the same strategies and core principles. We are convinced that slow-and-steady will win the race. By sticking to solid asset allocation and avoiding emotional investing, our diversified portfolios may not hit every homerun, but crises can be worked though and the gains will outweigh the losses. There is value in the market, and we believed solid market principles would be rewarded. When faced with hot topics or crises, we continue to stick with our basic portfolios only making minor adjustments as opportunities present themselves.
Our game plan is based on asset allocation and diversification. We’ve chosen seasoned fund managers that have their own proven strategies. We rebalance, cutting back our stake in what has already outperformed and investing more in the areas that are most likely to perform next. It is inevitable that markets become out-of-balance from time to time, but we believe that certain market fundamentals are solid, and over time, market balance will return. We employ these same basic principles time-and- time again. Basic fundamentals give us confidence, and we want them to give our clients peace of mind.
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