What do you invest in?
We use mostly institutional mutual funds and some ETFs (exchange-traded funds) to diversify across asset classes, such as cash, bonds, stocks and non-traditional. Institutional classes of mutual funds let us get cheaper operating expenses than investors can access on their own. All mutual funds have internal operating expenses which pay for the manager, the analyst, and all those prospectuses you get in the mail. A lower operating expense ratio means higher performance per year. These lower expenses offset a portion of our fees.