Wealth Management

The Quest Difference

Quest believes that investors should be compensated for the risk they take. Most investment programs examine total return and total risk, where total risk is defined as the volatility of a set of returns and measured by standard deviation. While we believe this is a good start, we feel it does not go far enough in identifying and evaluating the different sources of risk and return. Specifically, the “total return, total risk” approach fails to distinguish between the components of risk and return generated by the market and those generated by the investment manager.

Our approach is different. By adapting a process pioneered by Raymond James®, we break down risk and return into their “active” and “market” components. This allows clients to attempt to control the level of active risk in any portfolio (the “risk budget”) and to measure the value added by the separate account or mutual fund managers independent of the markets. Only then do we feel that investors can truly determine whether they are getting paid for the risk they take.

The Quest Investment Process

The success of any financial plan depends how successfully the investment plan can meet or exceed the long term objectives established for it. The Quest investment process, centered on the management of risk, provides just such an approach.

(There is no guarantee that any strategy or recommendation will ultimately be successful. Past performance, while indicative, is not a guarantee of future results.)