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Guyasuta Investment Advisors provides personalized equity and fixed income portfolio management for high net worth individuals, families, and institutions. Our investment process allows us to transform long term investment opportunities that are uncovered in our research into investment actions, and to monitor and evaluate our current holdings.
On the equity side, after potential investments are discovered in our initial screening process, we then begin an extensive due diligence process which examines the company's financial health, end markets, and growth strategy. During this process we conduct detailed reviews of available financial data, and conduct conference calls or meetings with representatives from the company being reviewed. Whenever possible, we interview senior management to gain further insight in to the company's corporate culture. The opportunity is then analyzed in terms of how it would fit in to our existing portfolio. Only after we understand the investment, and its role in our clients' portfolios, is action taken.
On the fixed income side, we have an extensive network of contacts on the bond desks of major financial institutions. We are in contact with them on an ongoing basis to seek out attractive fixed income opportunities that meet our stringent credit standards. By purchasing bonds directly from institutional bond desks we are able to eliminate a middleman, thereby reducing costs for our clients.
Our investment process is highly collaborative, and the principals of the firm interact daily to discuss and implement investment strategy. At formal weekly meetings, our core list of equities is reviewed. The fundamentals and market performance of each stock are analyzed with reference to economic data, political developments and international events. From these meetings, strategies are developed and changes implemented where necessary in client accounts. Our focus is on long-term trends, but analysis and discussion occur daily.
An attractive result of our investment style is that it tends to be relatively cost efficient. The annual turnover of securities within our accounts averages between 20 - 25 percent. As we do not rely on mutual funds or pooled accounts, we can control operational expenses as well as the timing of capital gains, thereby focusing on after-tax returns. Our longer-term approach, combined with our ability to trade securities through quality institutions at institutional-like commission rates, results in direct savings for our clients.
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