Short-term cash balances and cash reserves investments. Focus
is on capturing yields in excess of bank sweep products and 2(a)-7 money market funds. Value added is typically
available for corporations and high net worth individuals in the top Federal tax brackets and top State tax brackets.
Value added also available for institutions and high net worth client who want to maximize interest income on a before-tax
basis. Month-end client reporting package including accounting reconciliation included with investment management.
Insurance company investment management. Expertise
in managing fixed income portfolios for both domestic and offshore insurance companies. Focus may be solely
on book yield of fixed income assets or a combination of total return and yield enhancement.Tax position of insurance company
and AMT status will typically determine mix between taxable and tax advantaged securities, including the preference for DRD-qualifying
preferred stocks.
Fixed
income investment management for accounts with investment grade quality requirements, directed liabilities, specific tax structures
for interest and income earned, customized maturity restraints, regulatory or policy restrictions on sectors, diversification
restrictions.
