Services

Bray Farm IA provides portfolio models that address the income needs of the investor from a risk and return perspective. Conservative portfolio construction will emphasize preservation of capital, limited volatility, and predictable income generation. Moderate portfolio construction will emphasize a core total return income approach that addresses specified macro factors, rate dynamics, and market liquidity characteristics for a more durable portfolio allocation with a longer time horizon. More Aggressive portfolio construction will include tactical allocation recommendations in “plus sectors” based on relative value analysis for investors willing to accept greater volatility for enhanced total return opportunity.

Independent research production is a key element to Bray Farm IA’s value proposition. Research activities include macroeconomic views, independent factor signals, proprietary market models, relative value assessment and fundamental analysis at the security level.

ETF selection is a key component to effective and dynamic portfolio construction for income models that reflect our views on macroeconomic conditions, rates, and fundamental factors. ETF’s will be evaluated based on performance track record, portfolio characteristics, risk profile, liquidity, and expense factor. In addition, Bray Farm endeavors to conduct manager diligence and evaluation of underlying holdings in the ETF portfolio. We are very attentive to “what’s in there” and consistency with the portfolio management approach.

Bray Farm IA offers views on income markets, macroeconomic factors, relative value, fundamental conditions, and topical matters of interest to the income investor community. Proprietary models and research lend support to form the basis of certain conclusions. To be sure, all outlooks, views, and research communicated in Bray Farm IA commentary pieces are unbiased.

Income markets have experienced substantial volatility over the last several years. Volatility creates opportunity as markets tend to overshoot proper levels due to technical and structural factors. We continuously monitor relative value metrics across fixed income asset classes to identify tactical situations that may contribute to portfolio outperformance. Tactical recommendations can enhance the overall RIA dialogue with clients by presenting actionable income portfolio ideas. Simply put, we are willing to harvest what income markets offer at given points in time.