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Teams of experts working together yield the strongest results. That’s why Johnson Investment Counsel brings together a broad group of experienced professionals dedicated to researching investment opportunities to identify the right strategies that meet your individual goals. Each of our investment teams is comprised of Research Analysts and Portfolio Managers, the vast majority having earned the Chartered Financial Analyst (CFA) designation. These specialized teams provide our Portfolio Managers with continuous guidance on portfolio construction and security selection.
The Strategic Asset Allocation Team employs a disciplined, research-driven process that creates a long-term portfolio framework. It takes into consideration the important variations in risk and return generated by different asset classes. The goal is to maximize return given an established level of acceptable risk. This approach incorporates the idea of “risk-budgeting,” or allocating the risk you are willing to take into assets that can deliver excess returns.
The Johnson Tactical Equity Allocation Portfolio Team develops an equity allocation framework that invests in a wide range of equity asset styles. Our research compares the relative attractiveness of growth vs. value, large-cap vs. small-cap, and domestic vs. international. By dynamically maneuvering allocations among these asset classes, the Team seeks to add value over the typical broad market return. In addition to asset allocation guidance, the Team also researches no-load mutual funds and exchange-traded funds (ETFs).
The Equity Investment Committee manages three large-cap, fundamental strategies: Core, Equity-Income and Dynamic Growth. Our dedicated sector Research Analysts conduct research on a large universe of stock candidates. For companies of interest, the Committee further examines the fundamentals, reviews financial statements, and talks with the company and industry contacts to understand how the business operates. If a stock meets our high standards for investment and trades at a reasonable valuation, the Committee determines whether it fits any of the three portfolios’ objectives.
A high-quality, intermediate-term bond strategy is the primary focus of the Fixed Income Strategy Team. Using economic research and credit analysis, the Team develops portfolios of high quality, investment grade bonds. Our bond portfolios are diversified by security, industry and maturity, and we do not speculate on interest rates. In addition to the typical intermediate-term corporate bond strategy, the Team also provides portfolio management for municipal bonds, cash management and enhanced return strategies.
The Quantitative Equity Strategy Team develops the model for our quantitative equity process and constructs large-, mid-, and small-cap portfolios. A ten-factor model helps select a group of companies with improving growth trends, strong cash flows and attractive relative valuations. Although a model helps maintain discipline and remove emotional bias, the Team continually evaluates the data and introduces changes to the model portfolio as appropriate.
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