Investment Approach

The First Step. The first step is the client interview. During this interview, Farr, Miller & Washington portfolio managers work with you to define your investment objectives. The goal is to learn as much as possible about what you want to accomplish, focusing on concerns such as the total balance sheet, diversification, issues of timing, inflation, sensitivity, income requirements, and tax and estate planning issues.

Our Investment Process. The next step is to work with you to either develop or re-balance your portfolio. Our equity investment process is analysis-driven, employing a disciplined, bottom-up approach emphasizing reduced risk and preservation of capital. Client’s portfolios are built one stock at a time: The Farr, Miller & Washington investment committee meets regularly to discuss analytical conclusions and conduct portfolio reviews. Each company is considered for its appropriateness to individual portfolios and to the client’s established investment objectives. We start with a select universe of approximately 250 stocks representing all industry sectors. Following rigorous fundamental analysis, candidates are selected for our "Focus List." Depending on market conditions and company specific fundamentals, portfolios of approximately 30 to 40 stocks are typically built from that List.