Throughout my time at DCM, the most common question I’ve been asked is, “What makes DCM’s investment strategy any different from the other choices available to me today?”
The answer to that question is also a key factor in why I joined DCM over 10 years ago; it is the value that DCM’s Investment Policy Committee (IPC) brings to each one of our clients.
Let me explain. In most firms, a single person or possibly a team of two makes investment decisions for client accounts. At DCM, our investment strategy is guided and overseen by a committee of seven voting members with years of experience leading significant businesses around the world. The committee’s cumulative business experience outside the world of investments makes our group well-qualified to assess companies and management teams.
These seven people are responsible for customizing the overall strategic direction of our investment strategies to seek the best fit for your individual needs. More specifically, the group manages the composition of our four model equity portfolios: Cornerstone, Capital Builder, Income Builder, and Sequoia. Each portfolio consists of about 30 common stocks, chosen specifically to implement the objectives of that strategy.
The IPC meets weekly to review company, industry, economic, and political developments. We discuss updates to our outlook over the next three to 18 months and debate and vote on proposed changes to the portfolios. All changes are then communicated with our advisory and investment operations team and then executed in the effected client accounts. The IPC’s goal is to select only the highest quality companies to best achieve the objectives of each individual client.
We thank each of you for your continued trust in us and the decisions of the IPC.
Joe Zabratanski, Senior Investment Advisor & Chief Investment Officer
