We have developed an investment methodology that is best practice, cutting edge and, above all, easily articulated to investors. Our approach is:

As market valuations tend to be indicative of final outcomes, we use valuations to ascertain which asset classes offer the most attractive risk/return trade-offs at any given point.

To be effective, our assessment of risks and returns cannot rely solely on historical data but must also be projected into the future. By doing so, we can provide investors with an understanding of expected outcomes in their portfolios and also draw attention to the implied risks in the market.

Investors are limited by what the market has to offer. In circumstances where we estimate that market conditions reduce the chances of meeting investment objectives, we advise our investors to be patient while keeping them fully informed.

In essence, we believe that when assets are expensive then future returns are likely to be lower and when assets are cheap then future returns are likely to be higher. While this may seem obvious, it is the central tenet of our investment approach.

The principles we apply to constructing a portfolio are:

Too often investment advisers take the ‘smoke and mirrors’ approach to portfolio construction and try to project an appearance of sophistication. Instead, we aim to be as simple as possible in our Investment selection.

Our investment planning is not singular in style but combines elements of fundamental and quantitative analysis as well as top-down and bottom-up views. This approach forces us to think about which tool, or combination of tools, is more likely to be effective under various scenarios.

When constructing a portfolio, our starting point within each asset class is to use the passive index fund option as the core, and only resort to active ‘satellite’ investments when there is a justifiable strategic reason to do so.

Every financial asset can be broken down into three components: income generation today, likely growth over time, and market valuation. Assessing these aspects allows us to determine expected longterm returns, which provides a guide to asset allocation. As market fundamentals can change overnight this is a dynamic process and allocations are regularly reviewed.

Leading the way is our Investment Committee comprising Justin Gilmour (Managing Director), Nada Maticevic (Private Wealth Adviser), Bryce Wild (Private Wealth Adviser) Jonathan Ramsay (Investment Analyst), Fil Andronaco (Investment Analyst), Jonathan Tolub (Investment Analyst) and Joe Evangelista (Accountant).

The committee is responsible for strategic planning and research, and provides investment guidance to our team of highly experienced financial advisers, who are supported by our technical specialists.

Integro Private Wealth (ABN 26 656 008 374) is a Corporate Authorised Representative of Integro Holdings (WA) Pty Ltd (ABN 61 612 297 739) (AFSL 489444) and regulated by the Australian Securities and Investments Commission.