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Harris myCFO Tackles Volatility
09/23/2009
Harris myCFO, the $17 billion multi-family office, has introduced a high/low-volatility approach to customizing portfolios for its wealthy families to help conservative investors manage risk. The firm segments client assets into two pools: one for high-volatility, potentially higher-paying investments, and another for more conservative, dependable investing. The firm then creates an individual portfolio to help clients strike a balance between lifestyle maintenance and long-term capital growth goals.
“There’s a more heightened sensitivity to risk, driving home the notion that risk and return are highly correlated,” explains Joe Calabrese, president. “It’s not just about chasing returns; it’s about covering your future expenses, while minimizing the risk of lifestyle impairment issues. It’s college funds versus gas for your boats.” The firm currently serves about 300 families with $25 million in investible assets and/or $100 million in net worth.
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