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Investment Process

How we implement and monitor it:

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    • Review the current portfolio strategy and investments
    • Determine client goals
    • Determine appropriate return and risk objectives
    • Evaluate income needs
    • Provide education about investment alternatives and financial markets for the family
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    • Focus on creating diversified portfolio
    • Evaluate various asset allocations for return, risk, and income characteristics
    • Model short- and long-term portfolio growth and risk
    • Consider effect of current market conditions
    • Determine best allocation of asset classes, investment strategies, and styles
    • Develop tax-efficient approach, when appropriate
    • Create investment policy statement
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    • Select best-in-class investment managers:
      • Review quantitative and qualitative data
      • Perform initial analysis to determine interest
      • Conduct in-person manager interviews
      • Perform reference checks
      • Monitor asset manager performance before investment
      • Submit final analysis and proposal to investment committee
    • Employ equity managers with a bias toward “value” style and bottom-up fundamental analysis
    • Employ dedicated investment team to identify, select and monitor managers
    • Acquire approval by seasoned investment committee
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    • Evaluate and select custody and brokerage arrangements
    • Negotiate all fees
    • Handle account setups, investment contracts, and other administrative work
    • Perform ongoing reconciliation of all transactions
    • Communicate goals and objectives with investment managers
    • Access to our family of Rock Bluff™ investment funds
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    • Conduct continuous due diligence and monitoring of selected investments
    • Recommend manager changes if necessitated by:
      • Red flag items
      • Departures from objectives or style
      • Poor performance
      • Asset class or strategy concerns
    • Recommend changes in investment strategy, as appropriate
    • Conduct strategic reporting:
      • Track all trading activity through internal system
      • Provide monthly and quarterly reports to clients
      • Monthly account reconciliation
      • Client meetings and updates as desired

For disclosures, please click here.

General Disclosures

This is not a solicitation or an offer to buy a security or investment or to participate in any investment strategy. Past performance is no guarantee of future results. No representation is being made that any investment will or is likely to achieve profits or losses. All investments involve risk, including the loss of principal. A client's return will be reduced by advisory and administrative fees and other expenses. A description of these fees can be found in Part 2a of Tolleson Private Wealth Management's Form ADV. If you have any questions regarding this information, please contact your Tolleson Wealth Management representative.

Rock Bluff Investment Funds

Any client who subscribes, or proposes to subscribe for an investment in any partnership must be able to bear the risks involved and must meet the partnership's suitability requirements. Some or all alternative investment programs may not be suitable for certain investors. No assurance can be given that the partnership's investment objectives will be achieved. Partnership investments are typically speculative and involve a substantial degree of risk. The partnership may be leveraged and engage in other speculative investment practices that may increase the risk of investment loss. An investor must realize that he or she could lose all or a substantial amount of his or her investment in the partnership. Partnerships are generally highly illiquid. There are restrictions on transferring interest in the partnership. All redemptions from the partnership are subject to the available liquidity of the partnerships and general partner consent. In the event of a complete redemption, 5-10% is withheld and paid after completion of the annual audit of the partnership. This summary is subject to the terms of the respective partnership agreements. It is not intended to change or modify them.

The instruments in which the partnership invests may involve complex tax structures and there may be delays in distributing important tax information. The partnership is not required to provide periodic pricing or valuation information to investors with respect to its individual investments. There is generally no secondary market for an investor's interest in a partnership and none should be expected to develop. Additionally, the partnership is not subject to the same regulatory requirements as a mutual fund, including the SEC's registration and disclosure requirements. The partnerships referred to in this presentation have not been and will not be, registered under the U.S. Securities Act of 1933 as amended, the securities laws of any other state or the securities laws of any other jurisdiction, nor is such registration contemplated. Certain of the trades executed for the partnership may take place on foreign markets, which inherently involves a greater degree of risk. For further information regarding the risk factors and conflicts of interest with respect to the partnership, please refer to the partnership's offering memoranda and subscription documents. Any such offer of solicitation may only be made by means of delivery of an approved confidential offering memorandum.