STOCKS / ETFs / BONDS
Through our partnership with Stonebridge Capital Advisors, we assist investors in a fiduciary capacity that puts the clients’ interests first. Clear Direction guides the Stonebridge team led by John Schonberg CFA, the firm’s CIO, to create custom portfolios of equities, bonds, and exchange traded funds (ETFs).
The Clear Direction / Stonebridge partnership provides tailored portfolio management services to high-net-worth individuals and households, including tax sensitive investing not available through mutual funds. Portfolios are managed as tax-advantaged separately managed accounts (SMAs). Clients’ assets are custodied at Charles Schwab/TD Ameritrade, Pershing and Fidelity. Stonebridge has its own in-house fixed income and equity teams consisting of individuals with many years of experience as well as high-level credentials.
We believe separately managed accounts (SMAs) offer the client the flexibility to manage taxes within their personal parameters. SMAs are more cost-effective for IRA accounts compared to “wrap accounts” with mutual funds, they are even more tax efficient for non-retirement accounts. For example, since each portfolio owns individual stocks, bonds and ETFs, we have discretion over when capital gains and losses can be realized. Mutual funds cannot do this for investors.
At Clear Direction, we believe that planning is the foundation for any and all subsequent investment recommendations.