Bruce Balding

Tocqueville pursues two primary objectives for their clients: to provide long-term returns without excessive risk, and to ensure capital preservation for succeeding generations. To achieve their mandate, the firm relies upon rigorous proprietary research employing a conservative-value approach to identify undervalued companies that possess long-term earnings potential. They do not follow fads; they invest in companies that deliver solid returns over the long run.

Functions as a College/University

VCJW invests in equity and fixed income securities across the capital structure. Their investment approach relies on process-driven investment performance and a long-only, value-based investment discipline where in-depth research is conducted by portfolio managers to assess the soundness of a company’s fundamentals and the experience of its management team. VCJW seeks to identify sectors, industries and companies that are out of favor or whose growth has not yet been recognized by the market. They target securities at low price levels relative to the company’s earnings and the portfolio managers’ intrinsic valuations. They invest in companies across small to large market capitalizations. VCJW's research includes investment research and economic analysis.Their fundamental research is based on analysis of company, sector and industry data combined with direct company contact. Factors taken into consideration include intrinsic value vs. price, earning power, and nature of business. The firm employs a “core” strategy unconstrained by company size, style, or geography. They are long-term investors who believe that their clients benefit primarily from growth and capital generation by companies in which they invest, rather than from any trading strategies.

Carret’s fundamental goal is to structure sound, customized, and diversified investment portfolios. Their capabilities span active fixed income and equity strategies focused on achieving attractive risk adjusted returns over the ever-evolving market cycles.

Provides investment advice