Mahler & Emerson manages portfolios that emphasize the greatest opportunity for growth while maintaining each client's acceptable level of risk. Both diversified and concentrated asset allocation are important factors in the overall performance of our clients' accounts. Mahler & Emerson invests with the outlook that stocks should outperform bonds over the long term. Therefore, we use fixed income securities only when such strategies are in accordance with our client's overall investment objectives. Our managed portfolios comprise, but are not limited to large-cap, small-cap, micro-cap and non-us companies along with a variety of fixed income strategies and derivatives. Alternative investments such as gold and precious metal mining companies, hedge funds, private equity funds and real estate funds are also used when appropriate to the combination of objectives, risk tolerance and liquidity constraints of individual client portfolios.

We concentrate on several basic management directives depending on the client's needs. These include:

*** Growing the asset base of the account while minimizing volatility.

*** Managing accounts to function primarily as monthly income generators  while
      reducing volatility..

*** Hedging against inflation by using, among other vehicles, real estate
      investment trusts, gold companies and closed-end Municipal bond funds.