Fixed Income Team
Sterling’s Fixed Income Team is led by Mark M. Montgomery, CFA® and work together in top-down analysis including duration, yield curve, and sector analysis.
Philosophy
- Independent, fundamental research is the foundation of our investment process
- We strive to deliver a predictable and understandable portfolio that produces a competitive rate of return and consistent income stream
- Most individual investors purchase bonds for income, capital preservation, and diversification benefits; not for a short-term trade
- Many sectors of the bond market are fragmented and inefficient, offering opportunities for selective investors
Low Cost
- Reduced cost due to lower management fees than many others
- Seek best execution at all times
- Utilize automated trading platforms
- Extensive dealer network
Transparency
- Real time access to portfolio holdings and trade activity
- Understand sector and security exposures
Liquidity
- Focus on more liquid sectors and securities
- Greater liquidity improves pricing, enables rebalancing, and reduces transaction costs
Customization
- Legacy low-basis holdings
- Social concerns
- Tax-loss harvesting
Impact
- Never pay taxes on capital gains that you didn’t generate
- Not subject to the potentially adverse impact of mutual fund inflows and outflows
Operational Efficiency
- Simplified transition when hiring or removing managers
- In-kind transfer of securities
Fixed Income Separately Managed Accounts
*AL, AZ (Intermediate Only), CA, GA, KY, MD, NC, NY, OH, PA, SC, TN, TX (Intermediate Only), VA & WV.