Novare Capital specializes in managing fixed-income portfolios for clients seeking a reliable source of income. The objective of our fixed-income approach is to ensure that a bond portfolio is a source of income, with capital preservation as the primary goal. As a result, we invest in high quality municipal, corporate, treasury and government agency bonds and notes. Novare Capital strives for liquidity and safety in our bond investments.

Fixed-Income Approach
The first step in our fixed-income process is to review each client’s tax situation and investment risk tolerance. This evaluation will lead us to a specific sector or sectors for investment. The tax bracket will guide us toward taxable or tax-free bonds, while the risk profile will determine the credit risk and maturity risk.

Portfolio Development and Management
Novare Capital uses a top-down approach to fixed-income management. Here is an overview of our team’s process for the development and management of your custom portfolio:

• Review the major macroeconomic forces that influence interest rates to determine our forecast
• Evaluate the interest rate “Yield Curve” to determine the maturities to best invest in for the future
• Proactively monitor the different sectors to determine if any fundamental changes have occurred

Sector Evaluation
We are opportunistic in our review of the following market sectors:

• U.S. Treasury Securities
• U.S. Agency Securities
• Corporate Securities
• Mortgage Backed Securities
• Asset Backed Securities
• Municipal (Tax-Free) Securities

Tax Efficiency
Novare Capital’s philosophy takes advantage of sector opportunities as they occur, not just year-end. This proactive approach can make a notable difference in your bottom line.