Authentic investors know that price is what you pay, and value is what you get. In our view, the probability of success is increased by emphasizing high-quality securities and by attempting to capitalize on disparities between price and value.

Merriam-Webster offers the following definition of risk: The chance that an investment (such as a stock or commodity) will lose value. This is the risk  that matters most to our clients and to Sapphire. Volatility, by contrast, is defined as “a tendency to change quickly and unpredictably.” Although  many investment industry practitioners use the words risk and volatility interchangeably, in our view they are very different. Our approach to managing risk is centered on avoiding permanent loss and capitalizing on price volatility.

Ours is an active investment approach.

We think about asset allocation in terms of growth assets and risk-control assets as we consider asset classes for inclusion in client portfolios. Formal investment policy statements and client-specific investment guidelines provide a framework for our decisions. We continuously assess investment results and revisit asset allocation targets as market conditions change and our clients' circumstances evolve. 

We embrace our role as your trusted fiduciary.

We believe our approach to active investment management is in the best interest of our clients. Sapphire curates individual securities, as well as funds that are managed by like-minded domestic and ex-US managers. 

We have conviction in the fundamental purpose of investing – efficient allocation of capital.