At Calamos Wealth Management, we apply a dynamic investment process to ensure that our clients receive robust recommendations tailored to their risk / return profile. With a designated Chief Investment Officer and an Investment Committee comprised of senior advisors from each of our offices, we provide:
Asset allocation and risk modeling/stress testing
Governance/fiduciary education and assistance
Investment and spending policy development and review
Strategic and tactical positioning recommendations
Investment manager research, selection and ongoing due diligence
Customized reporting and analysis, including regular market/economic research
and commentary
Our portfolio construction process is typically that of a “manager of
managers” approach, strategically combining active and passive investments in a
multi-layered asset allocation. Each layer has a specific strategy in targeting the most
efficient risk-adjusted return.
Core Allocation
Typically 60%-70% of total portfolio:
U.S. Core Equity
International
Developed Equity
Convertibles
U.S. Core
Fixed Income
Diversified Alts
Cash
Based primarily on risk appetite and time horizon, and relatively static
Strategic Allocation
Typically 20%-30% of total portfolio
Designed to overweight or “tilt” within certain asset classes based on our 6-24 month
outlook
Typically maintains 3-5 positions
Tactical Allocation
Typically 10%-20% of total portfolio
Designed to capitalize on attractive short-term opportunities and market valuation
extremes
Normally holds 2-5 positions
Tactical Allocation
Strategic Allocation
Core Allocation
Benefits
Our best ideas are expressed within each layer, from longer-term strategic themes to
opportunistic tactical shifts.
Cost effective approach blends lower-cost passive strategies with active strategies.
Allocation is flexible as the strategic and tactical layers are moderated to reflect the client’s
risk tolerance.
Dynamic risk management is achieved through an active-passive approach and selective exposure to
specific asset classes within the strategic and tactical layers.