Sierra's Investment Programs
Sierra strives for solid, consistent returns and low downside risk in every client portfolio. We select skillfully-managed mutual funds within productive asset classes. And we only use no-load funds or those that will waive their "loads" for our clients -- which essentially all now do, for clients of fee-only firms like Sierra. From time to time, a fund in your managed account will be upgraded by the Managing Directors to a new Designated Fund in the same Asset Class, or your overall Asset Allocation may be revised to reflect changes in the global economic environment.
In addition, Sierra monitors each fund in your portfolio on a daily basis and implements its proprietary risk-limiting techniques and other strategies to limit your downside risk.
Sierra offers you a range of limited-risk approaches to help meet your long-term investment goals:
| Sierra's Customized Accounts |
| *For managed accounts over $1,000,000 (total per household) |
| For larger accounts, we start with a meeting between you
and one of Sierra's Managing Directors -- for an in-depth discussion of your investment
history, your goals and risk tolerance. After thoughtful analysis, a
diversified portfolio of mutual funds is selected with your specific needs and your
long-term objectives in mind. Click here for more information. |
| Minimum account size for
THE FOLLOWING programs* : $750,000 per
new client household note: our minimum will be increasedto $1 million at some point in 2006 |
| Sierra`s Balanced Program |
| Diversified among U.S. and international stock, bond, commodity and other funds |
| Sierra's Balanced Program offers conservative investors the benefits of professional global diversification. Our goal is to exceed 10% per year, on average, after fees while keeping your risk low. This Program is a good fit for most of our clients. Click here for more information. |
| Sierra`s High Yield Corporate Bond Program |
| Designed to provide low volatility |
| Sierra's low-volatility High Yield Corporate Bond Program targets annual returns of 9% or better, on average, while limiting downside risk to less than 3% (although there can be no guarantee that these objectives will be met under all market conditions). Click here for more information. |
| Sierra`s Conservative Program |
| Emphasizes bond funds and other low-volatility funds |
| Sierra's Conservative Program is designed for investors who prefer a lower-than-average-risk investment strategy. Our goal is to exceed 8% per year, on average, after fees, with overall portfolio volatility and downside risk much lower than U.S. stock market volatility. The Conservative Program emphasizes bond funds and has considerable overlap with the same funds used in our other programs. Click here for more information. |
| Sierra`s Tax-Deferred Program |
| Provides important tax benefits |
| Sierra's Tax-Deferred Investment Program provides long-term investors with powerful tax benefits: tax-deferral on all profits until withdrawal and no limit on contributions. Our goal is to replicate the risk and return characteristics of our Balanced Program as best we can, within the American Skandia no-load Variable Annuity. Click here for more information. |
SIERRA
INVESTMENT MANAGEMENT, INC.
3420 OCEAN PARK
BOULEVARD, SUITE 3060
SANTA MONICA, CA 90405
310/452-1887 800/729-1467 FAX 310/452-2680
Click here to write to us: Info@SierraInvestment.com