The Investment Process

The first step is to determine the investors' risk tolerance and investment objectives.This is established through a comprehensive Investor Profile Questionnaire and a face to face interview.

When goals and risk are determined, portfolio construction begins. An array of investment vehicles may be utilized, including

  • Individual stocks
  • Fixed income securities
  • Mutual funds
  • Separately managed accounts

Michael Miller Financial offers a variety of investment solutions, including separately managed account portfolios, with a range of investment objectives that allow clients to select a portfolio that best suits their individual investment goals.

Equity Strategies

My investment philosophy is a bottom-up, fundamental approach that seeks to generate above average risk-adjusted returns over the long-term by identifying businesses that possess substantial competitive advantages and that are trading at discounts to intrinsic value. Additionally these businesses typically generate free cash flow.

Importantly, the investment process focuses on managing risk, which I define as the probability of a permanent loss of capital, by owning quality businesses at attractive valuations.  This strategy along with  option strategies, stop loss orders , inverse investments among other strategies strives to protect investors on the downside while providing upside potential. Over the long-term, our investment process seeks to generate above average risk-adjusted returns.

Asset Allocation Strategies

Asset allocation is a portfolio management strategy that brings together all the assets of an investor, measuring risk and return not at the individual security level, but instead as a complete portfolio. Properly implemented,asset allocation addresses risk through diversification, while positioning portfolios to achieve growth, income and other specific client objectives.

Michael Miller Financial's approach to asset allocation is more dynamic than the traditional strategies of other investment managers. I extend the traditional approach by incorporating forward-looking analytics that address changing opportunities and risks as we move through economic and market cycles. Using a dynamic approach of evaluating the investing landscape against the backdrop of the pending business cycle, a variety of asset allocation portfolios are offered ranging from conservative to aggressive.

The conservative portfolio is focused on principal preservation and reliable income. In contrast, The aggressive portfolio is focused on higher returns, often derived from volatile, higher growth investments. In the range between our conservative and aggressive options are portfolios that balance growth and income objectives across a range of different risk profiles.

Alternative Investment Strategies

Michael Miller Financial will provide a wide range of investment advisory and portfolio management services focused on the alternative investment asset classes--investments other than traditional equity and fixed income asset classes,which have the potential to achieve excess risk-adjusted returns.


Asset allocation and diversification strategies cannot assure profit or protect against loss in a generally declining market. Past performance is not a guarantee of future results. Investment decisions should not be based solely on performance data.