Investment Advisory

Working to preserve and grow your capital

An investment advisory relationship that starts with your values

Before creating and implementing your long-term wealth and investment plan, we spend time understanding your unique circumstances. We work with you and your family to identify your values, priorities and short- and long-term objectives to help you connect your wealth plans to your goals and your goals to your values. Equipped with this information, we work with you to create a plan that is tailored to meet your objectives over your lifetime.

What We Believe: The 10 Ps of Manager Selection

In the feature article of this issue of InvestorView, BBH Co-Chief Investment Officer Justin Reed and Head of Investment Research Ilene Spitzer cover the “10 Ps” that are core to our manager selection process.

The Economy, Markets, and Investments at Midyear 2023

BBH Partners and Co-Chief Investment Officers Suzanne Brenner and Justin Reed and Chief Investment Strategist Scott Clemons recently discussed the current economic environment, market volatility, and positioning for the future. Here, we review key takeaways from the conversation.

Suzanne Brenner

New York City, NY | USA

As a Partner of the firm, Suzanne Brenner advises the Investment Research Group, which is responsible for manager selection, capital allocation, and investment decisions across Private Banking’s…  Learn More

Investment Objective and Philosophy

BBH’s investment objective is to preserve and grow our clients’ capital in the long run. We do this by adhering to a consistent investment philosophy.
Core Tenets of Investment Philosophy
This table shows the core tenets of BBH’s investment philosophy, which include active management, concentration, and bottom-up fundamental research; a unique view of risk; an intrinsic value/margin of safety framework; and a disciplined, patient, and long-term ownership perspective.
Active Management, Concentration; Bottom-Up Fundamental Research 
Unique View of Risk 

Intrinsic Value/Margin of Safety Framework 

Disciplined, Patient, Long-Term Ownership Perspective 
Conduct rigorous fundamental analysis to project potential investment’s value Believe biggest threat to financial health is capital impairment and inflation, not volatility Seek strategies that invest in securities trading below their intrinsic value1 estimate Believe waiting for an investment to realize value is the surest path to exceptional long-term returns
Partner with managers who have concentrated portfolios in which they know what they own and why View market volatility as opportunity to buy high-quality assets at a discount to valuation Insist on providing a margin of safety2 Hold cash when there are no attractive opportunities; sell when investments no longer offer acceptable returns relative to loss potential
1Intrinsic value represents what we believe to be the value of a security based on our analysis of both tangible and intangible factors.
2A margin of safety exists when we believe there is a significant discount to intrinsic value at the time of purchase.

Investment Research Group

Our Investment Research Group partners with like-minded investors to preserve and grow our clients’ capital over the long term.

Sustainable Investing and ESG

We have found that many seek to incorporate their core values in their investment portfolio. Interested in our approach to sustainable investing and how we align your portfolio with your values?

Our Latest Insights

At BBH, we ‘eat our own cooking,’ as Partners invest their own personal funds alongside clients. This creates the ultimate alignment of interests.

How We Construct Our Policy Portfolios

In BBH’s investment advisory practice, which some may refer to as wealth management, policy portfolios are constructed across a spectrum. We work with clients to create a customized asset allocation that reflects their return expectations, ability and willingness to endure drawdowns and liquidity needs.

How We Construct Our Portfolios graphic shows the spectrum of BBH Policy Portfolios, including Stable Value, Balanced, Balanced Growth and Growth. It covers where these fall in terms of Return Objectives, Income Objectives, Liquidity, Likelihood of Volatility/Drawdowns and Definition of Risk. On one end of the spectrum is the Stable Value portfolio, which has a narrower range of outcomes. Its return objective is preservation of purchasing power and capital, its income objective is higher, its liquidity is higher, its likelihood of price volatility/drawdowns is lower, and its definition of risk is permanent capital impairment and failure to meet spending needs. On the other end of the spectrum is the Growth portfolio, which has a wider range of outcomes. Its return objective is preservation of purchasing power and growth of wealth over time above inflation, its income objective is lower, its liquidity is lower, its likelihood or price volatility/drawdowns is higher and its definition of risk is permanent capital impairment and failure to beat inflation.

Let us help you build a plan designed to achieve your objectives. Email us at

Contact Us

This communication is for informational purposes only.  The information herein has not been based on a consideration of any individual investor’s circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice.  Individuals should consult their personal tax, accounting and legal advisers regarding any potential investment or strategy.  Any views and opinions are subject to change at any time.

This material does not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized to do so.



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