BMC Operating Principles
- Clients should have direct access to experienced, professional investors; not advisors who act as mere conduits for other departments within monolithic institutions.
- Managers should be familiar with a broad spectrum of assets and investment strategies, not narrow specialists who primarily focus on stocks or bonds.
- Investors should feel confident the people managing their assets are “eating their own cooking”. The same investment process and investment alternatives should apply to both founders and clients. Clients need not wonder whether the advice they receive from their wealth manager is consistent with the manager’s own behavior.
- There are times when preservation of capital should be prioritized over the pursuit of aggressive returns.