We focus on tactical asset allocation
and risk management.

Our approach to strategic asset allocation for investors is unique because of our focus on the tactical asset allocation and risk management aspects of portfolio management. Most strategies below utilize our Flexible Portfolio Method (FPM) of a Core holding of related strategy positions and a Swing holding that primarily uses Bull or Bear ETFs to increase or decrease market exposure in tune with our Technical Analysis of market trends.

growth strategies


Focus List Plus

The FLP is an eclectic growth portfolio that focuses on Raymond James analysts’ top growth research combined with independent sources to create a focused, high conviction strategy that strives to beat the S&P 500 over a full cycle. FLP typically focuses on 20 to 30 securities that IPMG believes are likely to produce above-average price appreciation.

GLOBAL OPPORTUNITY PLUS

The GOP is primarily a large-cap, multi-style growth strategy that focuses on high quality blue-chip dividend growth stocks. GOP will seek broad diversification across most of the major economic sectors. A top-down investment approach to these broad sectors will be taken to determine the desired sector exposure of the portfolio. A bottom-up approach to stock selection will be applied thereafter. The GOP may be appropriate for investors seeking to grow their capital by investing in what we believe are growing, high quality businesses, while also tapping into the power of compounding through dividend growth potential.

GROWTH PORTFOLIO PLUS

The GPP portfolio is fully tactical and implements our proprietary approach to technical analysis of price trends. GPP typically focuses on 10 to 15 ETFs and/or mutual funds to trade short to intermediate term opportunities based on our technical analysis of broad market and sector trends.

ENERGY/DEFENSE/RESOURCES PLUS

The EDRP is a more targeted growth strategy. This strategy may be appropriate for investors seeking to respond to opportunities that arise from a wide array of potential events, such as geopolitical strife on a global scale, central bank policy on a global scale, domestic political developments, resource shortages (natural or not), etc. Portfolio holdings include mostly individual companies and ETFs that focus on the sectors and subsectors of this strategy. The defense sector combined with cybersecurity are areas of focus, along with the energy markets, basic materials, food, agriculture, real estate, and of course, resources more broadly that may also include precious metals.

Income & Growth strategies


Equity Income Portfolios Plus

The EIPP portfolio is designed with the income investor in mind and targets areas that could pay above average cash flow. We cover a number of areas not typically seen in your average Equity Income Portfolio, such as energy infrastructure, business development finance companies, dividend capture strategies, call option strategies, utilities, bonds, specialized REITs, broad infrastructure assets, convertibles, as well as global value oriented equities.

DIVERSIFIED INCOME TAXABLE PLUS

The DITP is a highly flexible, diversified allocation among various types of bond funds as determined by our analysis of credit and interest rate markets. The type of bond fund sectors analyzed include U.S. government/agency, municipal bonds, U.S. corporate (investment grade and high yield), international investment grade hedged or non-hedged to the U.S. dollar, and emerging market debt.

Prior to investing in the Equity Income Portfolio Plus, you must receive a copy of the options disclosure document titled "Characteristics and Risks of Standardized Options," which is available from IPMG. Options involve risk and are not suitable for all investors. Supporting documentation regarding options is available on request.

Macro investment trends


Global Investment Portfolio

GIP is structured to help respond to either inflationary or deflationary trends by imple-menting a more diversified set of core assets, including alternative assets, that may respond to these risks and opportunities over the long term. Many of these trends can be dominated by Central Bank Policy and money flows. We have added the flexibility, through our active allocation, to be responsive to the vagaries of these ever changing trends. This portfolio is diversified, covering a number of different asset classes and sectors that we believe have the potential to do well under an environment of growing geopolitical unrest and increased market uncertainty.

Asset Allocation Portfolio Plus

the foundation of the AAPP, is our application of the 1990 Nobel Prize* in eco nomics theory of asset allocation that combines several diversified and low correlated asset classes together in one portfolio. This strategy is built for the long term investor, non-profit organization, or institution that seeks a globally diversified portfolio with the goal of gener ating above-average returns with below-average risk. The AAPP blends a more classic balanced approach to investing by using passive index-based securities across 10 different segments of the market, com-bined with our more active risk management process.

Definitions: An ETF is a type of Investment Company whose investment objective is to achieve a return similar to that of a particular market index. An ETF will invest in either all of the securities or a representative sample of the securities included in the index they track. ETFs may be bought or sold throughout the day in the secondary market, but are generally not redeemable by retail investors for the underlying basket of securities they track. Clients likely to find a ETF strategy most appropriate are those willing to accept market-like returns, lower management fees and operating expenses, with little potential for the individual ETFs to outperform the indices they track. Mutual funds are typically actively managed, and as a result, the underlying management fees and operating expenses assessed by the fund companies are generally higher than those for ETFs (1% to 1.5% for mutual funds versus .20% to .30% for ETFs). Potential investors should understand that the annual advisory fee charged by Raymond James in these portfolios (for management of ETFs, mutual funds, stocks, and other assets) is in addition to the management fees, operating expenses, and other expenses charged by ETFs and mutual funds.. Because ETFs have the characteristics of both stocks and mutual funds, it is possible to measure performance in two ways. Because ETFs are traded in the secondary market like stocks, performance can be measured in terms of the market price of the ETF. However, since the underlying value of the ETF is based on the securities held in the fund, like a mutual fund, it also can be measured in terms of the Net Asset Value. We believe that market price perfor-mance is more representative of our clients’ experiences due to the fact that all transactions conducted for ETFs are done in the secondary market S&P 500: Representing approximately 80% of the investable U.S. equity market, the S&P 500 measures changes in stock market conditions based on the average performance of 500 widely held common stocks. It is a market-weighted index calculated on a total return basis with dividends reinvested. You cannot invest directly in an index. Top-down approach: Looks first to the macroeconomic environment, attempting to identify sectors and industries that will benefit from broad economic trends before identifying specific companies as portfolio candidates and beginning fundamental research. Bottom-up approach: Focuses on the fundamentals of the individual companies being considered for the portfolio, with the macroeconomic perspective given secondary or no consideration.

Risks: All investments are subject to risk and you may incur a profit or a loss. There is no assurance that any investment strategy will be suc-cessful. International investing involves additional risks such as currency fluctuations, differing financial accounting standards, and possible political and economic instability. These risks are greater in emerging markets. Asset allocation and diversification do not ensure a profit or protect against a loss. Past performance does not guarantee future results. Important Information Related to Portfolio Risks It is important to review your investment objectives, risk tolerance, tax objectives and liquidity needs before choosing an investment style or model. All investments carry a certain degree of risk and no one particular investment style or manager is suitable for all types of investors. This should not be considered forward looking, and is not a guarantee of future performance of any investment. There is no assurance that any invest-ment strategy will be successful. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

*Nobel Prize winning Theory of Harry Markowitz – https://www.nyu.edu/about/news-publications/news/2014/march/portfolio-diversification--optimization-matches-nobel-winning-th.html

Raymond James is not affiliated with New York University or Harry Markowitz.

Investors should consider the investment objectives, risks, and charges and expenses of mutual funds and ETFs carefully before investing. The prospectus contains this and other information about mutual funds and ETFs. The prospectus is available from IPMG and should be read carefully before investing.