Welcome To Curbstone Financial Management Corporation
Curbstone Financial Management Corporation is a Registered Investment Adviser and a FINRA member firm specializing in the implementation of disciplined Asset Allocation Strategies designed to accomplish specific client objectives. We provide these asset management services to individuals, trusts, endowments, and retirement plans.
Philosophy & Style
Philosophically, we are a completely "client-focused" advisory firm. Our educational orientations, our risk-assessment techniques, our fee schedules, our custodial relationships, and our reporting standards all far exceed that traditionally available in the industry. For that reason, we have minimized client turnover and maximized client satisfaction.
We believe a portfolio's asset allocation (the percentage invested in equities versus bonds or cash) is a major determinant of both performance and risk (volatility). Therefore, each of our clients has his or her own particular asset mix, depending on the investor's particular time-horizon, risk profile, and investment objective. Curbstone Financial Management Corporation offers a proprietary method of asset allocation whereby the portfolio's asset mix is periodically adjusted to reflect the current probabilities of stocks, bonds, and cash outperforming each other over the client's time-horizon. A second method of asset allocation is one where the client specifies a minimum required return (with a specific probability) over a specific time-horizon.
Our equities selection process is a value-oriented, state-of-the-art, quantitative/fundamental/technical system. It includes several fundamental valuation methods, as well as technical and fundamental factor analysis, evaluation of actual earnings momentum and estimated earnings momentum, the use of tools to relate sector positioning to current economic factors and a cross-correlation program to maximize diversification. Generally, we own high quality stocks that are good values (including growth stocks) and have improving fundamentals. Our bond selection system is driven by a proprietary forward-rate model that utilizes only factual data inputs. We invest principally in the U.S. government and agency issues along with some A-rated (or better) corporate debt. Bond selection is a function of expected return relative to expected risk (including reinvestment risk).
We believe discipline is the key to superior performance and meeting the clients' goals and objectives within the appropriate risk parameters. We maintain a strong buy/sell discipline and are not influenced by fads or the prevalent market sentiment. We are long-term investors, who believe by owning securities and classes of securities, which offer well above-average expected returns relative to their respective risk factors, that the short-term performance will take care of itself.