The investment process focuses on fundamental research and analysis rather than proprietary formulas. It begins with asset allocation based on risk tolerance and return needs. Money managers are selected through a rigorous quantitative and qualitative process to manage specialized asset classes. Portfolios are designed to meet different risk and return goals. Rebalancing helps maintain target allocations and capture tax losses. Performance is regularly monitored and adjustments made as needed, while managing emotions during market volatility is key to long-term success.