Passive investing with WMS offers:

Lower costs - you're not buying highly paid analysts to select stocks; instead we use passive asset classes building blocks to purchase entire market segments implementing modern portfolio theory of investing.

Greater tax efficiency - asset class funds enjoy relatively low turnover, so less of your income goes toward taxes.

WMS's passive asset class investment philosophy is derived from extensive research by the world's leading financial economists, repeatedly indicating:

• "Asset class selection" determines the vast majority of the variation in your portfolio's returns. (Asset classes represent categories of investments, such as US large growth or international small value.)
• Market timing (buying and selling based upon the latest "hot" investment) and attempts to select individual "winning" stocks are by far the least important of the factors determining investment returns. (These factors often subtract from returns).
• Portfolio risk can be significantly reduced by diversifying across multiple asset classes.

We now offer the benefits of this Nobel prize-winning strategy to individual investors for their personal, trust and retirement portfolios.

Asset Class Selection is the most important determinant of portfolio performance

Source: Study of 91 large pension plans over 10 year period. Gary P. Brinson, L. Randolph Hood and Gilbert L. Beebower, "Determinants of Portfolio Performance," Financial Analysts Journal, July-August 1986, pp. 39-44; and Gary P. Brinson, Brian D. Singer and Gilbert L. Beebower, "Revisiting Determinants of Portfolio Performance: An Update," 1990, Working Paper