Number of portfolios: 259
Average return: 19.3%
S&P 500 return: 15.8%
% outperformed S&P 500: 93.0%
(241 portfolios)
Sharpe Ratio > S&P 500: 2.7%
(7 portfolios)
% upper left quadrant: 0.8%
(2 portfolios)
% in lower right quadrant: 5.0%
(13 portfolios)
Includes all client portfolios >$500,000. Performance data as of 12/31/06.
Number of portfolios: 215
Average annualized return: 15.0%
S&P 500 return: 10.4%
% outperformed S&P 500: 98.6%
(212 portfolios)
Sharpe Ratio > S&P 500: 95.8% (206 portfolios)
% upper left quadrant: 8.4%
(18 portfolios)
% in lower right quadrant: 0.0%
Includes all client portfolios >$500,000. Performance data as of 12/31/06.
Number of portfolios: 156
Average annualized return: 11.4%
S&P 500 return: 6.2%
% outperformed S&P 500: 98.7% (154 portfolios)
Sharpe Ratio > S&P 500: 98.7% (154 portfolios)
% upper left quadrant: 55.8%
(87 portfolios)
% in lower right quadrant: 0.0%
Includes all client portfolios >$500,000. Performance data as of 12/31/06.
Number of portfolios: 103
Average annualized return: 6.0%
S&P 500 return: 1.1%
% outperformed S&P 500: 99.0% (102 portfolios)
Sharpe Ratio > S&P 500: 99.0% (102 portfolios)
% upper left quadrant: 60.2%
(62 portfolios)
% in lower right quadrant: 0.0%
Includes all client portfolios >$500,000. Performance data as of 12/31/06.
Number of portfolios: 39
Average annualized return: 8.8%
S&P 500 return: 8.4%
% outperformed S&P 500: 64.1% (25 portfolios)
Sharpe Ratio > S&P 500: 66.7% (26 portfolios)
% upper left quadrant: 30.8%
(12 portfolios)
% in lower right quadrant: 12.8%
(5 portfolios)
Includes all client portfolios >$500,000. Performance data as of 12/31/06.
These results reflect annualized investment returns for all client portfolios greater than $500,000, with each client’s or family group’s accounts combined into a single portfolio for the 1, 3, 5, 7, and 10 year periods ending 12/31/06. Returns are stated net of fees. The portfolios are benchmarked to the S&P 500, represented by the black diamond in the above illustrations.
Sharpe Ratio is a ratio developed by Nobel Laureate William F. Sharpe to measure risk-adjusted performance. It is calculated by subtracting the risk-free rate from the rate of return for a portfolio and dividing the result by the standard deviation of the portfolio returns.