Overview

We take a decidedly personal approach to investing at LBA. Instead of trying to steer clients into a fixed set of least-common-denominator model portfolios, our team builds a distinct custom portfolio for each client, based solely on what they want and need.

Our investment philosophy is built on a bottom-up equity analysis approach. We handpick individual stocks and bonds to build client portfolios; we do not utilize mutual funds or ETFs. We feel it’s crucial for investors to know what they own and why, and this is only possible when each security is individually researched and selected with purpose.

Of course, choosing individual stocks has the added benefits of eliminating a wasteful layer of management fees and allowing greater control over capital gains and income streams, but our ultimate aim is to ensure that clients only hold investments that fully reflect their goals and preferences.

In choosing securities, we don’t rely on Wall Street insiders, but conduct our own independent, rigorous research of markets, trends, and companies. Our detailed analysis identifies companies that have positioned themselves for long-term growth by using financial resources wisely, making sound management decisions and innovating to improve products and services.

Perspectives

LBA Monthly View | March 2021

– Notable: semiconductor shortages, TSA screening volumes, Chinese car sales, gig worker taxes
– Company Highlights: Keurig Dr. Pepper, Johnson & Johnson, Visa, Procter & Gamble
– On Our Minds: How has the ARK sprung a leak?

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POSTED IN: LBA Monthly View

LBA Monthly View | February 2021

– Notable: Lumber prices, bankruptcies, US greenhouse gas emissions, credit card spending, retail growth
– Company Highlights: Tyler Technologies, Amazon, Madison Square Garden, Apple Union Pacific
– On Our Minds: SPAC Attack

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POSTED IN: LBA Monthly View

LBA Monthly View | January 2021

– Notable: Instant ramen market, single-family home sales, bifurcation of US labor economy, mass vaccination sites
– Company Highlights: PepsiCo, Madison Square Garden Sports Corp, Johnson & Johnson, American Tower, Nvidia, Apple
– On Our Minds: The Tangible Thing About Intangibles

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POSTED IN: LBA Monthly View

LBA Monthly View | December 2020

– Notable: COVID-19, retail and digital spending trends, Christmas tree profit margins
– Company Highlights: Tyler Technologies, Amazon, American Tower Corp, Keurig Dr Pepper, Edwards Lifesciences Corp.
– On Our Minds: A message of unity and hope

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POSTED IN: LBA Monthly View