Bradley, Foster & Sargent manages fixed income portfolios to meet the liquidity, income and asset preservation needs of its clients. We utilize various fixed income instruments to provide predictable income flows and capital returns to those clients whose investment objectives favor stability over potentially higher returns. Espousing a risk-averse philosophy in managing fixed income assets, we seek to minimize credit risk as well as interest rate risk. Fixed income portfolios are generally focused on high credit quality and short to medium term duration instruments. U.S. government securities, corporate, and/or tax exempt bonds may be utilized to optimize the individual risk, return and tax profile of the client. Where maximizing current income is the primary objective, we may employ REITS, Master Limited Partnerships, preferred stocks, higher yielding equities and high yield mutual funds in order to meet the income needs of our clients.