portfolio construction and investment update with chris gauthier, cfa
TRANSCRIPT
![Page 1: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/1.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
Chris Gauthier, CFAChief Investment OfficerMay 21, 2016
Stonehearth Capital Management
Semi-Annual Investment Update
![Page 2: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/2.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
SCM Market Update May 21, 2016
•Where We Have Been
•Where We Are
•Impact To Your Portfolio
![Page 3: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/3.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
The information presented here is not specific to any individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice. Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
Compliance Disclosures
![Page 4: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/4.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 5: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/5.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 6: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/6.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 7: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/7.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 8: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/8.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 9: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/9.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 10: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/10.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 11: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/11.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 12: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/12.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 13: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/13.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 14: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/14.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 15: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/15.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 16: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/16.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 17: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/17.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 18: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/18.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 19: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/19.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 20: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/20.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 21: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/21.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 22: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/22.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
![Page 23: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/23.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
COMPARISON OF GLOBAL SHILLER CAPE RATIOS
![Page 24: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/24.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
Asset Class CONSERVATIVE MODERATE AGGRESSIVE
Fixed Income (5.00%) (8.00%) (5.00%)
US Equity (10.00%) (15.00%) (15.00%)
International Equity 3.00% 5.00% 5.00%
EM Equity 0.00% 5.00% 5.00%
Alternative 9.00% 5.00% 5.00%
Cash 3.00% 8.00% 5.00%
ACTIVE PORTFOLIO WEIGHTS
![Page 25: Portfolio Construction and Investment Update with Chris Gauthier, CFA](https://reader035.vdocuments.us/reader035/viewer/2022062523/5884d9681a28ab4b778b4b1b/html5/thumbnails/25.jpg)
Stonehearth Capital Management, LLC is a Registered Investment Advisor. Registration does not imply a certain level of skill or training.
Questions and Answers