Lesson 12: Opting For Professional Portfolio Management
|
|
OPTING FOR MANAGEMENT
Gregory W. Serbe, President Spread v. Fee
|
When you’re ready, there are two ways at Lebenthal to build a municipal bond portfolio. One way is to let someone at Lebenthal get to know you, call bonds to your attention, and help you pick and choose. To the extent that you are the one who decides, “yes…” or “no,” I think of it as building the portfolio on your own. The other way is to let Lebenthal build the portfolio for you, and have it managed for you on a discretionary basis by the same Gregory W. Serbe who ran the top-ranked municipal bond portfolio for the old Lebenthal Municipal Asset Management (before Merrill Lynch acquired our firm). While at Lebenthal, Serbe and his team had been awarded the “Lipper Best Small Fixed Income Fund Family” and ranked by Nelson’s as #1 for 10 years. When Merrill Lynch gave us back our name in 2007, Serbe returned as President and Senior Portfolio Manager of Lebenthal Municipal Asset Management -- once again doing the buying, selling, holding, trading – in a word, managing. To the left are ten Serbe insights from the man at Lebenthal who would be building the portfolio for you.. After window shopping for municipal bonds or playing Match-Ups on the MuniProfiler, users are welcome to call me…me, Jim Lebenthal, at 212 425-6006. It’s how I break the ice and can direct you at Lebenthal. Do I really take calls and handle accounts? 212 425-6006. Click for Greg Serbe Discussions on Thomson/Reuters TV of
|
Taking the Guesswork Out Of Choice