Saturna Capital advises a variety of accounts divided between (1) Investment Management Accounts for individuals, families, trusts, estates, corporations, retirement plans and (2) Pooled Investment Funds (mutual funds and private partnerships). Each Investment Management Account is assigned a primary account manager, responsible for the client's portfolio. Client reviews normally include assets, income, tax situation, family needs, estate planning, and risk preferences.
When advising families, we regularly advise on many aspects of the family's financial arrangements because the assets often include retirement plans, trusts, real estate, and business interests, all of which are involved in conducting an appropriate investment program.
We tailor our advisory service to the specific needs of each client by first conducting a thorough analysis of the client's financial situation, goals, and risk tolerance. The result of our review is a simple statement of investment objectives. All accounts are reviewed on a continuing basis. Review meetings are held as desired by clients.
We believe that the appropriate method of measuring performance is to measure the return relative to the level of risk assumed in producing that return. Simply measuring a raw return can produce a false or incomplete picture. A record of high returns in some markets with steep declines in others may be more indicative of a willingness to take risk than of superior investment skills. Therefore, we believe the appropriate method is to determine any additional return over that which might have been expected for a given amount of risk assumed.
To illustrate investment results, Saturna's mutual fund results are updated daily at www.saturna.com. When making comparisons to other investments, remember that mutual fund performance results are always what the investor receives, after deduction of management fees and all expenses. Results optionally also reflect certain income tax assumptions.
Saturna Capital also manages three portfolios of an unaffiliated private pooled investment fund (Sterling Stock Investments, LLC) with Islamic investment objectives and a performance fee. Following Islamic principles, there is no base fee for this account, but the general partner receives 20% of the gain (from the highest year-end net asset value) each year. The general partner is an unaffiliated firm that retains Saturna as the investment adviser to the two portfolios, and pays Saturna half of the 20% performance fee. The general partner may terminate Saturna as investment adviser at any time without penalty. This account has a minimum investment and minimum net worth requirements, and is not offered to the public.
As of March 31, 2016, total fee-paying assets were $3.41 billion worldwide.