Account Relationships

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 include assets, income, tax situation, family needs, estate planning, and risk preferences. The result of our review is a written statement of investment objectives that becomes part of the client's advisory contract. Subsequent to our initital review, accounts are reviewed on a continuing basis. Review meetings are held as desired by clients.

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 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.

As of March 2012, Saturna had sixty-six discretionary client accounts, including nine mutual funds. Total fee-paying discretionary assets were $4.12 billion, 97% of which are in mutual funds.

Continue to Investment Management Accounts