The most important ingredient
in North Side Bank's success managing your portfolio is understanding
your expectations, goals and objectives as well as your tolerance
for risk. In order to provide the highest quality investment
results and administration services it is essential to establish
your investment objectives.
The four investment objective
categories we consider are:
Preservation: Emphasis on preserving capital
and providing income for the short term. Inflation and capital
growth are not considered.
Emphasis on maximizing future income and preserving income
for the long term.
Provides income and growth to keep pace with inflation.
Emphasis on long-term capital growth and above average inflation
protection. Income is a secondary objective.
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At the outset of our relationship, our investment manager
works with you to ensure that we fully understand your cash
flow needs, your comfort level and your expectations in order
to develop a portfolio appropriate for you. The following
table provides an outline of the asset allocation guidelines
according to your investment objectives.
Once the portfolio objectives
have been determined, the portfolio manager will select a
mix of investments that takes advantage of the current market
and the Trust Investment Committee's current policy. Stocks
are selected from current recommended lists and fixed income
securities will be purchased to provide the highest income
with the least amount of risk.
One of the primary functions of the investment manager is
to communicate with you and maintain a portfolio that delivers
the anticipated return and adapts to your changing needs.
It is our goal to help you develop an effective long-term
investment strategy and maintain consistent communication
to ensure that your goals are being met with a properly structured
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As a part of the portfolio structuring and asset allocation,
we have developed the North Side Bank Wealth Builder. The
Wealth Builder consists of approximately 30 to 35 individual
stocks and is managed by the North Side Bank & Trust.
In selection of stocks, the Trust Investment Committee utilizes
an extensive research network, which includes top-rated analysts
representing several brokerage firms including Paine
Webber, Merrill Lynch, and Donaldson, Lufkin & Jenrette.
Value Line and other investment resources are also employed.
To enhance performance, all transaction costs are minimized
by the trust department's institutional commission agreements
with brokerage firms. Commissions range from 7 to 15 cents
per share depending on the number of shares purchased or sold.
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Fixed income investments are made in securities rated 'A'
or better by major investment grading firms. We concentrate
our issue selection on high quality US Treasury, Federal Agency
and corporate and tax-free bonds. Individual income and liquidity
needs are considered when designing a bond portfolio.
Non-deposit investment products are not insured
by the FDIC or any other agency of the United States, are not obligations of, or guaranteed by The North
Side Bank and Trust Co. Non-deposit investment products are
subject to investment risks, including the possible loss of the
principal amount invested.