About Asset Allocation
Asset allocation is a precise division of the investor's portfolio that sets up the initial boundaries for a portfolio's risk and return. It becomes the customized blueprint that all other steps in the process must follow.

We believe that an asset allocation approach is what will produce positive results. This is not merely an opinion, it is a fact demonstrated by investment professionals and proven, time and again, including in a landmark study by Brinson, Singer and Beebower, first published in 1991 and expanded in 1993. The study concluded that asset allocation -- not market timing or stock selection -- is the primary determinant of variation in portfolio return.

Lara, Shull & May is pleased to offer Morningstar Managed Portfolios™ and several asset management programs.

Morningstar Managed Portfolios™
Morningstar, Inc. is widely recognized as a premier investment research firm. Through its subsidiary, Morningstar Investment Services, it has now applied its expertise and resources to offer an investment program designed around an individual. Morningstar Managed Portfolio is a turnkey, fee-based investment-management program that features several mutual fund portfolios researched, engineered, and monitored by Morningstar Investment Services, as well as back-office operations and support services. For each investor, the Managed Portfolio service identifies just the right combination of mutual funds to keep risk in line and maximize return potential. The entire mutual fund universe is evaluated. This offers investors exposure to premier fund selection expertise and greater flexibility.

Other programs offered include, but are not limited to:
* SEI Asset Management
* RBC Dain Correspondent Services’ Asset Choice
* West Hills Institutional
* Neuberger Berman Fund Advisory Service(“FAS”)

For more information or to arrange a private discussion with an investment advisor we invite you to contact us.