The KSE Value Group
Seeking Unrealized Value to Deliver Risk-Balanced Returns
The KSE Value Group builds customized, core portfolios that emphasize risk management for clients including individuals, families, businesses and charitable organizations. In many cases, we work with multiple generations of family, forging strong relationships that span decades.
Watch an Introduction to The KSE Value Group
Portfolio Managers (left to right): Michael N. Emmerman, Brooke Johnson, Michelle B. Stein and Richard Wesolowski
Lifecycle of an Investment: The Catalyst Is the Key
We are classic value investors. We’ve found over the course of our careers that companies representing great values are not always initially exciting—one reason they may be overlooked by other investors. These companies may have good franchises, strong balance sheets and attractive dividend yields. They may have reached a plateau or a period of stagnation, but are in the earliest stages of a positive transformation, driven by a catalyst, such as a change in management, a new product or a potential acquisition. These catalysts can help unlock a company’s value; and identifying them before their value becomes apparent to the market is the key to our investment process.
Catalysts, in the form of broad market and/or company-specific events, often lead to accelerating earnings growth and a positive change in investor perception.
The KSE Value Group at a Glance
- Experienced portfolio managers known for independent thinking and agile investing
- Team averages 35 years of industry experience
- Manage over $1.6 billion in assets for individuals, families and institutions
- Flexible, catalyst-driven, all-cap value strategy
The S&P 500 Index® As An Emoticon: Tracking Investing Performance
To determine if you are on track for reaching your financial goals, it is important to monitor investment results. Doing so by simply comparing performance with a stock market index, however, may provide only some of the perspective you need. While indexes are an essential instrument for the industry to measure performance of an asset class, they may not represent an ideal tool, in isolation, to measure progress toward your investment goals.
The Client Experience
“We often say we ‘stick to our knitting.’ That means rigorous adherence to a clearly defined process, regardless of the market environment. We don’t chase returns—we seek long-term value. ”
Integrated Wealth Management Solutions
The KSE Value Group partners with our clients’ trusted advisors to create multidimensional solutions that can incorporate investment, financial and tax planning, and trust and charitable giving strategies.
We offer customized, risk-balanced strategies designed to help address each client’s needs and goals.
- Separately managed accounts
- Flagship flexible equity, fully invested and fixed income strategies
- Liquidity management
Asset Allocation and Asset Location
We take the time to understand each client’s objectives, needs, time horizons and attitude toward risk across different accounts, and develop customized strategies for each.
- Taxable and tax-deferred accounts
- Trust and custody accounts
We partner with clients and their advisors to help mitigate the impact of taxes and implement investment solutions within wealth transfer strategies.
- Tax-aware investing
- Charitable giving solutions
- Able to deploy Neuberger Berman Trust Company for personal trust and institutional fiduciary services
To learn more about The KSE Value Group, please call Brooke Johnson at 212.476.5996.
This material is intended as a broad overview of the portfolio manager's current style, philosophy and process. This material is presented solely for informational purposes and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment or strategy is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were, or will be, profitable. Any views or opinions expressed may not reflect those of the firm as a whole. All information is current as of the date of this material and is subject to change without notice. Investing entails risks, including possible loss of principal. Past performance is no guarantee of future results.