Segment is somewhat unique in our approach to managing client investments. Unlike most wealth management firms that subcontract security selection via mutual funds and separate accounts, we often build the entire portfolio ourselves using a multi-dimensional approach. We also use inexpensive and tax efficient exchange-traded funds (ETFs) as “building blocks” for many situations. These approaches tend to cut client overall fees in half as compared to most other alternatives. These approaches also give clients better compounded returns by deferring taxes on unrealized gain, which has estate planning benefits as well. Additionally, this approach also plays well with client charitable giving activity, where securities with a large gain are held specifically as “currency” for gifts to charity.