David Bern

Safian's investment philosophy emphasizes preservation of capital; their money management style is sector rotation. The firm's investment approach recognizes that the basis of stock price disparity among groups is the difference in business conditions among segments of the economy. They analyze macroeconomic, technical, political and demographic trends as they relate to the securities markets. After determining the most attractive sectors, they select individual companies and fixed-income securities that should benefit from the investment environment that Safian foresees.