Rob Smith

Provides retail brokerage, investment advisory, banking and trust services

Designs, constructs, repairs, overhauls, and refuels nuclear-powered aircraft carriers and submarines

Covenant Wealth Management's investment approach is based on Modern Portfolio Theory. They often employ a passive strategy utilizing various index funds and/or ETFs. Covenant prefers mutual funds for the broad diversified exposure to targeted asset classes. The firm believes that equities should be a part of most long-term investors' portfolios to hedge against inflation. They invest in equities for long-term growth and appreciation. They also believe fixed-income securities (bonds, municipal bonds, TIPS, etc.) are an important component/asset class for most portfolios. The firm uses fixed-income securities to reduce overall portfolio risk and provide for short and intermediate financial needs. Covenant typically uses short and intermediate term fixed-income funds rather than long-term fixed income funds because they generally have less risk without a commensurate decrease in return. In the fixed-income asset class, cost control has a significant impact on performance and Covenant uses mutual funds that provide lower transaction costs and expenses due to economies of scale. Covenant gives strong consideration to mutual funds tax efficiency. Minimizing or deferring taxes can improve ones overall returns. For tax sensitive portfolios, they consider tax implication of securities selection and look for opportunities to minimize taxes through techniques such as tax loss harvesting. Where possible, Covenant uses index and other tax efficient funds in taxable accounts. Other funds and asset classes, that are less tax efficient, are often used in tax-deferred accounts such as retirement accounts and IRAs.

Functions as a College/University

Functions as a College/University

Operates leadership and advocacy organization