Investment Management

Always in your best interest.

  • Clearly Defined Investment Process
    Customized portfolios are built using our best investment ideas, relying on in-depth research by our analysts


    • Emphasis on long-term, risk-adjusted total return
    • Management and control of risk
    • Preservation of capital
    • Invest according to fundamental, intrinsic value
    • Collaborative team approach for vetting best ideas


    • Identify attractive secular trends and themes
    • Minimize volatility by diversifying portfolios
    • Actively pursue inefficiently priced stocks and bonds
    • Multi-cap investment style
    • Appropriately use cash and fixed income
    • Rigorous sell discipline; protect downside
    • Selectively use exchange-traded funds and mutual funds
  • Broad Investment Platform
    Our comprehensive approach to asset allocation helps generate attractive risk-adjusted returns over the long term while capitalizing on short- to mid-term opportunities by overweighting/underweighting individual securities, industry sectors or geographic regions. Clients benefit from our flexible and objective approach to portfolio construction and global diversification with access to a broad range of investment strategies across a variety of combinations of individual securities, specialized mutual funds and sector ETFs.

    Areas of Emphasis

    Strategic Asset Allocation

    • Long-term, patient, risk-adjusted returns
    • Global diversification across risk factors and market exposures

    Tactical Asset Allocation

    • Short-/medium-term opportunities for overweight/underweight of securities, sectors or regions

    Instrument Selection

    • Flexible and objective approach to investing in the “best fit” instruments, securities, funds or ETFs

    Opportunity Set

    Passive Versus Active

    • Active where opportunities for alpha exist (net of fees, taxes and risk considerations)
    • Passive where conserving fees and trading costs is optimal yet the beta and diversification opportunity fit portfolio

    Internal Versus External

    • Internally managed strategies ideally suited as core holdings
    • External managers, funds or ETFs add exposure to global and/or less liquid asset classes

    Risk Management: Total Portfolio View

    • Integration of client business/personal assets with regard to market (beta) risks, interest rate risks, sector-specific concentrations and liquidity/cash flow needs
  • Internal Equity Strategies
    Each strategy typically holds 35-60 stocks complemented by ETFs or niche mutual funds where appropriate

    Core Equity

    • Growth and preservation of capital by investing in global equity securities
    • Large-cap style identifying undervalued quality companies with sustainable growth prospects

    Equity Income

    • Prioritizes dividend sustainability, growth potential and yield among global equities
    • Yield premium to S&P 500 while targeting lower volatility

    Sustainable Equities (SE)

    • Long-term growth of capital by investing in high quality businesses with sustainable and responsible practices
    • Environmental, social and governance (ESG) research combined with traditional equity analysis
  • Internal Fixed Income Strategies
    Each strategy typically holds high quality individual bonds complemented by specialized mutual funds/ETFs1 as appropriate.

    Core Fixed Income

    • Preservation and gradual growth of capital focusing on stable, intermediate-term bonds
    • Average portfolio credit quality of A; duration target +/- 1 year of benchmark

    Core Plus Fixed Income

    • Moderate growth of capital and greater income generation by adding higher yielding securities to complement core holdings
    • Average portfolio credit quality is investment grade but will have some lower-rated holdings; duration target +/- 1 year of benchmark

    Sustainable Bonds (SB)

    • Preservation and gradual growth of capital by investing in stable, high quality taxable and/or tax-exempt bonds that also meet ESG criteria
    • Environmental, social and governance (ESG) factor research combined with traditional fixed income analysis; duration target +/- 1 year of benchmark


  • Internal ETF-based Strategies
    For clients looking for a streamlined approach, we do manage strategies based on global asset allocation executed exclusively with ETFs and mutual funds.

    Global Asset Allocation

    • Diversified global exposure across 10-15 ETFs covering all major asset classes and sectors
    • Managed according to the macroeconomic and sector outlooks of the Cambridge Trust team

    Other Mutual Fund/ETF Strategies

    • Standard portfolios often appropriate for smaller portfolios or other special circumstances 
  • Sustainable Investing
    Our Sustainable Investing strategy focuses on themes that deliver desired investment outcomes and align with your personal values. By combining environmental, social, and governance (ESG) analysis with our traditional financial due diligence process, we are able to identify best in class opportunities, create a broader perspective on long term earnings viability, and help foster a healthier and just world.
    Investible themes include:
    • Environmental Stewardship
    • Product safety
    • Strong labor practices
    • Health and well-being
    • Social equality
    • Economic and community development
    • Strong governance 
    Our approach adds an additional layer to our fundamental analysis:
    • Proprietary in-house ESG research process
    • Pursuit of positive impact; not just negative screening
    • Active management to avoid increased ESG risk
    • Consistent evaluation to account for evolving environmental and social risk factors
    • Active shareholder engagement to collaborate with companies on strategy, financials, and ESG factors

We actively manage your assets from a “total portfolio” perspective incorporating your needs for liquidity, tax exposures, risk tolerance, family goals and outside personal/business interests.


Get in touch

For more information about our Investment Management services, call:

844-251-0099 Email Us Find My Wealth Management Office

Investment Management Team

A highly talented and experienced investment team with an average of 20 years of industry experience constructs customized portfolios based on clients' unique goals.

Meet the Team

Q3 2023 Wealth Management Market Update Webinar

Watch the recording of Cambridge Trust’s Q3 2023 Wealth Management Update where Jeffrey F. Smith, CFP®, EVP, Head of Wealth Management along with our panel of experts, gives us an overview of the markets and discuss the seamless integration of Wealth Management and Private Banking here at Cambridge Trust.


Cambridge Trust Wealth Management once again named one of the Largest Independent Investment Advisers by The Boston Business Journal.


Where Did All the Income Go?

With dividends and bond yields continuing to decline, how can you get your portfolio to generate more income?


Investment Services for Nonprofits

As skilled partners to many area nonprofits we provide expert guidance and strategic solutions for each organization’s complex challenges, and offer specialty services customized for their needs. Members of the investment team serve on a number of nonprofit boards and committees, offering strategic advice and guidance.

  • Endowment Management
  • Investment Management