The early mission of Asset Dedication grew out of a research project at the University of San Francisco’s School of Business in the late 1990’s. Its focus was to engineer retirement income portfolios for individual investors using the liability-driven method of investing that is common within the institutional world. From this research emerged a concept and process for balancing the risks of volatility and longevity through a goals and time based approach to asset allocation. The cornerstone of this idea is using individual bonds to match a retiree’s income stream.
In 1999, the project’s founders, Stephen J. Huxley and Brent Burns, began consulting with advisors interested in the Asset Dedication strategy. In 2002, they formed Asset Dedication, LLC and registered as an investment advisor. Huxley and Burns coauthored a book entitled Asset Dedication, which described the strategy and was published by McGraw Hill, in 2005. Asset Dedication established connectivity with custodial firms and began directly managing assets for very limited number of clients of RIAs in 2007. In 2010, the firm established its separate account platform and began offering portfolio solutions to the RIA marketplace.
Asset Dedication’s separate accounts provide independent financial advisors and their retirement oriented clients pension-like predictable bond portfolios and time-segemented equity portfolios. The firm provides sub-advisory services based on its proprietary investment strategy, creating precision engineered portfolios that are directly linked to an individual’s lifetime financial plan. Combining academic insight and practical strategies, its dedicated bond portfolios make predictable outcomes possible.
In 2012, Asset Dedication opened up it’s technology infrastructure and back-office resources to liberate independent financial advisors from time-consuming non-core business activities. Doing so, Asset Dedication has provided them with a way to run a growth-oriented and scalable practice.