Kristine Stromeyer

Sierra Investment Management's investment approach uses no-load mutual funds and risk-limiting techniques that seek to reduce losses from steep downtrends. The firm targets long-term, double-digit annualized returns. They offer customized accounts for managed accounts over $1 million. Sierra also offers the following investment programs: balanced, high yield corporate bonds, conservative and tax-deferred.Sierra's balanced accounts use a globally diversified portfolio of no-load mutual funds which are typically allocated among high yield corporate bond funds, US and foreign equity funds, natural resources funds, low volatility funds and other bond funds.Sierra's high yield corporate bond portfolio are diversified among at least four of the following funds: the Evergreen High Income (EKHYX), the Fidelity Advisor High Income Advantage Institutional Fund (FAHCX), the Northeast Investors Trust (NTHEX), the Pax World High Yield Institutional Fund (PXHIX), the Principal High Yield Institutional Fund (PHTYX) and the RidgeWorth Seix High Yield Fund (SAMHX).Sierra's Conservative Program focuses on low risk relative to market volatility or global events. The program invests in bond funds and other income funds and has considerable overlap with the same bond funds the firm uses in their Balanced Program. On occasion, the firm may make changes, upgrading to a new designated fund in the same asset class or revising the asset allocation mix among asset classes.Sierra's Tax-Deferred Investment program provides long-term investors with tax-deferral on all profits until withdrawal and has no limit on contributions. The firm seeks to replicate the risk and return characteristics of their Balanced Program within the American Skandia No-Load Variable Annuity.Sierra's risk management process monitors portfolios on a daily basis. They do not try to predict market tops or bottoms, but rather to react to significant, actual trend reversals. When a designated fund turns down by an amount which is more than normal fluctuation, Sierra moves the relevant assets temporarily out of the fund and into the money market or other short-term investment. When designated fund turns back up by a significant amount, the assets are moved back into that fund or into a more attractive fund. Sierra does not attempt to beat buy-and-hold or to beat the market. Their Defensive Timing strategy seeks to protect accounts from any continuation of the downtrend in that designated fund. Sierra's Defensive Timing strategy is not based on their prediction of the future. The firm seeks to react to actual and significant reversals in the total return trend (price changes plus accrual of yield, if applicable) of each fund.

Rothstein, Kass & Co. LLC provides accounting and business consulting services. The company was founded in 1959 and is headquartered in Roseland, NJ.