Master Limited Partnerships
Time-Tested, Academic, Tax-Efficient
Master Limited Partnerships (MLPs) are exchange-traded securities that own and manage the commercial utility (exploration, development, transportation, refinement) of natural resources such as minerals, timber, crude oil, coal, petroleum products, natural gas, and natural gas liquids (including propane). Created in the 1980s, MLPs—and their tax-advantaged structures—were formed by the U.S. government as a means to encourage investment in United States energy infrastructure.
As energy needs continue to rise and baby-boomers retire, we feel MLPs are well-positioned to profit as they meet those increasing consumption needs, while MLP investors—who are considered limited partners of MLPs—are expected to receive regular and generous distribution payments of approximately 7.5% (depending on each MLP). Typically 85% of the taxable income derived from MLPs has tax advantages. Investing in this asset class since 1990, our chief investment officer has perhaps the longest record as an MLP manager. Our MLP management approach is customized according to each client’s risk profile, and we are committed to providing clear, experience-based, and objective MLP investment advice. MLP presentations can be obtained by writing to firstname.lastname@example.org.