How do you manage portfolios?

We do manage our own portfolios, and base those on various risk levels around need for income, growth, or some combination.  We are agnostic to money managers and have a thorough system to assure we are using the best money managers in the appropriate asset classes.  All portfolios are both active and passive based investments, and we stress test to assure the mix is designed to provide clients with the best upside potential as well as the best downside protection.  We hold weekly meetings to review portfolio inventory to determine if adjustments are warranted.