INVESTMENT PHILOSOPHY         

For most investors who have accumulated substantial assets, a well-diversified portfolio of individual securities is an effective way to build wealth. Separate account management allows us to build a portfolio that is tailored to meet your unique financial situation.

Curran believes in the traditional, time-tested buy-and-hold approach. We are long-term investors committed to identifying superior companies that we can own for long periods of time.

Our investment style is considered a Core style, meaning our stock selection process does not preclude us from purchasing companies based on their size or style. We want to own the very best companies that we believe offer the greatest opportunity for long-term growth. We do not discriminate in terms of market capitalization and we are able to offer our clients a well-diversified portfolio, which may include large, mid and small capitalization companies. We consider both growth and value companies that meet our selection criteria. 

Investment Strategy        

Our investment discipline is based on a bottom-up approach to security selection. We employ a proprietary screening process to identify companies that we believe will offer our clients the best opportunities for long-term growth. We look for companies that meet the following criteria:

• Consistent earnings growth at rates higher than 10% 
• Resilience to the economic cycle
• Return on equity of more than 15% and
  retention of most, if not all, of their earnings
• Strong balance sheet
• Superior management
• Low debt to equity ratio

We utilize several data resources in gathering historical information, as well as annual and quarterly reports. Using quantitative and fundamental analysis, we determine a sustainable growth rate. Securities that meet our criteria are continuously monitored and evaluated relative to market and industry conditions.

Our objective is to build and protect your wealth over time. Although we believe in investing for the long-term, we recognize that sometimes it may be necessary to sell one of our holdings sooner than we expected. It may be due to a fundamental change in the direction of a company, disappointing earnings over a significant period of time or deterioration of a company's balance sheet. If we believe that this will negatively impact the way this company will perform in the future, we will sell the security and move on, investing the proceeds in another opportunity.

Our low portfolio turnover lends itself to tax-efficiency. In addition, we actively manage realized gains and losses to minimize tax liability.

Risk Management  

We strive to provide superior risk-adjusted returns. We manage risk by building a diversified portfolio which includes sectors that have historically experienced sustainable and consistent growth. We invest only in companies that have demonstrated financial strength and a history of delivering predictable earnings over different market cycles. We are not speculators or traders - we are analytical and patient.

Individual security risk is managed by monitoring the valuation of positions to ensure that we do not become significantly over weighted in a single security or industry group.

Asset allocation is an important risk management strategy. Based on consultation with you regarding risk tolerance and income needs, we decide how much we should invest in each asset class. Fixed income provides income to meet your obligations, as well as a cushion against market declines. We manage fixed income risk by adhering to strict quality ratings and maturity limitations.

Broad Range of Solutions

The investment process begins at the very first meeting, as we learn about your goals, tolerance for risk and income needs. Based on these discussions, we determine an appropriate asset allocation and construct a portfolio that is tailored to your needs.

We recognize there is real value in providing you with a specialized menu of investment options, rather than every product available. You may choose to have your assets managed by our firm or you may decide to use outside managers or mutual funds to achieve your goals. A clear illustration of the benefits and costs of each strategy will be presented so you may objectively evaluate each alternative.

Our Investment Committee applies a strict screening process for all investment options we recommend. The Committee continuously monitors all recommended investments and investment managers.

With our strategic asset allocation and investments in place, we create an Investment Policy Statement which summarizes your goals, asset allocation and wealth management strategy.

We understand that once your strategy is implemented, our work is not done.  We provide you with comprehensive quarterly performance reports so that you can clearly measure our progress in helping you reach your financial goals.

Client Service

Our consultative approach provides you with a highly personalized level of service. We understand you are unique and have special needs. To create a successful wealth strategy, we must learn all we can about you, recognizing there are many issues which impact your financial picture. We take the time to listen to your hopes and dreams for your future.

We believe in frequent communication. We meet with our clients regularly to communicate our results in the management of their portfolio and discuss any changes to their investment profile.

Clients receive regular written communication, to include our monthly investment letter, Curran Views, as well as quarterly market letters.

We recognize the importance of working with your tax and legal advisors. Through these relationships, we believe we can share our goal of providing you with the best advice for your unique circumstances.

We are committed to providing you with the highest level of service and attention, whether you are a new client, or one with whom we have a trusted, long-term relationship.