Carol Lee Royer

Waddell & Associates recommends investments in no-load mutual funds, ETFs, individual securities, money market funds, CDs, corporate bonds, US Treasury bonds and municipal bonds. The firm typically creates portfolios of no-load mutual funds, using model portfolios which match clients' unique investment objectives. They monitor the performance of these funds, adjusting portfolio positions in response to changing economic and market conditions. While W&A typically invests in no-load mutual funds, they may also invest in conservative fixed-income securities. W&A's investment philosophy is not constrained by capitalization size or domicile. Based on a variety of research methods, the firm develops a global, macro-economic view of the investing landscape. W&A then conducts extensive searches for relevant fund managers to coincide with their macroeconomic views. The managers use a combination of fundamental, technical, bottom-up and top-down analysis to make buy and sell decisions. When analyzing managers, W&A focuses on a variety of factors, including but not limited to manager tenure, performance track record, peer group representation, investing philosophy, portfolio composition, beta, r-squared, upside/downside capture, current conditions and future outlook of the markets.

Functions as a College/University

Functions as a College/University

W&A primarily uses mutual funds and ETF’s and, as appropriate, portfolios of fixed income securities, separately managed accounts, and structured notes. Their investment philosophy is not constrained by capitalization size or domicile. Based on a variety of research methods, the firm develops a global, macro-economic view of the investing landscape. They then conduct extensive searches for relevant fund managers or securities to coincide with their macroeconomic views. Some managers use an active approach by combining fundamental, technical, bottom-up and top-down analysis to make their buy and sell decisions. Other managers use a more passive approach by adhering to a target benchmark or applying a rules based strategy based on research that seeks to earn a long-term risk premium.