David Michael Byrns

ACIM uses a variety of methods of analysis and investment strategies in managing their clients’ assets. These methods of analysis and strategies are generally designed for strategic, long-term investing. Most client portfolios managed by the firm pursue an investment strategy using an equity, fixed income, alternative or multi-asset approach.

Hilliard Lyons Capital Management (HLCM) offers six actively managed equity products: Multiple Attribute Dividend Growth, Large-Cap Equity, Mid-Cap Core, Multiple Attribute Growth, High Yield Equity and Large-Cap Quality Growth. The Multiple Attribute Dividend Growth strategy seeks to outperform the S&P 500 by 200 basis points with equal or less risk than the market over time through investments in companies with superior earnings and dividend growth. The firm seeks to identify purchase candidates in three categories: dividend growth, attractive value and high growth. The foundation of the strategy is dividend growth. 80% to 100% of the portfolio's value is invested in dividend growth companies at all times. Absolute dividend yield is not the critical factor. HLCM focuses on dividend momentum looking for companies that are increasing their dividend well above the average growth rate of the S&P 500. To provide proper balance and the opportunity to outperform in multiple environments, HLCM allows up to 20% of the portfolio to be invested in attractive value and high growth stocks. The firm conducts qualitative research utilizing three levels of analysis: fundamental, valuation and technical. Portfolios typically contain the stocks of 50 to 70 companies. The firm's Large-Cap Equity strategy seeks to identify industry leading companies with strong financials and solid growth prospects. The strategy invests in companies with sustainable competitive advantages and compelling valuations that are run by skilled and shareholder-friendly managers which provide consistent revenue and earnings growth. Portfolios typically contain the stocks of 25 to 30 companies. HLCM seeks to stay fully invested to capture the superior returns associated with equity investing. HLCM's Mid-Cap Core strategy seeks to invest in industry leading companies with sustainable competitive advantages, compelling valuations, strong free cash flow, high returns on capital and proven shareholder-oriented management teams. The firm uses proprietary research and bottom-up analysis. Portfolios typically contain the stocks of 25 to 35 companies. The firm seeks to be fully invested. The Multiple Attribute Growth strategy seeks to outperform the market over time by investing in a balanced mix of stocks. HLCM identifies attractive purchase candidates in three categories: dividend growth, attractive value and high growth. Dividend growth is an important part of this strategy but is somewhat deemphasized as to HLCM's Multiple Attribute Dividend Growth. In the Multiple Attribute Growth strategy, targeted portfolio allocations are 60% to 80% in dividend growth and 0% to 40% in attractive value and high growth. The firm conducts qualitative research utilizing three levels of analysis: fundamental, valuation and technical. Portfolios typically contain the stocks of 50 to 70 companies. HLCM's High Yield Equity strategy seeks to outperform the S&P 500 over longer periods of time with less risk and with a superior dividend yield when compared to that of the benchmark. Income generation is of primary importance relative to total return. The firm seeks to identify companies with dividend growth. They seek to maintain a portfolio yield that is equal to or higher than that of the S&P 500. 100% of the stocks in the portfolio must pay a dividend. The firm conducts qualitative research utilizing three levels of analysis: fundamental, valuation and technical. Portfolios typically contain the stocks of 40 to 60 companies. The firm's Large Cap Quality Growth strategy focuses on the long-term ownership of companies with sustainable business advantages purchased at compelling valuations. They seek to outperform the Russell 1000 Growth Index with lower risk over longer periods of time. The strategy invests in industry leading growth companies with sustainable advantages, shareholder-friendly management teams and solid financials. Portfolios typically contain 25 to 35 positions. HLCM seeks to remain fully invested.

The London Company invests across all market capitalizations, offering US equity portfolios. The firm seeks to generate long-term value through a focused, bottom-up strategy driven by downside protection. They actively seek high conviction holdings to build meaningfully differentiated portfolios. The London Company utilizes a proprietary balance sheet optimization model and follows a risk-controlled sell discipline.

ClearArc Capital offers a broad array of equity, fixed income and specialty investment strategies as well as customized portfolios. Clients within each investment strategy share similar investment objectives. Additionally, the firm offers a passive equity index product. Their investment strategies include: Large-Cap Equity Index SRI, Core Fixed Income, Intermediate Government, Intermediate Government/ Credit Fixed Income, 1-3 Year Government LAM, 1-3 Year Government/ Corporate LAM, and Short Term Maturity LAM.

Functions as a College/University

Functions as a College/University