Henry Smith

Provides commercial and institutional banking services

Provides global investment advisory services

Provides insurance and reinsurance services

WPS Advisors seeks to double the value of their clients' investments every 5 years, for an average return of about 15% a year. The firm conducts in-house research on every company they select, developing their investment research information from a variety of sources, both external and internal. They visit companies regularly, contact managements frequently and talk to competitors, customers and suppliers. WPS Advisors prepares detailed 5-year projections for all investment prospects. These forecasts, and the related appraisals of fair current value for companies under review, are continuously updated. Central to the firm's analytic process is a valuation method that is used to determine the intrinsic value of the shares of each of the companies they follow. This appraisal technique systematically examines all relevant factors such as quality of assets, ability to finance growth, strength of product line, capability of management and inflation adaptability. WPS Advisors seeks to invest in companies with solid and consistent earnings growth, which is associated with significant revenue growth. They also look for companies with above-average profitability with low sensitivity to economic cycles, strong financial positions with below average debt-to-total capital ratios, controllable operational leverage, high free cash flow and exceptional management teams. Though not limited by sector, the firm tends to invest in the stocks of US mid-cap and large-cap companies in the finance, consumer non-durables, electronic technology, technology services and retail sectors. WPS Advisors maintains a low turnover rate.

WPSE is a long-term, research-based manager which seeks to provide above-average long-term investment returns, while accepting what they believe to be below-average risk. The firm seeks to invest in large, growing enterprises that are leaders in their respective fields and that operate businesses with relatively predictable growth. WPSE focuses on a five-year investment horizon and does not engage in market timing. Because the firm invests long-term in a very limited number of high quality, generally non-cyclical businesses, they will typically not have holdings in many of the S&P industry groups.

Functions as a College/University

Provides property and casualty reinsurance services

Provides fire, marine and casualty insurance services

Provides reinsurance services