Kelli H. Mayhorn

Operates department and discount stores

Portfolio Capital Management (PCM) is a large-cap and mid-cap growth investor. The firm's equity investment approach focuses on value and earnings growth momentum. They utilize a financial screening computer program to identify potential investments. PCM looks for companies with a low relative p/e ratio, strong financial quality, above average historical and future growth rates, low debt-to-equity and the high probability of price appreciation due to current earnings momentum. The firm employs a strict limitation on the allowable p/e ratio. PCM's fixed-income investment approach seeks to provide positive rates of return in various economic environments and to reduce the volatility in large portfolios by investing in a more conservative mix of securities. Portfolios are structured in the 1 to 10 year maturity range. The firm emphases the 3 to 7 year maturity sector. Maturity structure is adjusted based on the firm's outlook on interest rates. PCM's balanced investment strategy seeks to provide an overall approach to the asset allocation decision. PCM structures portfolios based on each client's investment objectives and risk tolerance. When markets are weak, they may slightly reduce the portfolio's equity component and raise the fixed-income portion. This results in a purchasing opportunity for the firm when the market outlook is more favorable for equities. The components represented in the firm's traditional equity and fixed-income accounts portray the asset mix between stocks and bonds in their balanced accounts.

Functions as a College/University

Functions as a College/University