Peter Thomas Toscani

The Killen Group adheres to a strict value approach to investment management. Retail clients’ portfolios may contain individual securities, such as stocks and bonds, as well as mutual funds. The mutual funds may be one or more of The Berwyn Funds, for which the firm serves as investment advisor, or other funds recommended by the firm, including ETFs. Institutional clients’ portfolios are invested in small and micro-cap value oriented securities. The Killen Group's proprietary value-based investment research seeks to identify prospective companies that, in their opinion, represent unrecognized growth potential. The firm's equity and fixed income selection processes focus on undervalued, temporarily out-of-favor securities with sound fundamentals. The firm's security research relies primarily on fundamental analysis, but is augmented by technical and sector analyses. The Killen Group's strategy for retail and high net-worth clients seeks to outperform the relevant benchmark indices over the long-term, 3 to 5 years, by adhering to a strict value approach to the selection of investment securities. Their portfolios are diversified by the number of holdings, industry sectors and by a range of market capitalizations. The Killen Group also applies their value approach to the selection of investment grade and high yield bonds, including convertible bonds. The firm's bond research often identifies companies undergoing fundamental, positive changes. Bond maturities generally align closely with their benchmark indices as the Killen Group relies primarily on their credit analysis and security selection to add value, rather than on interest rate forecasting. In determining the composition of bond portfolios, the firm considers credit quality, sector yield spreads, interest rate sensitivity and the shape of the yield curve. The Killen Group's Institutional Small Cap Value Strategy seeks to achieve, over the long term, long-term capital growth and to outperform the Russell 2000 Value Index by investing in small cap and micro-cap stocks they believe are attractively priced on a multiple basis and sell at low prices relative to multiple measures of value and have price appreciation potential.

MS&S is a long-term investor that employs both top-down and bottom-up approaches in their investment management process. The firm evaluates economic conditions that affect capital markets, individual countries and regions, and specific industries. They favor companies that consistently produce corporate earnings growth faster than their peers, are leaders in their markets, have well defined dividend policies and have products and business plans they can understand.

Functions as a College/University

ZCA provide their clients with access to private equity and private debt opportunities across sectors. The firm focuses on the evaluation and selection of third-party investment managers. Through their investment process, they seek to identify investment managers capable of providing superior investment results for ZCA’s clients and to the extent possible, minimize the risk of poor performance.