Quarterly Letters To Clients
At the end of each quarter, we look at how all our client accounts performed, in aggregate, and how the specific mutual funds we invest in for clients have done relative to their market benchmarks. Because every client portfolio is constructed at different times and under different circumstances, and we do not use a cookie-cutter approach or model portfolios, not all client portfolios look alike. The approach to investment selection and the broad allocation across asset classes will be consistent, but the specific investments may not be the same from one client’s portfolio to the next. As a result, in our quarterly letter, we rarely talk about specific investments, as such a discussion may not be relevant to all clients.
Medley & Brown Blog
[A version of this blog post was originally published in PORTICO Jackson magazine.] Gender equality, or the lack thereof, has become one of the more important social topics of our time. We have all seen data on the gender pay gap, suggesting that women earn about 80% of what their male counterparts do. While it is certainly true that women on average earn less, it’s not as clear that they are paid less for the same work, as women tend to be underrepresented in some of the highest paying professions, meaning the pay gap isn’t just about what you earn, it’s about what you do. And while women are now well-represented in some high-paying professional fields, like law and medicine, other areas remain woefully underserved by women, among them corporate executives (only 26 of the 500 CEOs in the S&P 500 are women), engineers, and alas, professional investors. Of particular interest to me is that last one, because there is compelling evidence that women are simply wired to be better at it.
The Convenience (and Some Potential Pitfalls) of Beneficiary Designations on Your Savings or Investment Accounts
One can easily designate beneficiaries on accounts at banks, brokerages, and other financial institutions. After an account owner’s death, the account assets can then be transferred relatively quickly, usually by having the beneficiaries fill out a form and attach the account owner’s death certificate.
Meet Our Team
Tim C. Medley
Tim Medley has been in the investment business since 1967, founded the predecessor to our firm in 1988, and was the first person in the State of Mississippi to be awarded the CFP® certification.View Profile
Doug Muenzenmay, CFA, CFP® joined Medley & Brown, LLC, in April 2010. Doug has 24 years of capital markets experience including portfolio management for individuals, institutions and endowments.View Profile
Julius Ridgway, CFA joined Medley & Brown, LLC, in July 2002. He has over 15 years of direct investment experience, and spent the previous ten years involved in various aspects of financial services, banking and real estate.View Profile
Eddie Carlisle, CFP® joined Medley & Brown, LLC, in May 2006, having previously practiced law for five years at Watkins & Eager, PLLC.
Eddie serves as the firm's Chief Compliance Officer.View Profile
Quotes & Commentary
Since 1926, the market’s cheapest stocks have outperformed their more expensive counterparts by 4.6 percentage points annually, according to data assembled by Dartmouth’s Kenneth French. But that was then. Since February 2007, the cheapest stocks in the U.S. have lagged their more expensive counterparts by 2.6 percentage points annually....