Medley & Brown, LLC
Financial Advisors
Advisers Brace for Another Volatile Year
THE WALL STREET JOURNAL: Tim Medley was featured along with four other advisers from around the country, highlighting their investment outlooks for the coming year and beyond.
In the column, Tim said that he expects good markets over the next two years, driven in part by continued economic expansion and a recovery in housing and construction.
He went on to say that over the next five to ten years he favors high quality U. S. equities.
Make Financial Resolutions to Kick Off 2012
Preparation for Success
Eddie Carlisle was recently profiled in the fall 2011 edition of MC Business, the publication of the Mississippi College School of Business. See the full article here:
Preparation for Success 376.81 Kb
The Psychology of Investing
Portico Jackson Magazine: Julius wrote a four-part series of columns for Portico Jackson magazine, appearing in the April, June, August and October issues. The series focused on behavioral finance and ways that ordinary investors can use the concepts presented to overcome cognitive errors in investment decision making. Please click below to see any of the columns in their entirety.
April Portico column 570.61 Kb
Advisers' Little Secret: Their Past Results
THE WALL STREET JOURNAL: Medley & Brown, LLC was highlighted and Tim was interviewed for this article about advisers that do and don't track and report investment performance, and make the information publicly available. The article points out that while mutual fund firms and most institutional asset managers report performance, most advisory firms that cater to individuals do not. Many firms cite the degree of individualization and customization in client portfolios as a reason that firmwide performance may not be meaningful. In the article Tim points out that our firm posts its long-term record of investment results on the website. An excerpt:
"Medley & Brown LLC, an advisory firm in Jackson, Miss., addresses the disparity in client types by posting two broad, 10-year rolling performance charts on its website: a "growth" composite, which includes portfolios with less than 18% of the account in cash and bonds, and a "balanced" composite, which includes portfolios with 18% or more in cash and bonds.
Because of the cost and labor involved in adhering to GIPS [Global Investment Performance Standards], Medley & Brown is not GIPS-compliant, says Tim Medley, a principal. However, Mr. Medley says the firm has looked to the SEC guidelines and the GIPS program for guidance in crafting performance charts."
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"This market is all about what [John Maynard] Keynes called 'irreducible uncertainty'...mainly centered in Europe. We don't know what is going on with the countries and their banking system. Equities are gyrating because of the macro problems in Europe."
Bill Miller, Legg Mason Capital Management
August 10, 2011