|
|---|
|
PROGRAMS - Fairfield Research applies years of experience, market expertise, and technology to identify, analyze and exploit investment opportunities for our institutional investors. Our management team has built a professional organization dedicated to serving a wide range of client needs and account emphasis, both taxable and tax-exempt. Clients include pension funds, profit-sharing plans, endowments, foundations and trusts. Each portfolio is tailored to specific client objectives and requirements with separate account management. Fairfield Research does not run pooled accounts or mutual funds. STRATEGY - Client portfolios are managed to preserve and enhance the purchasing power of capital over stock market cycles. Our goal is to protect capital during negative markets and to increase capital in real terms and after taxes during favorable markets. Attempting to outperform the markets during periods of overvaluation can lead to excessive investment risks and is contrary to our basic philosophy. While Fairfield Research does not employ market-timing strategies, we do use dollar-cost-averaging when initiating new stock positions. We also utilize a sell discipline based on excess market valuation in relation to a companys sales, to reduce the price risk in stocks having gains. Our advice is strictly independent and objective, with no conflict of interest with our clients. We do not function as a broker, dealer or underwriter of securities. Advisory fees are our sole compensation. FEE SCHEDULE - Fairfield Research offers investment advisory services for a percentage of assets under management. Fees payable to the firm by its institutional clients are negotiable, but are generally based on the following table. The minimum annual fee for managed accounts is $2,500. First $2,000,000
1.00% per annum Fees are billed quarterly, in advance. Clients are permitted to cancel their relationship with us at any time by written notice and, upon such cancellation, are entitled to a pro-rata refund of the fee. |
|
