We are a Michigan corporation founded in February 1995 by Mr. Donald I. Gregg. We must
inform you of anyone owning twenty-five percent (25%) or more of our firm’s common
stock. Mr. Gregg is our sole principal and owns more than twenty-five percent (25%) of our
firm’s common stock.
Investment Supervisory Services
We offer investment supervisory services to individuals, high net worth individuals, pension
and profit sharing plans, corporations, endowments, foundations and family partnerships on a
nondiscretionary basis. We generally select, recommend and continuously monitor approved
investments in mutual funds and exchange traded funds. You are under no obligation to
implement our recommendations.
Prior to offering these services, we will discuss with you and obtain information about your
investment objectives, financial situation and risk tolerance. If you are a high net worth
client, we will offer to review your account with you at least annually and determine if there
have been any material changes in your financial situation or objectives. If you engage us to
provide investment supervisory services, we will notify you in writing on a quarterly basis,
included with each billing statements that we, or a person designated by us, should be
contacted if there have been any changes in your financial situation or investment objectives.
Services for Qualified Plans
We also provide investment management services to sponsors of qualified retirement plans.
For employee directed plans, we generally recommend investment in a menu of mutual funds
and a collective investment trust. In addition, we develop risk based model portfolios that
are comprised of some or all of the recommended funds. If requested by the plan sponsor,
we will offer these services on a discretionary basis, and take discretion to direct the retire-
ment plan record-keeper to execute the trades for those plan participants who have elected to
participate in the model portfolios. If you engage us on a discretionary basis, we determine
the amount of the securities to buy or sell for your account without obtaining your specific
consent for each transaction. However, you may place reasonable restrictions, in writing, on
our discretionary authority or place limitations on the types of investments for your account.
For trustee-directed plans, we
offer our services on a nondiscretionary basis by recom-
mending an appropriate asset allocation of the plan assets in light of the client’s goals and
risk tolerance. In these situations, the client ultimately has the responsibility to approve the
recommended investments.
Investment Consulting
We also provide investment consulting on a project basis. We may draft investment policy
statements, develop asset allocation guidelines and strategies, recommend investments,
conduct plan administrator or custodian searches, provide performance measurement of
money managers or recommend one or more managers.
We also provide investment consulting services to qualified plans, where we create multiple
model portfolios of investments that include no-load mutual funds. Plan participants select
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the funds and their third-party administrator will process the trades. Each year we review the
models and may make recommendations for changes to the investments or the allocation
among the investments. We provide investment consulting services on a nondiscretionary
basis.
We assist 401(k) or 403(b) plan sponsors in evaluating and comparing service providers for
plan administration and custodial services. Using a proprietary Request for Proposal (RFP),
normally we will request responses from a number of service providers. We will evaluate
each respondent and typically recommend two finalists for an interview with the Plan
Sponsor and us. The ultimate decision to select a service provider rests with the plan
sponsor. We do not operate in a discretionary capacity.
If you engage us to evaluate an investment or money manager's performance, we may
provide this service on a monthly, quarterly, semi-annual or annual basis. Our analysis will
include results for last quarter, as well as the past one, three, five and 10 years. We may
review the performance more frequently if we determine that it is appropriate to recommend
that a manager be placed on watch list for your holdings in this mutual fund. In this case, we
will contact you if a change is recommended and state the reason for recommending the
change and identify the new manager.
Assets Under Management
As of December 31, 2022, we manage $144,082,029 of client assets on a discretionary basis
and $455,677,580 of client assets on a non-discretionary basis.