Sandra M. Barker

Montag & Caldwell is a large-cap growth investor. The firm employs disciplined, fundamental analysis to select individual securities. They are a long-term investor, focusing on high-quality growth opportunities. Montag & Caldwell utilizes a primarily bottom-up investment process in which they interrelate price with earnings momentum. Their strategy uses a present valuation model in which the current price of the stock is related to the risk adjusted present value of their estimate of the company's future earnings stream. Montag & Caldwell offers the following investment strategies: Large-Cap Growth, Mid-Cap Growth, Fixed-Income and Balanced. Montag & Caldwell's growth equity philosophy emphasizes fundamental valuation techniques which focus on a company's future earnings and dividend growth rates. The process is primarily bottom-up and utilizes a present valuation model in which the current price of the stock is related to the risk-adjusted present value of the company's estimated future earnings stream. The firm seeks to buy growth stocks that are selling at a discount to their fair value at a time when superior earnings per share growth is visible for the intermediate term. The firm manages fixed-income assets to maximize total return at an acceptable level of risk. They accomplish through adjustment of the portfolio duration/maturity and by changing the sector weights within the portfolio among government, corporate, mortgage-backed and other fixed-income investments. By analyzing the expected total return of a bond portfolio within a range of possible interest rate movements, Montag & Caldwell seeks to structure portfolios to outperform the market with lower risk over a complete interest rate cycle. The firm manages both taxable and tax-free fixed-income portfolios. They provide active fixed-income management that is designed to seek returns that outperform bond market averages, without excessive activity. For their balanced portfolios, Montag & Caldwell combines their high-quality growth equity investment approach with the higher and more stable income of bonds. The appropriate asset mix is determined through consultation with the client concerning their risk tolerance, income needs and growth objectives. The firm further refines the asset allocation between stocks and bonds around the target mix based on their conclusions about market valuation levels, the economy, investor sentiment and liquidity. Asset allocation reflects their judgment of the relative attractiveness of common stocks to other assets and is based on a broad overview of economic, political and financial market trends. The equity portion of balanced accounts focuses on growth companies with strong fundamentals with compelling valuation levels. The fixed-income portion of balanced accounts is fully invested at all times with risk managed by changing the maturities and sector emphasis of the portfolio over time.

Eagle seeks to achieve investment returns superior to broad equity market indices in both up and down markets. They use a fundamental, bottom-up, research-driven approach to find undervalued companies that will experience long-term secular change.

Functions as a College/University

Provides securities brokerage, investment banking and underwriting services

BHIC seeks to provide investment returns through the competent, disciplined, fundamental analysis of individual securities. Their investment process is primarily bottom-up in which they interrelate price with earnings momentum.