Susan Barrett

Dearden, Maguire, Weaver & Barrett (DMWB) invests in high-quality equity and fixed-income securities. The firm seeks to create portfolios that protect capital, while maximizing opportunities for growth. DMWB emphasizes undervalued growth stocks and traditional value stocks when price versus value is compelling. The firm's stock universe consists primarily of US large-cap stocks. Most are blue-chip companies with market-caps greater than $5 billion. When selecting stocks, they look for high-quality companies with steadily growing earnings and dividends. DMWB takes a moderate approach to risk and selects stocks with relatively low p/e ratios and reasonable current yields. Although macroeconomic factors are considered for portfolio sector weighting, stock selection is primarily determined by individual company fundamentals. DMWB employs quantitative and qualitative factors in their analysis. Price is a paramount consideration when building portfolios. Quantitative screens are used to determine which companies are industry leaders with strong growth potential. Generally, stocks with an S&P rating of B or better and a Value Line Safety rating of three or above are included. The firm looks for management teams, consistent sales growth, healthy balance sheets and conservative accounting practices. Though not limited by sector, the firm tends to invest in companies in the health technology, finance, electronic technology and consumer non-durables sectors. DMWB maintains a low turnover rate. DMWB then develops a list of companies with low relative price valuation, low p/e multiples, earnings growth above the S&P 500 and strong dividend growth. The firm also considers comparative analysis of overall market statistics on an historical, current and projected basis, as well as projected total return versus fixed-income investments. The final screening process involves qualitative and intuitive determinations. DMWB looks at the credibility and longevity of management, management incentive programs and the company's reputation in its industry. DMWB takes a buy-and-hold approach to bond investments. They emphasize market timing to take advantage of higher interest rates as they occur. Particular attention is paid to yield differentials between various instruments. DMWB's selection of fixed-income securities begins with analysis of the nation's economy. Special attention is given to the outlook for inflation, the amount of excess capacity in the economy and the trend-line growth rate. All of this data is used to anticipate the direction of interest rates. They next evaluate the current supply of fixed-income securities versus demand. The firm looks at the forward calendar for government, corporate and municipal issues. Finally, DMWB determines the market attractiveness of each security by comparing them with the treasury yield curve and purchases securities that have the best relative versus Treasuries.

Delancey Capital Group is a large-cap investment manager that specializes in the selection of high-quality securities for both equity and balanced accounts. They take a relative value approach with a stock universe consisting primarily of companies with market-cap over $3 billion. They invest in high-quality companies with steadily growing earnings and dividends. Their approach to risk is moderate when selecting stocks with relatively low p/e ratios and reasonable current yields. Macroeconomic factors are considered in terms of portfolio sector weighting, but stock selection is primarily determined by individual company fundamentals. Both quantitative and qualitative factors are utilized in their analysis. Price is also a significant consideration. Quantitative screens are used to identify companies that are industry leaders with strong growth potential. Generally, stocks with an S&P rating of 'B' or better and a Value Line Safety rating of three or above are included. Delancey looks for high-quality management, consistent sales growth, healthy balance sheets and conservative accounting practices. A list is then developed of companies with low relative price valuation, low p/e multiple, earnings growth above the S&P 500 and strong dividend growth. Comparative analysis of overall market statistics on an historical, current and projected basis, as well as projected total return versus fixed-income investments, are also considered. The final screening process involves qualitative and intuitive determinants. The firm looks at the credibility and longevity of management, management incentive programs, and a company's reputation among its industry peers. The firm gathers information from government data, business and financial publications, economic consulting services, company seminars, conference calls, personal contacts and Wall Street reports.

Operates as a bank holding company through its subsidiaries provides state commercial banking services

Functions as a College/University

State chartered commercial bank

Operates as a state charted commercial bank

Operates as a bank holding company whose subsidiaries operates state chartered commercial bank