After 53 years in the business, Fred Fern of Churchill Management reaches #1!
Aug 31, 2016, 02:13 ET
LOS ANGELES, Aug. 31, 2016 /PRNewswire/ -- Churchill Management's founder and CEO, Fred Fern, was just ranked #1 on Barron's Top 100 Independent Investment Advisors* list over the weekend. He has been ranked in the top 10 for the past 6 consecutive years!
Mr. Fern founded Churchill 53 years ago over a card table and a couple of chairs and is amazed to see the firm grow to $3.9 billion under management. "I can't tell you how blessed I feel," Mr. Fern said.
Mr. Fern attributes the firm's success to having an outstanding team and to Churchill's unique investment approach. The firm blends both Fully Invested and Tactical equity strategies tailored to a client's unique goals, typically including preservation of capital. For example, the firm largely avoided the pain of the 2008 bear market within its Tactical strategies. "Churchill's foundation has always been to attempt to make money and keep it," Mr. Fern explained. "In these volatile times, our clients seem to really appreciate having a defensive option."
Mr. Fern believes that markets are always moving in cycles. "In our chartroom we track the market and its cycles on a daily basis back to 1921. It has guided us in making our investment decisions," he noted. "It has assisted in highlighting how the market goes through high risk and low risk environments."
Churchill has offices across the US that help service its clients. "This is a relationship business," Mr. Fern expressed. "I have always felt that communication is of the utmost importance when managing people's money."
* The Barron's ranking is for Fred Fern of Churchill Management Group ("CMG"). The rating may not be representative of any one client's experience because the rating reflects a quantitative and qualitative analysis of factors that may include only a sample of the experience of CMG's clients. The rating is not indicative of future performance. CMG did not pay a fee to participate in the Rankings, but did purchase reprints of the Barron's article.
According to Barron's: The formula Barron's uses to rank advisors is proprietary. The rankings are based on data provided by individual advisors and their firms. Advisor data is confirmed via regulatory databases, cross-checks with securities firms and conversations with individual advisors. The formula Barron's uses to rank advisors is proprietary. It has three major components: assets managed, revenue produced and quality of practice. Investment returns are not a component of the rankings because an advisor's returns are dictated largely by the risk tolerance of clients. The quality-of-practice component includes an evaluation of each advisor's regulatory record.
Photo - http://photos.prnewswire.com/prnh/20160831/403110
SOURCE Churchill Management Group