San Mateo, CA (PRWEB) January 9, 2008
The Golub Group (http://www.golubgroup.com), a San Mateo-based investment management firm for high net-worth individuals and institutional clients, today announced that Morningstar has awarded its highest rating, five stars, to the firm's Equity, Equity-Income and Balanced separately managed accounts (SMA).
This highly-coveted rating places Golub Group ahead of 90% of all money management firms tracked by Morningstar in these categories, and is based on 3- and 5-year records for the accounts. These results have been independently verified by performance consulting company, Ashland Partners, LLP. Portfolios from the Golub Group SMA Program are available to Registered Investment Advisors through the Schwab Institutional Marketplace and other platforms.
"As the separately managed account market experiences explosive growth, advisors need objective criteria like Morningstar ratings to identify the best investment choices for their clients," said Golub Group President Colin Higgins. "We are delighted to have earned top recognition from the industry's largest independent research organization and we are committed to providing the best in institutional-class money management service to our investment advisor and wealth manager clients."
The firm's boutique approach to separately managed accounts answers a growing desire of RIAs for more contact with the portfolio decision-makers. "In contrast to the typical separate account managers, The Golub Group has provided our advisors and clients unprecedented access to its portfolio managers," said Rafael Velez, Managing Director of Summit Financial Advisors, an independent wealth manager based in San Mateo, California. "Their exceptional investment performance, world-class service and personal approach is the unique solution our clients demand."
Top Performance in a Growing Marketplace
Golub Group's strong performance takes place at a time of significant growth in the industry. According to the Money Management Institute, investors had $1.5034 trillion in separate account products at the end of the third quarter of 2007, up from $1.2561 trillion at the end of 2006.
A new study by Cogent Research also indicates continued growth for separately managed accounts. The study, Advisor Product Forecast, polled advisors on where they are currently allocating investments under management and where they tend to allocate new money. Products expected to see the most dramatic increase in market share include SMAs and exchange-traded funds (ETFs).
Rigorous Research, Unprecedented Access
The Golub Group SMA Program combines a history of strong performance with unprecedented access to the professionals who are making the investment decisions on all of its funds. The accounts are managed by a team of financial services veterans using the firm's highly-disciplined investment process that seeks to create wealth by managing risk first. "We focus on world-class, large capitalization businesses, pay strict attention to valuation, diversify and exercise patience," said Mr. Higgins.
Founder and CEO Michael Golub leads the 9-member investment management and research team that oversees the separate accounts. Golub Group President Colin Higgins; Portfolio Managers Kurt Hoefer, CFA and Timothy Rich, CFA; Senior Research Analyst John Dowling, CFA; and Ayse Pehlivan, Assistant Portfolio Manager / Research Analyst make up the core team. Consultants Manny Goldman, Kurt Wulff, CFA, and Ralph Block also lend their expertise to the process.
About Summit Financial Advisors
Summit Financial Advisors, LLC is a SEC Registered Investment Adviser providing wealth management services for high net worth individuals. The firm provides a total wealth management approach to financial planning combined with a disciplined asset management program. With offices in San Mateo, California and Portland, Oregon the firm manages over $500 million in assets. For more information, visit http://www.summit-advisors.com.
About The Golub Group
The Golub Group is a leading provider of investment management solutions for high net-worth individuals and institutional clients in Northern California and across the country. Founded in 2003 as a continuation of Mr. Golub's 37-year investment management practice, the firm takes a long-term disciplined approach to investing that seeks growth of capital and minimization of risk through careful management of well-diversified portfolios consisting of high quality assets purchased at attractive valuations. Each portfolio is constructed with the individual's unique objectives in mind. With offices in San Mateo, CA and Pasadena, CA. The Golub Group manages more than $650 million in assets. For more information, visit http://www.golubgroup.com.
For each separate account with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a separate account's monthly performance placing more emphasis on downward variations and rewarding consistent performance. The top 10% of separate accounts in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a separate account is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Golub Group Equity and Golub Group Equity Income composites were rated against the following numbers of U.S.-domiciled Large Blend separate accounts over the following time periods: 256 separate accounts in the last three years, and 226 separate accounts in the last five years. With respect to these Large Blend separate accounts, Golub Group Equity and Golub Group Equity Income received a Morningstar Rating of five stars and five stars for the three- and five-year periods, respectively. Past performance is no guarantee of future results.
© 2007 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Compliance with the GIPS standards has been verified for the period December 1, 2003 through June 30, 2007 by Ashland Partners & Company, LLP. In addition, a performance examination was conducted on the Equity, Equity-Income and Balanced Composites beginning December 1, 2003.