Z. Andrew Yarumian

SCM employs an active value equity investment approach to invest in common stocks of companies with different market capitalizations, and which they believe are undervalued. The firm offers advice on exchange-listed securities, securities traded over the counter, foreign issuers, corporate debt securities, mutual fund shares, US government securities, options contracts on securities, options contracts on commodities, futures contracts on tangibles, futures contracts on intangibles and EFTs. They engage in fundamental securities analysis focused on value discipline and employ strategies including long-term and short-term purchases, short-term trading, short sales, margin transactions and option writing.

Morse Williams & Co.'s (MWC) investment approach is based on both top-down and bottom-up methodologies. At weekly investment policy meetings, the principals review the overall investment, economic and political climate and discuss equity and fixed-income investments. From a universe of 3,000 stocks, proprietary algorithms are used to develop percentile rankings of company's forward expected returns. Each month the top percentile securities are reviewed for potential investment and the lower rankings are evaluated to determine whether they should be sold. Companies are analyzed with the objective of identifying earnings growth, vigorous new product activity, financial strength and management ability and incentives. MWC has a 12 to 18 month time horizon or longer. They tend to select stocks with above average growth characteristics with at or below market risk. Though not limited by sector, MWC tends to invest in the stocks of companies in the electronic technology, health technology, technology services and producer manufacturing sectors. The firm invests mainly in US mid-cap and large-cap stocks. MWC maintains a low turnover rate.

Provides life insurance products and services

Functions as a College/University