23 Jan Quarterly Letter to Clients – December 2019
Thank you for the warm communications we have been receiving during the firm’s 50th anniversary. We have been enjoying reflecting on the journey and celebrating with each of you.
As with many milestones in life, it’s hard to believe how quickly they arrive. In our case, believing it’s really been five decades is only possible when we consider the incredible and long-lasting relationships we have enjoyed over the years.
Yes, much has changed since 1969, including our offices. Our first, three-person office on Centre Avenue, our “barn” on Route 183, and the IBM building on Berkshire Boulevard all have a sentimental place in our hearts. With a degree of bewilderment we recall some of the early “tools of the trade,” such as the modem-based, ticker-tape-style quote machines, delivering single quotes at a time or the early data dishes on our roof that required clearing of snow in winter.
Clearly, the technology and communication revolution which altered and benefited most businesses over the last 30 years has greatly and positively impacted ours. Our ability to gather information, analyze data and ultimately serve you as clients has been transformed.
Today, our team of 19 employees is proud to serve over 600 clients across 41 states (as of December 31, 2019), with assets under management in excess of $925 million. Our early work in both small company research and option publishing has blossomed into active management of a variety of investment strategies to meet client needs. Our national presence through our core covered call option strategy has been expanded into new iterations of option based work, including the broader use of underlying ETF instruments. Additionally, our early research work on small company stocks has been expanded into the microcap space.
Unchanged by time, however, is the firm’s single, greatest aim: to work with you to understand and define your financial goals and then implement a successful plan to protect and grow your assets.
Our founder Jim Connors’ humble but profound vision of creating and growing an approachable, high-service investment advisory firm with unique, value-added solutions is alive and well. Jim’s example and message have been clear to all those who have journeyed with him: always put client interests first, take care of each other as co-workers and give back substantially to community.
We thought you might enjoy reading our Mission Statement and the biographies of our professional team, who have an average tenure of 17 years with the firm. We are proud of our management team, who have 373 years of combined experience working in the financial sector.
Our team is committed to retaining our core values while we seek ways to enhance our levels of service and innovation in our delivery to you.
Please accept our thanks during this reflective year, for it is the relationships that come with our efforts which bring the most joy to us.
We know our greatest blessing is you, our valued and loyal client. Thank you, again.
Peter J. Connors, CFA
Important Disclosure Information
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Connors Investor Services, Inc. (“Connors”), or any non-investment related content, made reference to directly or indirectly in this commentary will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this commentary serves as the receipt of, or as a substitute for, personalized investment advice from Connors. Please remember to contact Connors, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. Connors is neither a law firm, nor a certified public accounting firm, and no portion of the commentary content should be construed as legal or accounting advice. A copy of the Connors’s current written disclosure Brochure discussing our advisory services and fees continues to remain available upon request .Historical performance results for investment indices, benchmarks, and/or categories have been provided for general informational/comparison purposes only, and generally do not reflect the deduction of transaction and/or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results. It should not be assumed that your Connors account holdings correspond directly to any comparative indices or categories. Please Also Note: (1) performance results do not reflect the impact of taxes; (2) comparative benchmarks/indices may be more or less volatile than your Connors accounts; and, (3) a description of each comparative benchmark/index is available upon request.