ECM Investment Management
Disclosures:
ECM Investment Management, Inc. (“ECM”) is a registered investment adviser with the Securities and Exchange Commission and is notice filed in its home state and various other states. ECM may only transact business or render personalized investment advice in those states and international jurisdictions where we are notice filed or otherwise exempt from registration requirements. This web site is for the dissemination of general information on our service offerings only. Any communications with prospective clients residing in states or international jurisdictions where ECM and its advisory affiliates are not registered or licensed shall be limited so as not to trigger registration or licensing requirements.
Composite Descriptions:
Focus Growth Equity Composite: contains fully discretionary equity accounts, and takes advantage of shorter-term potential trading opportunities. Balanced Value Composite: contains fully discretionary accounts that hold both equity and fixed-income instruments and have a minimum account size of $1.5 million for inclusion into the composite in any given quarter.
Performance Disclosures:
ECM Investment Management, Inc. claims compliance with the Global Investment Performance Standards (GIPS). ECM’s compliance with the GIPS standards has been verified for the period January 1, 2003 through December 31, 2009 by Ashland Partners & Company LLP. In addition, a performance examination was conducted on both the Focus Growth composite beginning January 1, 2003 and the Balanced Value composite beginning January 1, 2004. The performance results displayed herein represent the investment performance record for accounts managed by portfolio managers of ECM Investment Management, Inc. (“ECM”), a registered investment adviser under the Investment Advisers Act of 1940. The U.S. dollar is the currency used to express performance. Composite returns reflect the reinvestment of dividends and other earnings and the deduction of actual investment advisory fees charged to the client's accounts, are net of all transaction costs, custodian, and other fees. Past performance is no guarantee of future results. Results will vary among client accounts. ECM advisory fees are described in Part II of its Form ADV and are disclosed in each client’s investment management agreement with ECM. A fee schedule is available upon request. This composite does include some non-fee paying accounts. ECM can be contacted for a complete list and description of ECM’s composites and/or a presentation that adheres to the GIPS standards. Five Year performance is for period 1/1/2005 through 12/31/2009. Six Year performance is for period 1/1/2004 through 12/31/2009. Seven Year performance is for period 1/1/2003 through 12/31/2009.
Comparisons: Any presented individual stock data is obtained from the Total Return Analysis as reported from Bloomberg on a yearly basis, and includes the reinvestment of gross dividends. These selected equities are among the largest publicly traded companies, as reported by Morningstar, as of 12/31/08, and are shown for comparison purposes only as they are commonly known by many investors. Any mutual fund data is obtained from the Total Return Analysis as reported from Bloomberg on a yearly basis, and includes the reinvestment of gross dividends. These selected funds are among the largest mutual funds, as reported by Morningstar, as of 12/31/08, and are shown for comparison purposes only, and are commonly known by many investors. The S&P 500 is a market free float-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The Russell 1000 Index measures the performance of 1000 companies within the U.S. equity universe. The Russell 1000 Index is constructed to provide a comprehensive and unbiased barometer for the overall market. This index is completely reconstituted annually to ensure new equities are included and that the represented companies continue to reflect the objectives of the Index. The Dow Jones Index is a dollar-weighted index consisting of 30 companies. The S&P 500, Russell 1000, and Dow Jones indices are calculated on a total return basis with dividends reinvested and are not available for direct investment.
Focus Growth Annual Disclosures
Balanced Value Annual Disclosures
