Pacific Capital Associates, the investment advisory firm of which I am
co-owner, has just completed the independent
verification of our investment performance through 2010. The
chart below indicates returns for our average discretionary managed
portfolio since mid-2004, when we first got the ability to start
tracking these numbers in a verifiable manner:
The thing that I am most pleased about with the 2010 performance is not
the fact that we slightly outperformed the market (as measured by the
S&P500) for the year, but that we did so while taking substantially
less risk (notably, the average client account was down less than half
as much as the market during the big Q2 correction). More numbers
and statistics, as well as loads of fun disclosures, can be found in
our official investment track record.
More background on the above chart or the firm can be found in the post
imaginatively titled My Day
Job.
Things I am obliged to mention:
– Returns include reinvestment of all income.
– Past performance is not indicative of future results.
– Investment advisory services and securities offered through Girard
Securities, Inc., member SIPC/FINRA.