Client Login ContactCall Us: 855.439.0665

INVESTING WITH YOUR INTERESTS FIRST

An investment advisory firm with a fiduciary promise to our clients. Our independence allows us to be fully transparent.

Owl-150

INVESTMENT PHILOSOPHY

Computer-150

HOW WE INVEST

Spreadsheet-150

FINANCIAL BLUEPRINT

Owl-150

Investment Philosophy

We are Value Investors. We seek to purchase businesses trading at a discount to intrinsic value. This is a time tested approach set forth originally by Benjamin Graham and implemented by others such as Warren Buffett.

We don’t follow the herd. As contrarian minded investors, we are attracted to companies we believe are temporarily priced at a discount because they have fallen out of favor with Wall Street and the investing public.

Our mindset is one of a business owner. We look for our investments to appreciate over time and provide steady dividends and cash flow along the way.

Computer-150

How We invest

Focused: concentrating on our best ideas
Patient: being investors, not traders
Opportunistic: having no mandate to remain fully invested
Fundamental Approach: looking for high quality and strong balance sheets
Go Anywhere: investing across all sectors, geographies and market caps
Individual Securities:
owning businesses, not investment products
Absolute Value: seeking genuine bargains
Cash Flow: selecting businesses that pay sustainable dividends
Rising Income Streams: preferring businesses with a history of increasing dividends
Fiduciary Responsibility: putting our clients’ interests first
Tax Efficient: minimizing the impact of taxes through our investment strategy

Spreadsheet-150

financial blueprint

• When can I retire?
• Do we have enough to retire now?
• Now that we are retired, will we outlive our money?
• Does my current portfolio meet my objectives?
• How should I invest?

Most families come to us with these questions. At CORDA, you will work with a team that specializes in answering them and receive a blueprint for retirement.

FAQ-150

frequently asked questions

How long have you been in business?

CORDA was established in 1999.

Does CORDA customize client portfolios?

CORDA takes a thorough approach to understanding your needs and objectives.  We can customize our offering based on your situation. Every client has different goals and priorities. Sometimes the need is for retirement income; other times it may be for college education expenses or philanthropic gifting. Whatever the need, we take the time to get to know you so that we can build a portfolio that is right for you and your family.

What geographic area does CORDA serve?

We serve families all over the country.

Does CORDA do its own research?

Yes. We do our own independent research, free from the noise of Wall Street and investment banks.

Have you been rated or ranked by any outside third party?

Yes. CORDA was recently named to Barron’s Top 1,200 Financial Advisors List for 2015.

Is CORDA a Registered Investment Advisor?

Yes. CORDA is registered with the Securities and Exchange Commission. As an RIA, we adhere to the fiduciary standard of care set by the SEC which requires us to act in our clients’ best interests. Broker-dealers are only required to recommend suitable investments.

What are CORDA’s management fees?

Our fee is 1% annually on the first $2 million, .75% on the next $3 million, and .50% over $5 million.  Please see our ADV.

Does CORDA use outside custodians to house client accounts?

Yes. We use independent, third-party custodians to provide full transparency to our clients. These custodians also provide online access, monthly statements and year-end reporting. You can have peace of mind that your money is safe.

Does CORDA use investment products (e.g., annuities, mutual funds, insurance)?

CORDA does not sell products. We prefer to use individual stocks and/or bonds to build a portfolio. On occasion, we will use other securities, such as Exchange Traded Funds, for smaller accounts or for additional diversification.

Does CORDA only invest in individual stocks?

A client portfolio will generally consist of individual stocks. However, when the fixed income market looks attractive, a client portfolio may also have exposure to individual bonds.

How many individual stocks are typically in a portfolio?

A client portfolio will generally consist of 25-30 individual businesses.

What is the average dividend yield you look for in an investment?

As we build a client portfolio, we strive to be 2 – 2.5 times the dividend of the S&P 500. We prefer to own businesses which pay between a 3% – 6% dividend yield in today’s market environment. The sustainability and ability to grow the dividend over time are two factors we strongly consider when making an investment.

(Please note that dividends are not guaranteed and may fluctuate.)

Why are dividends so important?

Whether you are searching for growth or income, dividends are important because they have accounted for over 40% of the market’s total return since the 1920’s. 

How often does CORDA make trades in a typical client portfolio?

Trading for trading’s sake is kept to a minimum here at CORDA. We take a long-term view, ideally holding a business for a few years, reaping the dividends along the way. If the shares were purchased appropriately, capital appreciation will follow. We are active and vigilant, monitoring our holdings daily, but not flipping securities in the short-term.

What does CORDA do in terms of risk management?

We mitigate risk primarily at the time of purchase. We attempt to buy at a discount as opposed to chasing shares and paying a premium. As value investors, we seek out-of-favor and temporarily mispriced securities that have already declined in price. If our timing is correct, some of the price risk is taken out of the equation.  We also control the amount and/or the percentage of a portfolio invested in any one specific holding. If something goes wrong for one of the businesses, the overall downside risk to the whole portfolio is limited. There are numerous ways to hedge a portfolio. As conditions have warranted, we have utilized a variety of securities and tools that allow us to increase protection against downside risk.

Is your strategy tax efficient?

Yes. We are long-term investors; generally, our ownership in a company will last for years, not months or days. We want to drive results over time by owning businesses that pay dividends and, in most cases, have a history of raising those dividends. Both long-term capital gains and dividend income are taxed at a lower rate than ordinary income.

Where can I get a copy of your Form ADV Part 2A Disclosure Brochure?

You can view and download it here: Form ADV Part 2A Disclosure Brochure

Does CORDA offer estate planning?

We partner with a number of seasoned professionals.