When I worked for other companies, I was told, “Sell the relationship, not the returns.” But the fact is, the very reason any of us invest is because we WANT returns. And by the way, we do have long-term relationships with many of our clients.
They’re based on our untiring efforts to achieve superior results (and of course, our great service).
I was an undergrad math major, and I trust math. I use my knowledge of it to help create wealth.
ACTUAL RETURNS FOR ADAMS FINANCIAL CONCEPTS MANAGED ACCOUNTS
While Mike Adams has been managing client accounts for over 30 years, he launched Adams Financial Concepts in January 2005 as an Investment Advisor through Mid-Atlantic Capital Inc. In May 2005 Adams Financial Concepts became a Registered Investment Advisor. So actual returns shown below are just for those eleven years. Results achieved prior to that cannot be verified since he was employed by Wachovia and Dain Rauscher.
$100,000 in the composite has grown to $341,164 net of all fees and costs taking a significant dip in the Great Recession but recovering and going on to new highs. . This is the composite average for all accounts. Studies have shown top performing funds will at times trail their benchmark but often then catch up and surpass. (RW Baird, FundX).
Since the bottom in 2009 through 6/30/2018 the AFC composite of all accounts has grown at 17.1% annually net of all fees compared to 10.3% for the S&P 500. In dollar terms, $100,000 grew to $438,000 versus $100,000 growing to $248,000 in the S&P 500. Past performance is no guarantee of future performance. Check AFC blogs to view Adams’ outlook going forward.
- Adams Financial Concepts (AFC) Managed Accounts results are net of all fees and expenses. The results are net, net, net.
- AFC Managed Accounts returns include all active accounts as well as all closed accounts with the same objective: to beat the S&P 500 over the longer-term (10 years).
- AFC Managed Accounts information in the charts and tables does not include AFC balanced accounts or AFC fixed income accounts which have performance objectives (or benchmarks) different from.the growth accounts.
- The objective for all AFC Managed Accounts in these tabulations have a common objective: “Beat the S&P 500 over the longer-term (10 years).
- AFC Managed Accounts are concentrated in 8 to 12 securities as opposed to the S&P 500 which is a diversified index. (For further discussion see AFC Investment Philosophy).
- AFC Managed Accounts include capital gains and losses, both realized and unrealized, but do not include the impact of taxes on capital gains.
- AFC Managed Accounts tend to have greater volatility than the S&P 500 Index.
- Minimum Account Size as of 1/1/2008 is $100,000; Prior to 1/1/2008, the minimum account size was $50,000. Several long-term clients of A Michael Adams were allowed to join the Custom Portfolio Wrap program even with less than $50,000 during 2005 and 2006.
- Past performance is no guarantee of future returns.
- S&P 500 Index includes dividends reinvested.
- This summary does not constitute an offer to sell or a solicitation of an offer to buy any securities or to enter into any investment advisory relationship and may not be relied upon in connection with any offer or sale of securities.
- “Luck versus Skill in the Cross-Section of Mutual Fund Returns” published in The Journal of Finance, October 2010 by Eugene Fama and Kenneth French, "