This document discusses various investment strategies including active and passive investing. It notes that most active managers underperform their benchmarks over time. It also discusses the benefits of asset class investing over index investing, including lower costs, improved tax efficiency, increased diversification, better risk exposure, and potentially better long-term performance. Charts show that a diversified portfolio following an asset class approach outperformed the S&P 500 since 2000 and was less volatile, and held up better in the face of withdrawals.
This seminar\'s original version became part of the template for Prudential Securities coordinated marketing programs. Participating brokers saw an increase in business that was three times the firm average.
John J. Cortale Presents - Don't Let Media Headlines Cripple Your FutureJohn Cortale
John J. Cortale Presents - See beyond today’s worrisome headlines, take advantage of future trends, and put long-term investment strategies to work for you
This seminar\'s original version became part of the template for Prudential Securities coordinated marketing programs. Participating brokers saw an increase in business that was three times the firm average.
John J. Cortale Presents - Don't Let Media Headlines Cripple Your FutureJohn Cortale
John J. Cortale Presents - See beyond today’s worrisome headlines, take advantage of future trends, and put long-term investment strategies to work for you
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
Information to help you and your family manage your inheritance questions, plan your retirement and ensure you have sustainable cash flow to see you through your twilight years.
this document explains how the Weighted Average Cost of Capital (WACC) is calculated and how it impacts pricing. Pressure must be placed on government utilities to reduce the WACC's used in ther determination of required revenues and consumer pricing
10 Key principals of using evidence investing to improve your odds of success in reaching your goals. This includes embracing the market and using diversification.
The Cogent Advisor, and independent wealth manager in Chicago helping successful professionals simplify their complex financial lives and reach their goals. 312-382-8388. www.thecogentadvisor.com.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
Information to help you and your family manage your inheritance questions, plan your retirement and ensure you have sustainable cash flow to see you through your twilight years.
this document explains how the Weighted Average Cost of Capital (WACC) is calculated and how it impacts pricing. Pressure must be placed on government utilities to reduce the WACC's used in ther determination of required revenues and consumer pricing
10 Key principals of using evidence investing to improve your odds of success in reaching your goals. This includes embracing the market and using diversification.
The Cogent Advisor, and independent wealth manager in Chicago helping successful professionals simplify their complex financial lives and reach their goals. 312-382-8388. www.thecogentadvisor.com.
The article discusses an alternative approach to experiencing the costs of index reconstitution, called “Asset Classes,” which allow the fund manager broader leeway as to when to buy or sell, along with a broader range of holdings. This discussion begins in the section called “Decision Two: Indexing or Asset Class Investing?”
The Asset Class approach, also referred to by others as "Factor Investing," is based on what has become to be called “Evidence Based Investing” due to roots discussed in the linked "Factor Investing" article, that come from academic (peer reviewed and repeatable results) foundation that continues to this day.
My blog post discussing this article is scheduled to post 8 Feb 2017 http://wp.me/p2Oizj-Hh
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
4. Financial Planning Software
For illustrative purposes only. Past performance does not guarantee future results and there is no guarantee that the strategies set forth in this presentation will achieve their intended objectives.
Based on historical market index return data and realistic expectations
5. Historical Long-Term Rate of Return
Past performance does not guarantee future results. See appendix for additional information.
6-11%
7. You Have Two Choices
Diversification neither assures a profit nor guarantees against loss in a declining market.
Active
Stock Picking
Market Timing
Passive
Diversified group of securities
Tax efficiency
8. Poor Track Record for Active Managers
Source: Standard & Poor’s Indices Versus Active Funds Scorecard (SPIVA) 2019. Index used for comparison: U.S. Stocks — S&P 1500 Index; Emerging Stocks — S&P/IFCI Composite; International Stocks—
S&P 700 Index; Short-Term U.S. Gov’t Bonds — Barclays US Government (1-3 Year), Global Bonds — Barclays Global Aggregate. Outperformance is based upon equal weight fund counts. Index returns do
not include payment of any sales charges or fees an investor would pay to purchase the securities they represent. Such costs would lower performance. Past performance is not an indication of future
results. More recent performance may alter these assessments or outcomes.
Percentage of Active Funds that Outperformed Their Index 2009 - 2018
U.S.
Stocks
Emerging
Stocks
International
Stocks
Short-Term U.S.
Gov’t Bonds
Global
Bonds
0%
20%
40%
60%
80%
100%
16% 12%
19%
32%
53%
9. You Have Two Choices
Active
Stock Picking
Market Timing
Passive
Diversified group of securities
Tax efficiency
Diversification neither assures a profit nor guarantees against loss in a declining market.
11. You Have Two More Choices
Index investing targets a specific set of securities at specific weights as designated by an index provider, with the risks associated with that particular part of the market. Asset class investing targets a specific part of the
market by maintaining consistent exposure to securities which fit the targeted characteristics but are not beholden to a specific list of securities provided by an index provider, with risks associated with that particular
part of the market.
Passive
Index Asset Class
Diversified group of securities
Tax efficiency
Diversified group of securities
Tax efficiency
Diversified group of securities
Tax efficiency
Precision
13. You Have Two More Choices
Index investing targets a specific set of securities at specific weights as designated by an index provider, with the risks associated with that particular part of the market. Asset class investing targets a specific part of the
market by maintaining consistent exposure to securities which fit the targeted characteristics but are not beholden to a specific list of securities provided by an index provider, with risks associated with that particular
part of the market.
Passive
Index
Diversified group of securities
Tax efficiency
Asset Class
Diversified group of securities
Tax efficiency
Precision
Diversified group of securities
Tax efficiency
Precision
Flexibility
15. Asset Class
Diversified group of securities
Tax efficiency
Precision
Flexibility
Diversified group of securities
Tax efficiency
Precision
Flexibility
Factors of return
You Have Two More Choices
Index investing targets a specific set of securities at specific weights as designated by an index provider, with the risks associated with that particular part of the market. Asset class investing targets a specific part of the
market by maintaining consistent exposure to securities which fit the targeted characteristics but are not beholden to a specific list of securities provided by an index provider, with risks associated with that particular
part of the market.
Passive
Index
Diversified group of securities
Tax efficiency
17. Are All Passive the Same?
Diversification Tax Efficiency Precision Flexibility Factors of Return
18. THERE MAY BE A
BETTER ALTERNATIVE
TO INDEX RETURNS
19. Asset Class Fund Returns
Annualized Returns % 2009 – 2018. See slides 27-29 for complete data.
Performance data shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance shown. The indices are not available for direct investment; therefore, their performance
does not reflect the expenses associated with the management of an actual portfolio. See “Appendix: Standardized Performance Data & Disclosures” to obtain complete information on performance, investment objectives, risks, advisory fees, and
expenses of Dimensional’s funds. Sources: Dimensional Fund Advisors for Dimensional funds; Mutual fund universe statistical data provided by Morningstar, Inc.; MSCI data copyright MSCI 2019, all rights reserved.
U.S.
Large Cap
U.S.
Large Value
U.S.
Small Cap
5-Year
Global Fixed
International
Large Value
0%
2%
4%
6%
8%
10%
Benchmark
Morningstar Category
Dimensional Funds
12%
14% 13.19
11.43
13.18 13.17
10.45 11.18
13.39
11.35
11.97
2.80
3.41
1.69
6.11
5.19
5.69
20. Asset Class Investing Can Offer
1. Lower overall costs
2. Improved tax efficiency
3. Increased diversification
4. Better risk exposure to an asset class
5. Potentially better long-term performance
21. 2%
65/35 Portfolio
17%
16%
15%
12%
14%
5%
4%
8%
7%
Two Portfolios…
100% S&P 500 Index
Cash & Cash Alternatives
Global Fixed Income
Short-Term Fixed Income 1-3 Years
U.S. Market
U.S. Large Value
U.S. Small Neutral
International Large Value
International Small Neutral
Emerging Markets
REITs
22. Let’s Look at What Happened Since 2000…
Source: Morningstar Direct 2019. Allocation is 100% S&P 500 TR, and 65/35 Mix represented by: 2% (Cash), 16% (DFA One Year Fixed Income DFIHX), 17% (DFA 5 Year Global DFGBX), 15% (DFA US Core
Equity 1 DFEOX), 12% (DFA US Large Cap Value DFLVX), 8% (DFA US Small Cap DFSTX), 4% (DFA REIT DFREX), 14% (DFA Intl Value DFIVX), 7% (DFA Intl Small Cap DFISX), 5% (DFA Emerging Markets Value
DFEVX). Allocation mix return is the weighted average return of the respective funds, rebalanced annually. The performance data quoted represents past performance. Past performance does not
guarantee future results and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Index performance does not reflect the expenses
associated with the management of an actual portfolio. Portfolio performance does not reflect the deduction of any fees charged by an independent investment advisor or other service provider to an
individual account. Such fees, if taken into consideration, will reduce the performance quoted above.
*Standard Deviation is a statistical measurement that sheds light on historical volatility.
Allocation Annualized Return (2000-2018) Standard Deviation* (2000 – 2018)
S&P 500 Index 4.86% 17.65%
65/35 Allocation Mix 4.92% 12.74%
23. $0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
65/35
S&P 500
$237,239
PortfolioValue
$0
$627,922
Impact of a 5% Withdrawal
Source: Morningstar Direct 2019. Hypothetical value of $500000 invested on January 1, 2000 and kept invested through December 31, 2018. Withdraw is 5% of initial hypothetical value ($25,000 of initial
$500,000 starting value) taken out at start of each year, growing by 3% per year. Allocation is 100% S&P 500 TR, and 65/35 Mix represented by: 2% (Cash), 16% (DFA One Year Fixed Income DFIHX), 17%
(DFA 5 Year Global DFGBX), 15% (DFA US Core Equity 1 DFEOX), 12% (DFA US Large Cap Value DFLVX), 8% (DFA US Small Cap DFSTX), 4% (DFA REIT DFREX), 14% (DFA Intl Value DFIVX), 7% (DFA Intl Small Cap
DFISX), 5% (DFA Emerging Markets Value DFEVX). The performance data quoted represents past performance. Past performance does not guarantee future results and principal value will fluctuate so that
an investor's shares, when redeemed, may be worth more or less than their original cost. Indexes are unmanaged baskets of securities that are not available for direct investment by investors. Index
performance does not reflect the expenses associated with the management of an actual portfolio. Portfolio returns are the weighted average returns of the respective funds, rebalanced annually. Actual
rebalancing may be different. The portfolio allocations are based on a Loring Ward model portfolio, which may not be suitable for all investors. It may not reflect the impact material economic and market
factors might have had on decision making if clients’ money were actually being managed at that time. The performance quoted reflects the reinvestment of dividends and capital gains distributions.
Portfolio performance does not reflect the deduction of any fees charged by an independent investment advisor or other service provider to an individual account. Such fees, if taken into consideration,
will reduce the performance quoted above.
27. Standardized Performance Data and Disclosures
U.S. Large Cap: DFA US Core Equity 1, US Fund Large Blend, Russell 3000 USD Index. U.S. Large Value: DFA US Large Cap
Value, US OE Large Value, Russell 1000 Value Index. U.S. Small: DFA US Small Cap, US Fund Small Blend, Russell 2000 Index.
5-Year Global Fixed: DFA Five-Year Global Fixed-Income, US Fund World Bond, Citigroup World Government Bond Index 1-5
Years (hedged). International Large Value: DFA International Value, US Fund Foreign Large Value, MSCI World ex US Value Index
Morningstar categories are based on Morningstar’s methodology which classifies funds based on their investment styles,
market capitalization and asset mix as measured by their underlying portfolio holdings over the past three years.
Dimensional Fund Advisors is an investment advisor registered with the Securities and Exchange Commission and is
unaffiliated with BAM Advisor Services LLC d/b/a Loring Ward. Consider the investment objectives, risks, charges and
expenses of the funds listed carefully before investing. The prospectus and if available, summary prospectus, contain this
and other information about the funds. To obtain a DFA Funds prospectus, summary prospectus, additional information
about the DFA Funds, or performance data current to the most recent month-end, please call Dimensional Fund Advisors
collect at 512-306-7400; or visit www.dimensional.com. Please read the prospectus and summary prospectus carefully
before investing.
28. Standardized Performance Data and Disclosures
Name
Prospectus Gross
Expense Ratio (%)
3-Month
Return (%)
1-Year
Return (%)
5-Year
Return (%)
10-Year
Return (%)
Total Ret
Inception
(Qtr-End) (%)
Inception Date
ICE BofAML 1-3Y US Corp&Govt TR USD 1.17 1.63 1.04 1.56 4.71 6/30/86
FTSE WGBI 1-5 Yr Hdg USD 1.53 2.12 1.53 1.69 5.27 12/31/84
DFA Emerging Markets Value I 0.54 -7.17 -11.93 1.85 8.19 9.59 4/1/98
DFA Five-Year Global Fixed-Income I 0.27 1.24 1.68 1.95 2.80 5.11 11/6/90
DFA International Small Company I 0.53 -16.54 -19.42 1.96 9.53 6.31 9/30/96
DFA International Value I 0.43 -14.63 -17.49 -0.35 6.11 5.67 2/15/94
DFA One-Year Fixed-Income I 0.17 0.78 1.87 0.84 0.92 4.54 7/25/83
DFA Real Estate Securities I 0.18 -5.15 -2.99 8.51 12.41 9.55 1/5/93
DFA US Core Equity 1 I 0.19 -15.94 -7.79 6.89 13.19 7.65 9/15/05
DFA US Large Cap Value I 0.27 -14.72 -11.65 5.83 13.17 9.60 2/19/93
DFA US Small Cap I 0.37 -20.15 -13.13 3.87 13.39 9.79 3/19/92
DJ US Select REIT TR USD -6.61 -4.22 7.89 12.05 8.71 12/31/86
Loring Ward Global Moderate DFA 0.30 -9.47 -8.11 2.49 7.08 5.87 10/1/96
MSCI EM Value NR USD -6.75 -10.74 0.51 6.99 9.36 12/29/00
MSCI World Ex USA Small Cap NR USD -16.16 -18.07 2.25 10.06 7.41 12/29/00
29. Standardized Performance Data and Disclosures
Data as of 12/31/18
The performance data quoted represents past performance. Past performance does not guarantee future results and principal value will fluctuate so that an investor's shares, when redeemed, may be
worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. All Investing involves risks, including the loss of principal.
Portfolio returns are the weighted average returns of the respective funds, rebalanced annually. Actual rebalancing may be different. The portfolio allocations are based on a Loring Ward model portfolio,
which may not be suitable for all investors. It may not reflect the impact material economic and market factors might have had on decision making if clients’ money were actually being managed at that
time. The performance quoted reflects the reinvestment of dividends and capital gains distributions. Portfolio returns are after fund’s internal expenses and Loring Ward’s max investment management fee
of 0.90% through April 1, 2017, 0.65% thereafter. Management fee may be lower depending on the assets under management. Portfolio performance does not reflect the deduction of any fees charged by
an independent investment advisor or other service provider to an individual account. Such fees, if taken into consideration, will reduce the performance quoted above. The model performance
information reflects various allocation changes made over time. Therefore the underlying mutual funds used in calculating the portfolio performance may not represent the trailing returns of portfolios
and/or the mutual funds currently available.
Name
3-Month
Return (%)
1-Year
Return (%)
5-Year
Return (%)
10-Year
Return (%)
Total Ret Inception
(Qtr-End) (%)
Inception Date
MSCI World Ex USA Value NR USD -12.05 -15.06 -0.73 5.69 10.47 12/31/74
Russell 1000 Value TR USD -11.72 -8.27 5.95 11.18 11.66 12/31/78
Russell 2000 TR USD -20.20 -11.01 4.41 11.97 11.09 12/31/78
Russell 3000 TR USD -14.30 -5.24 7.91 13.18 11.48 12/31/78
S&P 500 TR USD(1936) -13.52 -4.38 8.49 13.12 10.36 3/31/36
US Fund Foreign Large Value -12.36 -15.38 -0.63 5.19 8.13 6/1/81
US Fund Large Blend -13.54 -6.24 6.28 11.43 8.61 7/1/24
US Fund Large Value -12.51 -8.60 5.13 10.45 9.14 5/1/31
US Fund Small Blend -19.39 -12.73 3.06 11.35 8.27 6/1/56
US Fund World Bond 0.28 -1.41 1.29 3.41 7.36 2/1/81
30. Data Appendix
Poor Track Record for Active Managers
Percentage of Active Funds that Outperformed their Index 2009 – 2018
Source: Standard & Poor’s Indices Versus Active Funds Scorecard (SPIVA), 2019.
Index used for comparison: U.S. Stocks — The S&P 1500 Index: The S&P Composite 1500® combines three leading indices, the S&P 500®, the S&P MidCap 400®,
and the S&P SmallCap 600® to cover approximately 90% of the U.S. market capitalization. It is designed for investors seeking to replicate the performance of the
U.S. equity market or benchmark against a representative universe of tradable stocks. Emerging Stocks — The S&P/IFCI Composite Index: The S&P/IFCI is a liquid and
investable subset of the S&P Emerging BMI, with the addition of South Korea. While the S&P Global BMI and S&P Frontier BMI are designed as comprehensive
benchmark indices, the S&P/IFCI indices are designed to be sufficiently investable to support index tracking portfolios. The S&P/IFCI has a long and established
history going back to 1988. International Stocks— The S&P 700 Index: The S&P 700 measures the non-U.S. component of the global equity market through an index
that is designed to be highly liquid and efficient to replicate. The index covers all regions included in the S&P Global 1200 except for the U.S., which is represented by
the S&P 500®. U.S. Bonds — Government Short, Barclays 1-3 Year Treasury Bond Index: The index measures the performance of U.S. Treasury securities that have a
remaining maturity of at least one year and less than three years. Global Bonds — Global Income Funds, Barclays Global Aggregate Index: The Barclays Global
Aggregate Index is a flagship measure of global investment-grade debt from twenty-four different local currency markets. This multi-currency benchmark includes
fixed-rate treasury, government-related, corporate and securitized bonds from both developed and emerging markets issuers.
Outperformance is based upon equal weight fund counts.
31. The principals of Capital Associates Wealth Management, as individual financial advisers with Eagle Strategies LLC, a Registered Investment Adviser, offer their clients the services
of Loring Ward, third party money manager available on Eagle Strategies Investment Management platform. Capital Associates Wealth Management, Eagle Strategies and Loring
Ward are independently owned and operated.
LWI Financial Inc. (“Loring Ward”) is an investment adviser registered with the Securities and Exchange Commission. Securities transactions are offered through its affiliate, Loring
Ward Securities Inc., member FINRA/SIPC.
B 16-020 (4/18)
Capital Associates
6901 Rockledge Drive, Suite 500
Bethesda, Maryland 20817
(301) 581.4108
info@capitalassoc.net
Rob Ugiansky
robert@capitalassoc.net
(800) 601.5281
Mitchell Katz
mkatz@capitalassoc.net
(800) 601.5281
http://www.capitalassoc.net