Providing a full range of fee based wealth management services

Seeking consistent returns through reduced risk.  A proactive rather than reactive approach.

• ABL offers personalized investment services for investors seeking low cost, fee based independent advice and analysis
• Our investment advisory services are disciplined, risk adverse and sometimes considered contrarian
• For over 30 years, ABL methodology has been one of anticipating changes in investor perceptions and market trends - rather than (as Wall Street often does) simply reacting to them
• ABL's reputation and investment success have resulted in a growing, and selective, list of very successful and satisfied clients in the United States and around the world
• ABL proudly points to a long-term record of investment performance seeking consistent after-tax returns on a risk adjusted basis
• ABL is consistently featured and quoted in the national media: including The Wall Street Journal, Barron's, Reuters, Bloomberg, CNN, CNBC - among others
• LanczGlobal.com features our proprietary research, investment analysis, strategy and insights; actual personal and retirement portfolios including activity as it happens in real time. Access is on an exclusive, member's only basis
  

We would be pleased to provide you with a personal discussion of our fee based compensation, along with a comprehensive review of your financial situation and investment objectives, plus an objective analysis of your asset program including costs, risks and performance. Simply write, call or contact us online.

The investment philosophy of Alan B. Lancz & Associates is simply one of matching individual goals with return objectives - and we have several means of implementing this philosophy and strategy.  Each is designed to accomplish specific objectives while keeping with our basic investment philosophy.  Briefly, our investment philosophy may be summed up in the following positions and guidelines, all which impact our investment decisions here at ABL:

• Flexible Approach -

  We never seek to identify with a single, rigid process or formula for investing or managing capital.  The investment marketplace is constantly changing and, therefore, requires our flexibility.
  
  

• Discipline to Take Profits -

  Timing is again key to our investment strategies.  No one can predict equity markets, economic conditions or interest rate futures.  Instead, we attempt to evaluate all present elements of risk, then time the implementation of the investment, and later, take profits.  This strategy has been critical in our long term success as profit taking not only realizes gains but also reduces risk.
  
  

• Thorough Independent Research -

  Research is key to our investment selection and management process. We acquire and evaluate information on an intense and continuous basis. Our independent research capabilities have grown to the point where other advisors pay to see our research through LanczGlobal.com.
  
  

• Continuous Focus -

  Our aim is always for long-term results.  This is achieved by consistently meeting and regularly evaluating predetermined objectives, over a continuous period of years.
  
  

• Defensive positioning - 

  We do not mind being out of the market at appropriate times. Nor do we mind fixed income, cash positions or other investments at similar times.  We will alter our position to fully participate when the situation calls for it - and, upon request, we will selectively use short strategies should certain investments become severely overvalued.
  
  

• Emphasis on the Long Term -

  We believe short-term performance should never be emphasized to the sacrifice of long-term goals.  We will never seek to match or exceed the existing equity market to the detriment of long-term total return.
  
  

• Independent, Unbiased Management -

  We consider ourselves unbiased, independent managers of money rather than equity brokers, investment bankers or counselors.  We constantly keep each individual's investment objectives before us when making each investment decision.
  
  

• No Bundled or Packaged Products -

  Above all, each client is served on an individual basis, with day-to-day attention and day-to-day management applied to each portfolio and individual account.  There is no general matching of objectives against large pools of mutual funds, bundled products or packaged asset allocation programs, as many advisors practice.
  

Finally, as our clients' objectives change over the years, so too must our investment strategies change in service to them. This type of flexibility is part of our specific day-to-day management process. There are numerous other facets to our total financial approach. Still, our primary pursuit remains the same, that of long-term total return while minimizing risk as much as possible.

Our first priority in all of our investment decisions is the preservation of capital - and this is not easily achieved if the right disciplines are not in place.

• Identify Losses Quickly
  

  We attempt to identify losses as quickly as possible, thus minimizing them. When we recognize the reversal of events, when we foresee a negative corporate event, or when we perceive a change in the positive reason for our being in an investment, we eliminate it from our portfolio.
  
  

• Full Disclosure Combined With Low Costs

  
  ABL was one of the first investment managers in the country to fully disclose personal retirement and corporate holdings to its investors. In the further pursuit of our "client first" philosophy, we have kept our trading costs and fee structures among the most competitive in the industry, and we have saved our clients literally thousands of dollars in hidden fees and excess commissions over the years.
  
  

• Selective Timing of Each Sale
  

  When, in our judgment, an investment has risen to or above its potential, we likewise eliminate it from our portfolio - even though it may go higher. Our reasoning is straightforward: as a stock rises in value, we continually re-assess its risk-to-reward ratio, and eliminate the position when it becomes no longer favorable. In the case of special situations or corporate event investments, we eliminate the investment from our holdings when the event has taken place or the situation no longer exists. Again, we are continually monitoring the risk-to-reward ratio in order to control risk..
  
  

• Avoid The "Favored" Issues
  

  We tend to stay away from the "favored" issues or industries. This also is the contrarian view. At ABL, we are seeking long-term capital appreciation rather than the fickle variance of current return. Following the herd, by investing in highly favored issues, results in mediocre performance and increased risk. Most investors have already purchased and, expecting good news, have driven the stock to its upper limits. Favored issues often become a standard case of too little, too late.
  

At ABL, we steadfastly adhere to three disciplines that comprise this concept:

• The patience to seek out long-term asset growth

• The resolve to avoid the "hot" technical chart

• The courage to take a loss

  
  

At ABL, we are not afraid to admit we made a mistake. But we make our strongest attempt to keep our mistakes, as well as our losses, to an absolute minimum. With these disciplines in place, we can more closely - and safely - meet the investment objectives of our clientele. The end result is a customized approach to innovative investment solutions, full disclosure, comprehensive reporting and the reassuring peace of mind that comes from long-term investment results.

Comprehensive, independent and objective research is the key to our investment selection process.  Our research can be broken down into two main categories:

• ABL maintains long-term relationships with some of the best informed and brightest minds in the financial arena. It started in the 1980's with our good fortune in establishing a rewarding friendship with legendary investor, Sir John Templeton. Some of these exclusive information channels have become keys to our successful proprietary research and management record.
  
  
• The investment selection process described here blends the psychological aspects of investing with an underlying fundamental basis of analysis. While virtually every sophisticated investor has access to similar statistics, trends and forecasts, we stress an additional yardstick of performance: the "quality" of corporate management. We believe that this personal evaluation of a company's decision makers distinguishes solid investment opportunities from the merely ordinary.
   

The first stage in our selection process, beyond comprehensive economic and general market research, is one of fundamental industry analysis. Specific companies are then selected that offer the most potential (with limited risk) from industries that currently represent the best values. These companies are rigorously analyzed by performing extensive fundamental research, plus forensic accounting and investigative corporate study, which may include discussions with:

• Corporate officers and other decision makers
• The company's competitors, suppliers, bankers and pertinent advisors
• Exclusive research channels and industry leaders

Our final decision is predicated on the question: Would we like this company and its potential enough to be willing to "own" it outright if that were possible? If, after all of our research, the answer turns out to be "yes" - then we recommend the company, but only when its market price becomes, or is, undervalued in our opinion.

We prefer to see a three or four-times greater upside potential than downside risk before we commit to an investment. If a company shows this type of risk-to-reward ratio, then its current price is attractive in our opinion.

We also look for alternative or special situation investment opportunities. This may be an acquisition, change in earnings, change in corporate structure, divestiture of an unprofitable division, consolidation of divisions, tender offer for its own stock - or any of hundreds of other happenings. We are on the lookout for companies with unusual earnings and asset growth, significantly higher than Wall Street generally anticipates, whose market prices do not yet reflect these changes.

Over the past three decades, Alan B. Lancz & Associates has been innovative in creating and implementing growth and investment concepts for our clients. These have been the results of incorporating their individual needs with our customized solutions.

• Custom Designed Portfolio Management

  
  Our accounts range from guaranteed to long term growth - with nearly every combination of these, and more, in between. As a result, we have established the practice of customizing each account to the client's individual needs and objectives. There is no pooling of assets. No carbon-copy asset allocation programs.
  
  

• Fully Disclosed Fee Based Compensation

  
  From our start, we have served our clients exclusively on a fee-based compensation basis. There are no soft-dollar compensation programs with other advisors, brokers or equity distributors. There are no hidden fees, charges or other compensation programs whatsoever. This assures maximum investment objectivity, and helps avoid potential conflicts of interest and pitfalls associated with so many of these other arrangements.
  
  

• Tax Efficient Investing
  

  Tax efficiency seems to have come to the forefront with investment advisors in recent years. The fact is, tax efficiency and after-tax returns have been a focus of our service to our clients from the very beginning - and we would be pleased to show you some actual experience in this area at your request.
  
  

• Preservation Of Capital

  
  This has always been our first priority. And ABL investment strategies include this major objective, so that even portfolios with the highest percentage of aggressive growth stocks are managed with control of risk and volatility foremost in mind.
  
  

• Flexible Investment Alternatives
  

  ABL has created a number of unique approaches to the implementation of individual investment objectives over the years. We have created a number of guideline portfolios designed to meet the most demanding needs of our clients. Some of these are outlined here:
  
  

  • Aggressive Growth Portfolio
    

    A portfolio of common stocks, currently undervalued, offering outstanding long-term appreciation potential.
    
    

  • Quality "Blue Chip" Portfolio

    
    Targets preferred and common stocks or bonds that provide a minimum 3-6% annual income in addition to up to 10% annual appreciation potential.
    
    

  • Special Situation "High Income" Portfolio
    

    A combination of securities seeking a greater yield over current money market rates - plus modest appreciation potential.
    
    

  • Standard & Poor's 500 "Alternate" Portfolio
    

    An alternate portfolio to our Quality "Blue Chip" Portfolio of "widely held" securities which still offers alluring opportunities - and whose selection is designed to outperform this broader index.
    
    

  • Long/Short Portfolio

    
    For institutions and wealthy investors seeking a more market "neutral" strategy in declining or sideways (trading range) type markets. It is not a pure hedge strategy, but rather an alternative to selectively "short" situations when such opportunities arise, and used in combination with our "long" recommendations ($5 million minimum).
    
    

  • International Portfolio

    
    Seeks long-term total return from the most attractively priced bargains on a global basis - and can be utilized to work in combination with one or more of our other portfolios.
    
    

  • Long Term Bargain Portfolio
    

    Buying quality when out of favor is emphasized here, especially when there is a potential catalyst to eventually re-establish favor.
    
    

  • Balanced Portfolio

    
    A combination of all above portfolios designed to meet your specific objectives and matched to existing market conditions. Your Balanced Portfolio may specify a "conservative" or "aggressive" stance, limit percentages in certain sectors or restrict specific investments.
    
    

  • Sound Investing

    
    This is a particular innovative investment concept of Alan B. Lancz & Associates, allowing us to serve clients who may not meet our standard minimum investment requirements - or who would rather own a portfolio of low-cost, no-load mutual funds, exchange traded funds or closed-end funds which appropriately meet their financial objectives.  Our Sound Investing services also include a regular publication which provides investment advice, guidelines and specific recommendations which help in meeting specific investment objectives.
    
    

• Unconventional Performance

  
  Our investment objective is consistent performance - no matter what the prevailing market conditions.  Significant cash positions are always maintained whenever risk-to-reward positions are deemed unfavorable.  Our consistent performances over the years, particularly our prevention of "down" years in our own investment experiences attest to the strength of our investment disciplines and our performance strategies.
  
  

• One Of The Nation's Top Performing Investment Advisory Services
  

  Alan B. Lancz & Associates, and our performance, has been consistently cited as one of the nation's top money management firms.  Each account is individually managed so many times performance is predicated by the goals, objectives, and risk tolerance.  Even though past performances cannot guarantee future success, ABL's flexible approach to investment management adapts quickly to highly volatile markets and has proven successful in some of the past decades' most challenging markets. 

Alan B. Lancz & Associates offers comprehensive financial services for any wealth management need - whether it be individual or organizational.

• Retirement Plan Services

  
  These services have been a specialty of Alan B. Lancz & Associates for quite a number of years. We have assisted clients with basic decisions concerning type of plan, from defined benefit plans to 401(k), 403(b), employee stock ownership and profit sharing plans, as well as plan administration options. Investment options and fund selection are key to the success of your plan - and the full resources of ABL are at your disposal in this regard. Our goal is to assist you in fully meeting your fiduciary responsibilities while promoting plan participation, identifying and reducing expenses, and optimizing the mix and return of investment options for each participant.
  
  

• Professional Athlete/Celebrity Management
  

  ABL has been working with some of the world's top athletes/celebrities for nearly two decades. Our goal is to provide investment direction to help minimize taxes and maximize investment return both during and after peak earning years. These relationships are usually established through word of mouth by satisfied clients or via an agent, attorney and/or accounting firm - and the benefits of our educational approach and our long-term tax efficient wealth building strategies are regularly showcased to the leaders in the sports and entertainment industries in this manner.
  
  

• Nonprofit Organizations
  

  Service to nonprofit and tax exempt organizations is an additional specialty of Alan B. Lancz & Associates. We provide both investment counsel and full management services to these organizations. We offer a pure fiduciary role - looking out for the nonprofit's best interests and offering both proven strategies and their various alternatives to meet the organization's investment goals. We assure that assets are being professionally invested in accordance with the Investment Policy Statement, and provide detailed performance reporting and regular communication directly with the Board of Directors and/or Investment Committee.
  
  

• Sound Investing
  

  This is another innovative investment concept of Alan B. Lancz & Associates, allowing us to serve clients who may not meet our standard minimum investment requirements. It is also attractive to those who would rather own a portfolio of low cost mutual funds, including exchange-traded and closed-end funds, to help meet their financial objectives. Our Sound Investing service includes our proprietary publication, Sound Investing Basics, which covers our Honor Roll of some of the best low cost, no load mutual funds and exchange traded funds. Our Sound Investing services have proven especially beneficial in retirement plans. Employers benefit by understanding cost and fiduciary risk, while employees benefit from a better understanding of their overall retirement plan and its alternatives, with proper guidance to help them make better decisions.
  
  

• Consistent, Proven Performance
  

  Our investment objective is consistent performance - no matter what the prevailing market conditions. Significant cash positions are always maintained whenever risk-to-reward positions are deemed unfavorable. Our performance history over the years, particularly our limitation of "down" years in our own investment experiences, attest to the strength of our investment disciplines and our performance strategies.
  
  

• A Flexible Cost Approach to Investment Advisory Services
  

  Even though past performances cannot guarantee future success, ABL's flexible approach to investment management adapts quickly to highly volatile markets and has proven successful in some of the past decades' most challenging markets.
  
  

• Growth Through Performance
  

  Alan B. Lancz & Associates has enjoyed consistent growth, both in clientele and reputation, over the past three decades.  Recent client additions have come from all reaches of the United States and Canada, including a number of overseas clients, as well as a few of the wealthiest individuals in America.  But perhaps the finest testimony to the quality of our service is the strong and growing network of professionals - accountants, bankers, attorneys and sports agents - who continue to recommend our company to potential clients without remuneration or compensation of any kind.  We would be pleased to provide you with the names of selected advisors and actual clients upon request.