Our Philosophy & Distinctions

We are an Investment Firm with a Conscience

SFE has been providing investment advice to our clients for forty years. Our success has been built on a tradition of personal attention to our client’s needs and expectations. Early on, our founder, Earl Fisher, instituted the SFE Credo which forms the foundation for how we have conducted ourselves over the decades.

SFE CREDO

We base our investment advice on our relationship with you, and your specific needs.

We develop trust through an honest and sincere respect for you and your goals.

We provide you with exceptional service and superior results.

We are friendly, innovative and good listeners.

We are owners and invest with you.

We are personal and family wealth managers.

We believe the client’s good is our good.

We work as a team and not as individuals.

We give back to society for our success.

We do more than manage your money – we help you reach your goals.

 

We will maintain our focus to help you to benefit from all the important elements of long term investment success including: rigorous analysis, investment discipline, appropriate risk management and time. Your capital will be invested with the singular purpose of pursuing your long-term investment goals within a risk framework that is suitable and appropriate for you.

 

From a financial perspective, we typically look for companies with strong balance sheets and whose operations generate significantly positive free cash flow. We believe that dividend growth is an important attribute of long term total return.

 

We also have certain altruistic attributes that we wish our portfolio companies to aspire to. We certainly want them to comprehensively view all their stakeholder resources when developing corporate strategies. Along these lines, we have always recognized our proclivity towards what is now referred to as Impact Investing. While this is generally in our DNA across our core investment philosophy, we have developed a specific and separate Impact or socially responsible strategy we call Pathways™.

What makes SFEIC different from other firms?

  • SFEIC has a concentrated portfolio. We believe in a portfolio with fewer stocks. Typically, our client portfolios hold between 20-30 stocks. This number is far below the average mutual fund, which may hold between 120 and 160 stocks.

 

  • SFEIC is committed to finding companies that make the world a better place. Since our founding, this has always been a part of our culture. We care about local communities and strive to find companies that are pillars in their communities and models of good corporate citizenship.

 

  • Stock Pickers – there is no middle man. We construct the portfolio. No extra hands are in your investments.

 

  • Fee based – we are your partners. When you grow we grow.

 

  • Team effort – our team is made up of philosophers, lawyers, CPA’s. We come from various backgrounds to collaborate and discuss the best positions for client portfolios.

 

  • We believe in concentrated diversification. Conventional wisdom says more diversification is better. Yet, this mainly helps protect you from volatility. And, research shows over-diversification produces returns that mirror the market. Yet, this is not ideal for delivering great performance over time. Our track record shows 20-30 carefully selected and monitored stocks allow us to out-perform the market with limited volatility. SFE achieves diversification by combining stocks from many industries with different market values. Plus, we balance growth stocks with established firms that pay dividends.

 

  • Believe strongly in dividends to achieve a total return. Our Total Return approach to investing refers to our conviction that both price appreciation and dividends are important to achieving attractive returns over time. Stated as a formula: Stock Price Increase + Dividends Paid = Total Return.

 

  • We use a collaborative approach to separately managed accounts. With your client liaison as the lead, our team views your portfolio of accounts a minimum of twice per quarter. As a team, we collectively make buying and selling recommendations for our clients.