Capital Management

Since our founding in 1997 The Kelly Group has prided itself on its stewardship of clients’ assets. Managing capital is not about finding the latest investment gimmick or following a hot stock tip. Nor is it about “beating the market” in short-term spurts. Managing the investment assets of a client is about helping the client achieve specific goals by following time-tested investment principles, and implementing those principles with objectivity, integrity, diligence, discipline, and wisdom.

We tailor our investment plans to each client’s needs and circumstances. We then provide continuous communication, including regularly scheduled Wealth Management Reviews. The Kelly Group is an independent firm that offers fee-based services, and our main incentive is to generate good results.

The Kelly Group’s Eight Fundamental Investment Principles
We believe investment success begins and ends with following tried and true principles that have withstood the test of time.

1. Investing is a means to an end, not an end in itself.
Our goal-oriented financial planning process is the essential cornerstone of our investment process. The client’s unique circumstances dictate the investment strategy.

2. The greatest risk is inflation.
There is no such thing as a risk-free investment, including cash. Any investment strategy must weigh both the risk of short-term volatility and the long-term risk posed by the loss of purchasing power. Inflation is THE dragon we must vanquish in order to reach our goals.

3. Volatility is the price paid to beat inflation.
An investor is compensated over the long term for the uncertainty the investor bears in the short term. The investor is paid a premium for accepting short-term risk. Nick Murray, the author and long-time observer of investment markets, puts it bluntly and succinctly: “You have to pick what you’re going to be worried about. Markets are volatile, but retirement is certain.”

4. In the short term, the only certainty is uncertainty.
Daily headlines are at best a distraction, at worst an obstacle to sound investment decision making. The newspapers and cable news are not the investor’s friend.

5. Short-term forecasts are useless for investing purposes.
Trying to time the market is a fool’s game. No one knows what the markets or economy will do in the short term. The sad record predictions by “experts” proves this.

6. History vindicates faith in our long-term future.
Despite political and economic disasters, and temporary market free falls, markets have always recovered. Indeed, most often the best time to be in the market is when things look most bleak.

7. Successful investing requires a disciplined process.
Investment plans should be implemented with a disciplined process. No individual decision is as important as painstaking adherence to that process. As Warren Buffet has famously stated, “We don’t have to be smarter than the rest. We have to be more disciplined than the rest.”

8. The investor’s own behavior is the key to success.
One of the greatest investors in history, Ben Graham, said, “The investor’s chief problem—and even his worst enemy—is likely to be himself.” We take those words to heart. Our most important role as financial planner and investment advisor representative is helping our clients control their own investment behavior. We help our clients leave their emotions behind and stick to a well-constructed, disciplined investment process.

As stewards of our clients’ assets, we hold to these principles with passion and commitment. There is nothing more important to us than helping guide our clients to their goals, through every branch of life.