Long-Term Value Stocks with Competitive Advantages

Set by the Portfolio Manager

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Manager Portfolios

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0.25%-0.75% annual; IA retains 0.25%, remainder paid to the Portfolio Manager; fee negotiated between IA and the manager

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Equity securities (exchange-listed, certain OTC, ADRs) and ETFs; Portfolio Managers cannot use leverage/margin

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Most $500-$50,000; majority $10,000 and below

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To be selected, managers are screened (e.g. AUM, own money in the strategy), fill in a questionnaire on portfolio construction, risk control and strategy guidelines, share historical trade data, and pass a live test period during which clients cannot invest. Managers license their trade data and have no discretion over client accounts. IA receives no compensation from managers and does not pay them for referrals.

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Risk score 1-5 assigned by IA; reevaluated at least annually

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Not available (TLH only for the Asset Allocation Portfolio)

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Our long-term value portfolio invests in the firms that have the competitive advantage in their market segments with the potential to grow for the long term. We hold most of our equities for the long term as long as they are reasonably valued and have ample margin of safety. We focus on capital preservation and consistently look for growth opportunities.

Lakeland Wealth Management LLC is fee-based registered investment advisory firm based in Memphis, TN offering money management and financial planning services to families, institutions and high net worth individuals. Lakeland Wealth Management adopts fundamental value analysis and tailors the portfolios to fit individual needs, risks and time horizons. Sreeni Meka,CFA is the managing member and investment advisor at Lakeland Wealth Management LLC. Sreeni has twenty-eight years of investment experience in the equities and derivatives markets. Sreeni has worked as a management consultant for big four firms and served at a number of Fortune 500 companies in North America. Sreeni holds a Masters degree in Mechanical Engineering from The University of Texas at El Paso, an MBA degree in Finance from University of Memphis and He is a Certified Financial Planner™ and a CFA charter holder.

Aggressive capital growth with significantly higher risk than broad equity market. Investing in equities and concentrated portfolios and prepared to take substantial risk to achieve investment goals.

We allocate our assets and energy to a limited number of handpicked stocks after understanding the issuer’s business model. All equities qualified in our portfolio must consistently generate above-average free cash flow and often provide good dividend yield.

We follow the Buffett-Graham value investment philosophy while analyzing equities. All our long-term holding firms must be transparent with investors; market leaders with pricing power. Occasionally, we do take advantage of arbitrage opportunities if we perceive there is greater upside potential with minimum risk.

We may lever up if the yield generated is a lot more than the cost of the capital or to take advantage of market anomalies.

We hand pick all the equities in our portfolio through independent analysis of company annual statements including balance sheets, income statements, and free cash flow analysis from publicly available data sources, such as the SEC Edgar database, and by participating in corporate conference calls.

We sell some of our holdings if we perceive the valuation has reached the upper end of the value zone. We will hold certain equities for more prolonged periods of time if we have faith in the business model and the corporate leadership.