Since 1971, Towneley Capital Management, Inc., an SEC-registered independent investment advisory firm, has provided investment counseling, asset management and financial planning services to hundreds of individual and institutional clients on a fee-only basis.
Our management history has included individual stock and bond portfolios, a family of publicly traded mutual funds, a trio of hedge funds and sophisticated multiple mutual fund and ETF strategies. The wisdom gained from our long-term, broad market experience makes us uniquely qualified to expertly advise our clients in all market environments.
Towneley Timeline
| 1971 |
We opened our New York office, offering value-oriented equity, balanced and fixed income strategies for institutions and individuals based on a combination of bottom-up fundamental analysis and advanced quantitative techniques. |
| 1982 |
Towneley's Laguna Hills office opened, providing personalized investment service to foundations, professional societies and other institutional clients. |
| 1987 |
We introduced our revolutionary Multiple Mutual Fund Strategy ("MMFS") offering custom design and management of no-load mutual fund portfolios along with individualized financial planning and consulting services. |
| 1987-1994 |
Towneley founded the Eclipse family of no-load value-equity mutual funds which included four Eclipse funds--Small Cap Value, Balanced, Mid Cap Value, and Ultra Short Term Income. In December 2000, we sold the Eclipse funds along with our New York-based separate account business. |
| 1992-2006 |
In conjunction with our Chairman, Wesley McCain, Towneley founded and managed long/short strategy hedge funds for U.S based investors, off-shore investors, and retirement plans. After a successful run, we chose to exit the hedge fund business in 2004, closing the last of the three Libre funds in late 2006. |
| 2003 |
We introduced our Developed Markets Strategy ("DMS") and Emerging Markets Strategy ("EMS") exchange traded fund strategies in June 2003. The strategies invest in country-specific exchange traded index funds on a rotating basis in response to changes in local market valuation, currency and interest rates. |
| 2005 |
Our third ETF strategy, the Global Balanced Strategy ("GBS"), was introduced in January 2005. This strategy targets high total return with moderate risk over the long term by periodically reallocating investments between U.S. and foreign fixed income, equity and hard assets. |
The Certified Financial Planner Board of Standards defines a fee-only financial advisor as "an advisor who is compensated solely by the client, with neither the advisor nor any related party receiving compensation that is contingent on the purchase or sale of financial products."
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