EQUITY FUND RESEARCH has been offering investment management services to individuals since 1980. We do not publish results of our managed accounts, but results of our newsletter, EQUITY FUND OUTLOOK, are attested to by The Hulbert Financial Digest, a service of Dow Jones MarketWatch.EQUITY FUND OUTLOOK was published from August 1988 to October 2008. For the fifteen years ending October 2008, EFO was the #1 fund newsletter among 27 such services covered by the Hulbert Financial Digest.  It was also #1 for the prior ten years in both performance and risk-adjusted return among 36 such services covered.

Clients receive quarterly statements that show holdings, portfolio characteristics, commentary and performance for the most recent quarter and since account inception, compared with a market benchmark. Each account is separately managed, and a client’s expressed risk ceiling is scrupulously observed. Equity Fund Research is about research: the special effort required to research and produce a leading newsletter on growth funds each month serves as a discipline that assists in obtaining effective results for clients. As publishers of a leading newsletter for over twenty years, we still enjoy access to portfolio managers for additional insights. All accounts are managed by firm principal Thurman Smith.

Currently we are accepting personal and tax-advantaged accounts such as IRAs, Keoghs, 403(b) and other retirement plans with a minimum initial account size of $500,000 (per portfolio). Fees are based on assets and do not exceed 1% unless assets decline to less than $410,000. The fee structure is such that fees decline as a percentage of assets as assets grow.

Client assets are custodied at Charles Schwab & Company, which, compared to other custodians, has the best selection of the less well known funds we like to use, the most dependable execution and best broker-adviser interface. An explanation of the investment approach, fees, background of chief investment officer Thurman Smith, and other essential information on the service, including a copy of our form ADV Part II can be sent if there is mutual interest. This is discovered in a telephone conversation with Mr. Smith. You may call him at 781-397-6844 or 800-982-0055, 8 am to 4 pm eastern time. Offices are located at 194 Summer St., Malden MA 02148.  

Equity Fund Research is registered as an investment adviser with the Securities & Exchange Commission. Our SEC file number is 801-64817. Information about EFR as filed with the Commission may be viewed at www.adviserinfo.sec.gov.

For a printable 2-page brochure on this service click here.

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IN STATES WHERE EFR WOULD NEED TO BE LICENSED TO ACCEPT A CLIENT