Since 1967, Beutel Goodman has specialized in applying a value approach to the management of domestic and global equity, balanced and fixed income mandates for institutional and individual investors. Cash flow analysis forms the foundation for both equity and fixed income analysis and valuation. For the fixed income side strong free cash flows facilitates debt repayment and safety of principal. For the equity side strong free cash flows provide the financial flexibility to support organic growth and profitability, make strategic acquisitions, buy back shares and pay dividends. Beutel Goodman's in-depth, and bottom up investment style leads to investments in strong companies with less cyclicality for fixed income mandates and more value upside for equity mandates.

Standard & Poor's Investment Advisory Services (SPIAS) focuses mainly on investments in equity securities and mutual funds, The firm also offers ETFs and fixed income advisory services. SPIAS’ advisory services are provided primarily to institutions that use such advice for their own underlying clients and investors. SPIAS’ equity allocation typically has core allocations to both international and domestic equities and is based on global equity market capitalization. The fixed income allocation is based on credit quality, duration and wherever possible by geographic region or country-specific markets.SPIAS offers asset allocation strategies in the form of models, which may be at the asset class or economic sector level. Models are customized to clients’ investment objectives and are based on modern portfolio theory. SPIAS uses both quantitative and qualitative factors in developing clients' allocation strategies and model. SPIAS' Fund Selection Services offer both quantitative and qualitative analysis of mutual funds and ETFs for separately managed accounts and insurance sub-accounts.SPIAS provides multi-manager strategies which consist of recommended asset allocations and investments to fulfill each asset class in the allocation. Multi-manager model portfolios may be designed to target specific risk/return objectives, investment goals or time horizons. Investment recommendations may include a combination of mutual funds, ETFs, insurance sub-accounts, model portfolios of equity securities, and/or separately managed accounts. In addition, SPIAS may recommend other investment advisors who can implement an investment strategy to meet a client’s investment goals and objectives.SPIAS provides equity portfolio services such as providing model stock portfolios and developing preferred stock lists that meet selection criteria. Model portfolio composition and portfolio strategies can be driven by quantitative models or fundamental research, or combinations of both. Model portfolios that are driven by quantitative models may be subject to a qualitative overlay. SPIAS offers fixed income model portfolios by primarily selecting US and European investment grade and high yield fixed income securities. SPIAS’ security selection process uses use analytical tools and analysis, including the R2P screening tool and related research to assist in security selection. Model portfolio composition and portfolio strategies can be driven by SPIAS’ use of quantitative models, hedging techniques and analytical and screening tools to measure a security’s creditworthiness, risk and probability of default.

Brandywine Trust Co. employs a fundamental, bottom-up research approach. The firm tends to invest in the stocks of US large-cap companies in the finance, energy minerals, consumer non-durables and health technology sectors. They maintain a very low turnover rate