Wenjun W. Yang

River Road Asset Management employs a a highly disciplined, proprietary investment approach which they refer to as \"Absolute Value.\" The strategy incorporates the most proven and enduring principles of value equity investing, with a specific avoidance of the pitfalls associated with the common Deep Value and Relative Value investment styles. The objective of this approach is to generate attractive, sustainable, low volatility returns over the long-term, with emphasis on minimizing downside portfolio risk. The approach is based on four principal tenants: a focus on excellent companies trading at compelling prices; bottom-up portfolio construction; a focus on less efficient areas of the equity market; and risk aversion. River Road's strategies include: Small Cap Value and Small-Mid Cap Value; Dividend All-Cap Value and Dividend All-Cap Value II; Long-Short Equity; and Focused Absolute Value.For their Small-Cap Value and Small-Mid Cap Value Strategies, River Road primarily invests in small-cap or small- to mid-cap companies that are trading below the portfolio managers’ assessment of their valuation as determined using their proprietary Absolute Value approach. Investments may also include mid-cap stocks, REITs, convertible securities, and foreign stocks.For their Dividend All-Cap Value and Dividend All-Cap Value II Strategies, the firm primarily invests in an all-cap portfolio of income producing equity securities that are trading below the portfolio managers’ assessment of their valuation. The portfolio managers primarily invest in dividend paying common stocks but may also invest in a broad range of foreign stocks, publicly traded partnerships, convertible preferred stocks, REITS, investment companies, and royalty income trusts. River Road's Long-Short Equity Strategy primarily invests in long and short equity securities, but may also invest in REITs, convertible securities, preferred stocks, foreign stocks, publicly traded partnerships, options, ETFs, futures, and other index-based investments. The River Road Focused Absolute Value (FAV) Strategy is a concentrated, all-cap portfolio of equity securities chosen from a universe consisting of companies held in River Road's other strategies. The strategy may invest in common stocks, foreign stocks, publicly traded partnerships, convertible preferred stocks, REITs, investment companies, and royalty income trusts.

Boston Private Wealth (BPW) constructs client portfolios using an array of investment vehicles across multiple asset classes, geographies and market capitalizations. They manage portfolios comprised of various investment vehicles including equities, fixed income securities, mutual funds, and ETFs spanning the global financial markets. BPW utilizes both internally managed strategies as well as external money managers to complete their suite of investment offerings. External managers provide access to both traditional strategies and alternative strategies with access to real estate, private equity, and liquid alternatives. BPW specializes in both qualitative and quantitative investment analysis and portfolio construction over a broad range of investment styles including growth, value, domestic and global. The firm's proprietary investment strategies include: Core Equity, Equity Income, Growth Equity, Value Equity, International Equity, Tactical, Equity Option and Global Fixed Income.

Banyan Partners, LLC is an independent, fee-only Registered Investment Adviser. Currently managing more than $1 billion in individual and corporate wealth, we provide comprehensive investment management using an opportunistic investment philosophy and prudent risk management.