FERGUSON WELLMAN CAPITAL MANAGEMENT, INC

Ferguson Wellman Capital Management, Inc. is an investment management firm based out of Portland, Oregon. The company was originally established in 1975 by Joe Freguson and Norb Wellman and has grown from its inception to now operate with 43 total employees of which 20 are investment professionals. Ferguson Wellman Capital Management conducts its research internally and externally, utilizing an active process to make its investment decisions. The company invests in the public equity and fixed income markets on a global scale, investing in companies across all capitalizations and benchmarking its performance against a variety of S&P, NAREIT, and MSCI indexes. Ferguson Wellman Capital Management invests most heavily in the finance sector, which alone makes up over a fifth of its total asset allocations, and also invests in the information technology, health care, consumer discretionary, energy, industrials, and consumer staples sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations an average of just under 20 quarters, although Ferguson Wellman Capital Management only holds its top 10 allocations for 2.1 quarters on average. Ferguson Wellman Capital Management, in the most recent quarter, has had a turnover rate of approximately 11.1%. The company manages over $4.3 billion in total assets under management spread across over 2,400 total accounts, all of which are discretionary accounts. Both of Ferguson Wellman Capital Management’s total number of accounts and total assets under management have been increasing in recent years with the company’s total managed assets growing significantly from $2.2 billion back in 2010 to approaching twice that amount today. The company mainly caters to high net worth individuals, which alone makes up over a third of its clientele and almost two thirds of its total assets, and also provides services to pension and profit sharing plans, charities, and corporations and other businesses, in order of decreasing clientele.