MONTAG & CALDWELL, LLC

Montag & Caldwell LLC is a private investment management firm based out of Atlanta. The company was established by Louis A. Montag in 1945 and the company would adopt its current name in 1956. Montag & Caldwell started with its large cap growth equity strategy and began managing tax-exempt accounts for institutional clients in a large-cap growth equity style in the 1960s, with the firm becoming registered with the SEC in 1968. The company would improve its methodologies by “implementing earnings momentum disciplines, strengthening our in-house research capabilities, and exploring new information technology resources” in the 1970s, developing a strong team of professionals by the 1980s. Montag & Caldwell today provides a variety of equity, balanced, and fixed income portfolios and management for mutual funds. The company conducts its research in house, investing in the fixed income and public equity income markets on a global scale. Montag & Caldwell utilizes a fundamental analysis and a bottom up investment approach, focusing on the growth stocks of mid to large cap companies. The company invests in the health care, which alone makes up almost a third of its asset allocations, consumer staples, and information technology sectors, among others to a lesser degree, in order of decreasing allocations. Montag & Caldwell is owned largely by itself with remaining ownership split amongst Ronald E. Canakaris, the CIO, William A. Vogel, the CEO, Janet Boutin Nunch, the executive Vice President, and various other key executives. The company currently employs 29 people with 19 of them being investment professionals. Montag & Caldwell holds almost $10 billion in total assets under management spread across 810 accounts, all of which but one are discretionary accounts. Both its total number of accounts and assets under management have been volatile in the recent years with its total assets under management rising from $10.5 billion in 2010 to as high as $15 billion in 2011. Montag & Caldwell currently offers its Large Cap Growth, Mid Cap Growth, Fixed Income, and Balanced Growth strategies.