Market Letter First Quarter 2015

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Carkin, Faulkner and Krys-Rusoff Invited to Buy More Company Stock

PORTLAND, Ore. – June 10, 2014 – Ferguson Wellman Capital Management recently invited three professionals to purchase additional company shares. Tim Carkin, CAIA, CMT, Mary Faulkner and Deidra Krys-Rusoff accepted the offer, increasing their ownership stake in Ferguson Wellman. Carkin has been with the firm since 2003 and currently heads Ferguson Wellman’s trading and operations departments. Faulkner joined Ferguson Wellman in 2006 and leads the firm’s branding and communications efforts. Krys-Rusoff, who recently celebrated 10 years with Ferguson Wellman, oversees the firm’s municipal bond strategy for client portfolios.

“Tim, Mary and Deidra have all grown the positions they were in when they were first hired,” says Steve Holwerda, CFA, principal and chief operating officer. “We are a better company today because of what they have accomplished in their work.”

In addition to their responsibilities at Ferguson Wellman, these senior vice presidents serve in leadership roles with various organizations in the community. Krys-Rusoff chairs the Oregon Zoo Bond Oversight Committee and is a board member of the YMCA’s Southeast Regional Childcare Council. Faulkner chairs the Lone Fir Cemetery Foundation board, serves on the honorary council for Portland State’s Center for Women’s Leadership and is on the community outreach committee for All Saints School. Carkin is a board member of the Education Recreational Adventures and Oregon Council on Economic Education. He also chairs the Sherwood Budget Committee.

Founded in 1975, Ferguson Wellman Capital Management is a privately owned registered investment adviser that serves more than 650 clients with assets starting at $3 million. The firm works with individuals and institutions in 35 states with a concentration of those clients in the West. Ferguson Wellman manages $3.9 billion that comprises retirement plans; endowments and foundations; and separately managed accounts for individuals and families. In 2013, West Bearing Investments was established, a division of Ferguson Wellman, that manages investment portfolios starting at $750,000. All company information listed above reflects 3/31/14 data.

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Spreading the Wealth: Article on Ferguson Wellman in Oregon Business Magazine

Oregon Business Magazine Spreading the Wealth 

February 25, 2014

By Paige Parker

A high bar to clear. Until last year, investors seeking the expertise of Portland firm Ferguson Wellman Capital Management needed to bring at least $2 million along with them. The 39-year-old wealth management firm lavishes personal attention on its clients. Some families have trusted Ferguson Wellman with their money through three generations. And its employees are far from fickle: Not a single investment professional hired in the last 25 years has left Ferguson Wellman for another job, says CEO James Rudd. The firm closed out 2012 with just shy of 600 individual and institutional clients and $2.91 billion in assets under management. “We’re not a hot-dot manager,” Rudd says.

Creating growth, controlling growth. Market research told the employee-owned firm that the time had come to pursue less wealthy investors. Assuming it would attract younger investors, Ferguson Wellman this summer added two employees and launched West Bearing Investments, a division for Oregon, Washington and California clients with at least $750,000 to invest. West Bearing clients have access to the same investments as Ferguson Wellman clients, as well as direct access to the analysts who create those investments.

The rich get richer. On January 1, the firm raised its minimum for entry into the established Ferguson Wellman division to $3 million. The move doesn’t affect current clients. “I’ve been here 31 years, and this is the fourth time we’ve increased our minimum,” Rudd says. Ferguson Wellman first established a minimum, then $1 million, in 1989. The higher minimum “allows us to continue to be very client centered in what we do and very entrepreneurial,” Rudd says. “Clients are the greatest resource that we have. Believe me, it takes years to form a trusting relationship with a client.”

Surprising results. The 43-employee company ended 2013 with $3.8 billion in assets under management, largely because of the strong performance of the stock market. But it also brought in 52 new clients. Twenty-eight came from the West Bearing division, which hit its goal of $25 million in assets under management.

So has the double-digit growth in Oregon’s software sector brought young, flush investors into the Ferguson Wellman fold? Not yet. The new clients aren’t of the high-tech hoodie set, but rather business owners, entrepreneurs, doctors and those who’ve inherited money. “When it came down to it, in the Northwest — anywhere, for that matter — $750,000 is a great amount of money to be putting into a retirement,” says Mary Faulkner, senior vice president for branding and communications. “Our demographics at West Bearing compared to Ferguson Wellman, they’re essentially the same. It was an exciting discovery for us — how wealth manifests itself in the Northwest.”