THE FIRM

C.J. Lawrence is a boutique investment management firm based in New York City with a legacy dating back to 1864.

CJL combines the talents of a highly experienced portfolio management team within an environment centered only on offering good investing advice.

CJL specializes in separately managed accounts for high net worth individuals or families, and institutions.

Assets under supervision were just under $780 million as of 6‐30‐19.

CJL is an independent, privately owned, SEC‐registered investment advisor.

Portfolio Managers

“Investment management is our core competency”

CJL’s portfolio management team uses its extensive investment experience to anticipate changes in global markets and identify longer term investment trends.

Analytical rigor and proprietary investment disciplines are the foundation of our portfolio management process.

From analysis to implementation, the firm’s portfolio managers serve as your trusted investment manager and advisor. This combined approach is what sets us apart.

THOUGHT LEADERSHIP

CJL’s legacy is deeply rooted in proprietary research. Today the firm continues to publish regular reports on portfolio strategy, the economy and markets which are made available to our clients.”

CJL’s widely followed Weekly Market Commentary, first published by Jim Moltz in the 1970s is today authored by CJL’s portfolio strategist, Terry Gardner.

CJL’s publications are frequently quoted in the financial press.

EQUITY PHILOSOPHY & PROCESS

Over the past 25 years CJL’s portfolio managers have applied a qualitative discipline to establish a buy-universe of no more than 200 stocks of companies that embody what CJL calls Bulldog characteristics.

Bulldogs are companies that are intensely focused on taking market share in growing sectors. These companies dominate or disrupt their competition through a combination of financial strength, innovation, economies of scale, product or service differentiation, and management talent.

Our buy‐universe is continually measured by our valuation model and ranked by total return over a 3‐year period. Stock selection is subject to price/value standards measured against the future return of the market.

A diversified portfolio of 30 to 40 stocks is composed. Annual portfolio turnover tends to be low. Positions are eliminated or reduced if their preeminent competitive position erodes or when expected returns become modest compared to other stocks in our universe.

Our Bulldog‐equity portfolios are also available in conjunction with an allocation into fixed income.

CLIENT SERVICE & CUSTODY

C.J. Lawrence’s experienced client services professionals provide a high degree of service to a limited number of high net worth clients, family offices and institutions.

Our portfolio management system allows for customized reporting.

CJL can interface with most custodians depending on client’s preference. Portfolios are reconciled in our portfolio management system (Axys) on a daily basis.

CJL uses Fidelity as its prime custodian at no additional cost to our clients.

CJL is an approved manager on the Envestnet and Brinker platforms.

CJL’s commingled UIT strategies sponsored by Advisors Asset Management (AAM) are available at the major wire houses (Merrill, UBS, Morgan Stanley, Raymond James etc.) where CJL is an approved manager.

HISTORY

Former Vice Chair of C.J. Lawrence, Charley Maxwell, shares his thoughts on the global energy markets in his special report, The Road from Nadir to Zenith.

The Road from Nadir to Zenith

2016

Terry Gardner rejoins C.J. Lawrence as a portfolio strategist.

2015

Jim Moltz, Bruce Benedict, Bernhard Koepp & David Gallacher relaunch Cyrus J. Lawrence

2014

ISI Inc. research broker/dealer unit merges with Evercore

2014

David Gallacher joins ISI Inc.

2012

Jim Moltz, Bruce Benedict & Bernhard Koepp found the equity oriented account management business at ISI Inc.

1999

Barron's publishes Jim Moltz article "Bullish on Bulldogs," a widely followed strategy investing in market share dominant companies

Bullish on Bulldogs

1996

Ed Hyman forms ISI Inc.

1991

C.J. Lawrence Weekly Market Comment - Oil and Stocks Don't Mix

Oil and Stocks Don't Mix

1990

Deutsche Bank AG acquires Morgan Grenfell / Cyrus J. Lawrence

1989

C.J. Lawrence Weekly Market Comment - CJL Market Monitor Turns Neutral

CJL Market Monitor Turns Neutral

1987

Morgan Grenfell Group acquires Cyrus J. Lawrence

1986

C.J. Lawrence Weekly Market Comment - The New Nifty-fifty Index

The New Nifty-fifty Index

1984

New York Times publishes profile - Lawrence: "A Wall Street Boutique That Lived"

A Wall Street Boutique That Lived

1981

C.J. Lawrence Weekly Market Comment - Dow Above 1,000

Dow Above 1,000

1980

C.J. Lawrence Weekly Market Comment - Will the Volcker Rally Last?

Will the Volcker Rally Last?

1979

Jim Moltz appointed Chairman and President of Cyrus J. Lawrence

1973

Ed Hyman joins Cyrus J. Lawrence

1972

Bruce Benedict joins Cyrus J. Lawrence

1965

Cyrus J. Lawrence publishes "Comparative Valuation of Common Stocks," a discipline we continue to practice today

1959

Cyrus J. Lawrence & Sons - Photograph by Richard H. Lawrence

Cyrus J. Lawrence & Sons

1882

Cyrus J. Lawrence & Sons founded

1864

The C.J. Lawrence investment process, from research through to implementation, is the singular focus of our portfolio managers.