Equity Strategy

The companies in our portfolio feature high-yielding stocks that are growing their earnings, dividends and cashflows and trade at a discount to their intrinsic values (our estimate of their economic net worth).

Dividend Value

setting ourselves apart

We manage an equity strategy comprised of superior-quality companies that pay high dividends, grow earnings, cashflows and dividends, and trade at a discount to our intrinsic value calculation. The strategy is not offered in a fund. Rather, it is offered in a separately managed account format, with the assets held at a trustworthy custodian, giving the investor complete custody of the assets, total transparency, and the ability to see their portfolio and the companies they own. Investors also have their own tax lots, allowing for tax-efficient investing and tax-efficient charitable giving.

an Approach Backed by Academic Research

  • Dividends have accounted for approximately 45% of stock market returns.
  • Growing dividends and high sustainable payout ratios may lead to better profits and greater shareholder value.
  • Increased dividends reflect management’s confidence in sustaining future cash flow.
  • Higher dividends impose financial discipline on management.
  • Dividend strategies tend to offer an improved risk/reward tradeoff.
  • Dividend Value provides investors with a growing income stream.
Dividend income combined with earnings and dividend growth have accounted for approximately 95% of S&P 500’s total return.
Shiller, R. J. (2016). Irrational exuberance. Princeton University Press.

Repeatable and Sustainable

  • Companies that grow earnings, cashflows and dividends, pay above average dividends, and trade at a discount to our calculation of intrinsic value.
  • High dividend yield portfolio that will grow its dividends and capital base.
  • A total return portfolio that offers potential growth and above-market income.
  • Bottom-up stock selection from focus research list.
  • Capitalization exposure will vary over time depending on valuations.
  • Research-driven insights.
  • Consistent long-term track record of alpha and income generation.

Portfolio Characteristics

0 %
Projected Dividend Growth
0 %
Projected Dividend Yield​
0 x
forward (1-year) P/E Ratio
0
Stocks in Portfolio
0 %
Return on Equity

Annualized Performance

Since Inception*20 Years10 Years5 Years3 Years1 Year
Dividend Value Gross10.3%9.8%10.0%9.4%17.3%10.0%
Dividend Value Net9.3%8.8%9.0%8.4%16.3%9.0%
Russell 3000 Value Index6.8%8.2%8.3%6.0%11.2%14.1%
S&P 500 Index6.9%9.7%11.9%9.9%10.2%21.6%

For the period ending September 30th, 2023. Inception October 31st, 2000.  Past performance does not guarantee or indicate future results. Please read the firm’s full performance disclosure. Assumes annual fee of 1.0%. Actual fees may vary. Numbers rounded to the nearest tenth. 

Fact Sheet

Tradition Investment Management's 2-page fact sheet for quick reference.

Download (PDF)

Full Presentation

Tradition Investment Management's full presentation book for 3Q23.

Download (PDF)

Firm Overview

Tradition Investment Management's introduction letter.

Download (PDF)

Julie Brown

Mrs. Brown is an Equity Investment Analyst at Tradition Investment Management with a unique blend of creative and financial experience. She works with the Portfolio Managers to analyze companies and prepare reports.

Before joining Tradition Investment Management, Julie ran a successful freelance business as a production artist. This experience in the creative world has given her a deep understanding of the internal operations of various industries and allows her to offer unique insights when it comes to investment opportunities. Julie holds an undergraduate degree in German Language with a specialization in International Finance from Florida State University, which has equipped her with a comprehensive understanding of global financial markets. During her time at university, Julie volunteered at the Center for New Liberalism, an offshoot of the Progressive Policy Institute (PPI). This experience further honed her analytical skills and reinforced her commitment to responsible, impactful investment strategies.

CHIEF OPERATING AND COMPLIANCE OFFICER

Hunter Halliburton, mba

(423) 782-6183

[email protected]

Mr. Halliburton is the Chief Operating Officer and Chief Compliance Officer at Tradition. Prior to Tradition, he worked during the last 16 years as a registered representative helping individuals and families plan for their financial futures.

He initially started with PFS Investments in 2006 and in 2014 he went independent, offering investments through Quest Capital Strategies, and finally through SA Stone Wealth Management, Inc. Mr. Halliburton is registered as an Investment Advisor Representative (Series 65). He holds a Bachelor of Science degree from the United States Military Academy at West Point, graduating in 1993, and earned an MBA from the University of Tennessee in Knoxville in 1998. He retired from the United States Army Reserve, and has worked in both the petroleum and pharmaceutical industries. He is married to Amy Halliburton, and they have three children, Hannah, Ella, and Aaron.

managing Director

Head of Marketing and Investor Relations

Art Williams

(561) 406-6765

[email protected]

Mr. Williams is a Managing Director and Head of Marketing and Investor Relations at Tradition. He has 36 years of experience in financial services.

Before joining Tradition, he was a Lead Advisor at CIG Capital Advisors. Prior to CIG, he was Head of Business Development at Disciplined Alpha, a long short equity hedge fund, and had the same role at Doric Capital, a long short equity hedge fund based in Hong Kong. Previous positions include Chief Operating Officer of Federal Street Partners, a fund of hedge funds whose assets peaked at $3.5 billion, and Co-President of Pine Grove Associates, a fund of hedge funds whose assets peaked at $2.5 billion, which was sold to Man Group PLC. Mr. Williams also established and managed the international institutional equity sales businesses for Morgan Stanley and Merrill Lynch in the Midwest, Texas, and Canada. In addition he managed the Northern Trust International Select Equity Fund. He has won the national platform tennis championships in three age categories, been ranked number one in the country five times, and was the co-captain of the Lafayette College men’s tennis team. He has also won the Distinguished Service Award from the Slattery Detachment of the Marine Corps League twice. Mr. Williams attended Vanderbilt University and holds an A.B. in American Studies from Lafayette College.

Mr. Williams holds the Series 7, 63 and 65 licenses from FINRA.

FOUNDER

Chief Investment Officer


Benjamin C. Halliburton, CFA

(673) 699-3890

[email protected]

Mr. Halliburton is the Founder and Chief Investment Officer at Tradition. He has been named PSN Manager of the Decade for two separate decades. He has over 35 years of professional investing experience.

Mr. Halliburton was the founder of Tradition and its predecessor companies. Prior to the predecessor companies, he was a partner, portfolio manager, research director, and investment policy committee member at Brundage, Story and Rose, which Bessemer Trust acquired, where he was responsible for the firm’s equity selection process and designed, developed, and managed the firm’s Disciplined Growth Strategy. Mr. Halliburton holds the Chartered Financial Analyst designation and earned an MBA from Duke’s Fuqua School of Business in 1990, where he was distinguished as a Fuqua Scholar. He earned a Bachelor of Science from Vanderbilt University, graduating Magna Cum Laude in 1985.