Balanced Investment Strategy

Portfolio Managers

Michael G. Russell, CFA

Chairman, Senior Vice President, and Economic Strategist

Mike Russell

Mike participates in WCM's investment process primarily in the areas of macro economic strategy and stock selection. Mike has been with the company since 1983. His leadership in both portfolio management and as a manager of talent has led the firm to new heights.

He has managed money for a wide variety of accounts including individuals, retirement plans, foundations, corporations, and other pools of assets. Having spent 12 years with Rainier Bank, he gained experience in analyzing and managing assets in all markets. Mike has specialized in mid and large capitalization stocks and has led the company in its approach to managing risk.

Mike graduated from the University of Washington with a degree in finance and in 1978 earned the right to use Chartered Financial Analyst designation. He has taught at both the University of Washington and the University of Puget Sound. He is a member of the CFA Society of Seattle. Mike enjoys reading, fishing, and supporting the Washington Huskies. Close Bio

Brian M. Canion, CFA

Portfolio Manager, Value Equities

Brian Canion

Brian joined WCM in 2005 as a project analyst helping the firm to implement accounting and trading system enhancements. In early 2006, Brianís responsibilities expanded to include equity research. In 2014, Brian became a portfolio manager for the value strategy. Prior to WCM, Brian spent 5 years at Russell Mellon Analytical Services. There he began work as an attribution analyst and later became an analyst and operations lead for the Russell Index team. Brian earned the right to use the Chartered Financial Analyst designation in 2004 and is a member of the CFA Society of Seattle as well as the CFA Institute. He graduated from the University of Washington in 1999 with a B.A. in business administration and a concentration in finance. Close Bio

Overview

Washington Capital Management manages separate balanced portfolios for qualified individuals, endowments, and foundations.

Strategy

Applying the classic value strategy, we believe opportunities for investment action present themselves when prices are pushed to the limit of over- or undervaluation. We feel a balance of equity and fixed income securities provides clients with a return advantage while seeking to minimize downside risk.

Process

Engaging the expertise of WCMís entire investment team, the portfolio managers actively manage individual portfolios keeping in mind specific client return objectives, risk tolerances and tax status. Our process is focused on the purchase of securities at attractive prices and the sale of investments which have moved to the mid to high end of historical ranges. The intent is to be opportunistic and flexible, allowing the manager to rotate out of investments which we believe have been exploited by the market and into investments with attractive risk/reward characteristics. Eligible securities include stocks, exchange traded funds (ETFs), closed-end funds, corporate bonds and municipal bonds.