Our unique differences are our people, our strategy, and our discipline. In this section we emphasize our people and our goal.
Our People
People are our most important asset. Working together as a team allows us to leverage the unique strengths of individuals within the organization. We believe that diversity of thought and experience produces the best results, and we consistently seek to hire people who bring new value added experiences and skills to the organization.
Portfolio Management Team
EDMP, Inc. proudly introduces our dedicated team of professionals, committed to a common and worthy ideal. EDMP, Inc. was founded on the principle of raising the standards with which investing services are delivered to the investing public. Moving confidently in the direction of our dream, the EDMP, Inc. team shares a vision that brought them together – a future where sound investing practices are returned to their rightful place and a more client-centric industry emerges. In a service firm like ours, people are vital to our overall success and we have some very talented people in our organization.
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| Julie C. Carnevale – Co-Founder and President, has been working in the securities industry since 1982. She joined a regional NYSE member firm in all aspects of operations and administration. As a result of her commitment, she was respected as one of their most valued employees and honored as the firm’s top employee an unprecedented two times. To further advance her knowledge in the securities industry, she transferred to the retail side of the business and worked alongside the top producer of the firm. Additionally, she was registered Financial Consultant and Associate Consulting Services Coordinator of a major NYSE member firm in Tampa, Florida. Prior to forming EDMP, Inc., she was a partner in a 30-year-old established registered investment advisory in Tampa, Florida. Julie holds a Bachelor of Science in Business Management from the University of Phoenix.
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| Charles (Chuck) C. Carnevale – Co-Founder and Chief Investment Officer, has been working in the securities industry since 1970. He has been a partner with a private NYSE member firm, the President of a NASD firm, and a Vice President, Regional Marketing Director for a major American Stock Exchange listed company, and he was an Associate Vice President and Investment Consulting Services Coordinator for a major NYSE member firm. Prior to forming EDMP, Inc., he was a partner in a 30-year-old established registered investment advisory in Tampa, Florida. Chuck holds a Bachelor of Science in Economics and Finance from the University of Tampa. Chuck is a sought-after public speaker who is very passionate about spreading the critical message of prudence in money management. Chuck is a Veteran of the Vietnam War and was awarded both the Bronze Star and the Vietnam Honor Medal.
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| Timothy W. Loudin – Senior Vice President and Portfolio Manager, has worked as a computer systems analyst and computing instructor for MBA candidates at West Virginia Wesleyan College. In addition to creating and maintaining a wide range of software for a combined base of over 500 users (including interactive digitized speech), he has developed proprietary systems software for EDMP, Inc. Tim previously instructed business and computer science at Glenville State College and performed business/computer consulting for small businesses. He received a Master of Science in Information Systems at Marshall University, West Virginia, and a Bachelor of Science, Magna cum laude, in Business Administration at Glenville State College, West Virginia. Tim is a competent programmer in many computer languages and has won national contests in programming.
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Our Goal
Protect and Grow Wealth
The primary objective of our firm’s investment policy is first and foremost to protect our client’s money while safely growing assets over time. We believe that a key to increasing your wealth is to first and foremost protect your wealth. We achieve this objective by adhering to the following principles:
- Investing only in great businesses that are industry leaders with proven track records of operating excellence.
- Understanding the importance of valuation and only purchasing stocks we believe are priced at or below their True Worth™. Experience has proven that most of the money is made using a sound buy discipline.
- Selling great businesses that we like, but are trading well above their True Worth™. We realize that even great businesse can become dangerously overvalued.
- Avoiding deeply cyclical companies whose earnings are erratic. We consider these to be trading stocks, rather than securities in which to invest for the long-term, and we are not traders.
- Adhering to our sound investing principles and having the conviction to stay the course through both bull and bear markets. Occasionally, we will sell a stock that is overvalued relative to its True Worth™, but whose market price is still rising. Since equities eventually revert to their True Worth™, and we believe that market timing is a less than perfect science, we have found this to be a prudent way of protecting your assets over the long-term.
- Knowing our companies extremely well by investing significant intellectual capital and resources to clearly understand each of our great businesses. We use both quantitative and qualitative analysis when selecting stocks for our portfolios. Both are vitally important when choosing the next best stock.
- Providing diversification within a concentrated portfolio. We balance our portfolios and avoid allocating too much of the portfolio to a particular sector or idea.
We take our responsibility to protect and grow your wealth seriously. Our interests are directly aligned with those of our clients. We strive to ensure that every relationship is both long and prosperous.
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