A brief history of Cap Averill II and Associates
I had heard about Cap Averill II and Associates Inc. for years before I began working here. One day in 1999 I was listening to my car radio and I heard the voice of local celebrity Gordon Ward speaking about the investments which were being offered by Cap Averill II & Associates Inc. Further, Gordon made a statement which stuck with me. Specifically, he said that Cap had asked him to deliver a very serious message to the general public. He said that (then) Federal Reserve Chair Alan Greenspan had promised prime rate increases and Cap Averill II & Associates Inc. had advised Gordon that this scenario after a significant correction historically resulted in severe economic corrections. Cap and Gordon were urging the general public to re-examine their risk tolerances to prevent significant loss to their portfolios.
The odd thing was that this was in May of 1999, a few months BEFORE the major stock market corrections of the late 1990's and early 2000's.
Almost everyone in the investment business was talking about a twenty or thirty thousand point Dow Jones at that time, but Averill and Ward were contrary. What Gordon/Cap were saying stuck in my head because it was atypical, and history has now proven them to be correct, more than in just that one instance. And they have become we. I have worked here for about ten years now, and in that time I have earned the position of Vice President.
Imagine if your "Financial advisor" would have pulled you out of the Dow Jones and the Nasdaq BEFORE the crash, and locked you into 8% fixed interest, then provided equity type returns of 12-14% between 2005 - 2007, then parked you again in fixed return accounts before the recent crash.
The thing I like best about Cap is that he is a real person. He has always been very humble, and when I came to work here he stressed two ethics alone which he explained to me were the backbone of the Company. First, he told me that the size of any given portfolio was not important, we welcomed investors of any size and we were to provide equal service to our smaller accounts as our multi millionaires. After all, he stated, how are small investors ever going to become millionaires without proper service from their advisors. But he cautioned, we are not providing equal service to everyone just because we want to grow them into millionaire clients for us, we provide equal service because it is the ethical thing to do.
Secondly he said, you will assess every persons portfolio as if it were your own. But you will not use your own objectives, you will ask them any and all questions you need to ask in order to understand their goals and objectives clearly, then wearing their shoes, you will care for their account as if it was your own.
If you do this, and do it well, you may find yourself in the position of Vice President of this company one day.
This ethics driven style was pleasing to me. I have had friends and family members who had been told by advisors around town that their accounts were too small.
The very same advisors have probably lost so much money for their large accounts by now that they are probably wishing that they had their smaller clientele back. But, what comes around goes around.
At Cap Averill II & Associates Inc. we do not claim to be able to predict the future, or guarantee the future, it is simply our opinion — that there are factors (such as the prime rate) that effect our country, and signals which happen before recessions. More recently, Cap released a documentary in 2005 which was entitled Wants and Needs. Cap stated clearly that since many Americans had forgotten the difference between
Wants and Needs the country was headed for an overdue and profound economic catastrophe which would result from all factors converging in 2008
It would be inappropriate to try to guarantee the future, as no one can do that, but even after the recent crashes of all of the major indices worldwide, we can still say, no one has ever lost a penny investing with us. We are not about to alter our strategies now.
What's best is that our clients pay no fees, and our investments cost nothing to get into and nothing to be in. In addition we use client friendly short term annuities, — which provide excellent security and returns.
Come on in and visit with us.
