Strong Capital Management, Inc.
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Transcript of Strong Capital Management, Inc.
Strong Capital Management, Inc.
Strong’s Heritage…a Story of Growth 1974
Founded by Dick Strong 1981
Entered mutual fund business 1983
Two mutual funds Assets under management were $748 million
1988 Eight investment professionals Assets under management were $4.2 billion Twelve mutual funds Approximately 150 employees
1990 Institutional Business Group (IBG) was formally organized
Strong’s Heritage…a Story of Growth 1994
In February, assets under management reached $10 billion 1995
Launch of Intermediary Services Expanded into Retirement Plan Services Assets under management reached $16.3 billion (500 associates)
1999 Strong acquired Ziegler Thrift Trading, Inc. (ZTT) to begin our brokerage
department 2001
Strong wins Oregon’s 529 Plan Strong wins Wisconsin’s 529 Plan - EdVest Over 1400 associates Assets under management are over $45 billion 39th largest mutual fund family among 661 firms based on assets
Strong Business Units
Investments
Retirement Plans Services
Institutional Client
Services
Retail S
ervice
s
Operations
Human Resources & Corporate Services
Corporate Finance
&
Investment Accounting
Information Technologies
Legal
&
Compliance
InvestmentsMake decisions regarding purchase and
sale of securities for the mutual funds and separately managed accounts.
Investment Teams Portfolio Manager Research Analyst Trader
Public Relations
Institutional Client Services
Responsible for developing and servicing clients in all non-retail distribution channels
Clients: Intermediary Channels
Consultants, broker-dealers, insurance companies, banks, and financial advisors, etc.
Institutions with separately managed accounts Corporations, unions, government agencies, endowments,
hospitals, etc.
Retirement Plan Services Provides investment options, recordkeeping, and
participant education services for retirement plans Customers:
Small businesses, large corporations, and non-profit groups
Types of plans 403(b), SIMPLE, Keogh, 401(k)
Some use Strong mutual funds and recordkeeping services while others use only the Strong Investment products
Retail Services Sells and services brokerage accounts and direct mutual funds to the general public Retail Marketing
Promotes the Strong Funds and StrongOne through direct mail, TV ads and print ads in newspapers and magazines
Sales and Service Internet, telephone, and walk-in branches
Specialty Teams Retirement assistance, answers to procedural questions, specialized attention for
higher net worth clients, and brokerage services Strong Advisor Team
Manage mutual fund portfolios for clients with $100,000 or more Private Client Team
Manage stock, bond and mutual fund portfolios for clients with $1 million or more
Information Technology Provide desktop PC support, network
server administration, and maintaining internal telecommunications systems
Develop software programs such as the portfolio reporting systems and customer problem tracking
Purchase, integrate, and support software such as the payroll system
Business and technology process improvements Ensure the firm has state-of-the-art technology to meet
its business demands
Legal Responsible for the firm’s corporate legal
requirements and all compliance issues relating to the firm and the mutual funds
Acts as liaison between the firm and outside regulatory agencies
Handles all NASD registrations for Strong associates
Operations Process all transactions and account maintenance
requests relating to Mutual Fund accounts, 401 (k) accounts, and Brokerage accounts
Complete transactions and adjust already processed transactions by troubleshooting and obtaining additional information throughout the process
Other Services Research and record filing of all investor transactions Interoffice mail system Distribution of incoming mail throughout the firm Printing and sending outgoing mail to investors
Corporate Finance & Investment Accounting Responsible for the
financial planning and accounting activities of Strong
Other responsibilities: General ledger accounting Accounts payable Periodic financial reporting Internal cash management Budgeting & analysis of
operations Corporate banking liaison
Provides accounting framework for meeting regulatory and financial requirements of the mutual funds
Prepares semi-annual and annual financial reports for investors and provides accounting services for separately managed accounts
Tax planning, preparation, reporting, and compliance for Strong Capital Management, Strong Funds, and other investment products under management
Human Resources Attract, develop, and retain the right people while
providing an environment that supports Strong’s core values and allows associates to succeed
Responsible for associate recordkeeping, employment functions, associate relations, benefit programs, policy information and compensation
Strong University Facilitates professional and personal learning opportunities for
all associates
Corporate Services Responsible for maintaining and managing
the day-to-day operational needs of the firm Maintain all grounds and outdoor parking structures Assist in word processing business correspondence needs Provide concierge services through Associate Services
Investing Award winning Internet site - www.Strong.com Investor Center Company Retirement Plans Intermediary / Institutional Mail / Phone 1-800-368-3863
Strong’s Hiring PhilosophyWe look for...
Academics Consistent school performance Activities outside of academics Leadership Accomplishment Flexibility / Adaptability Passion / Competitiveness Pride
Thank You
This material is prepared for financial professional use only and may not be reproduced or shown to members of the public or used in written form as sales literature. Strong Funds are offered by prospectus only.
Strong Investments, Inc. HR7070-0900