First Republic Launches First Republic Founders Index
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15-Year Cumulative Performance. First Republic Founders Index℠ and the Russell 3000 Index (3). Based on back-testing performed on the 15-year period from 2004 through 2019. Source:
As a founder-led firm,
“We believe founders’ leadership, drive, clarity of vision, and strong focus on clients and culture are key strategic advantages in generating superior performance,” said
Encompassing more than 300 U.S. equities, the First Republic Founders IndexSM is intended to track founder-influenced companies that display certain consistent characteristics including the ability to move quickly and innovate, commitment to client satisfaction, focus on culture, and long-term view of the business.(2) By applying a rules-based, equal-weighted approach, the First Republic Founders IndexSM is designed to capture these characteristics of founder-influenced success.
Back-testing, conducted in conjunction with independent third-party support, found that the First Republic Founders IndexSM over a 15-year time period (2004 through 2019) would have outperformed the Russell 3000 Index by almost two times (1.74X) had it been in existence during that period.(3)
First Republic Private Wealth Management, which includes
The First Republic Founders IndexSM defines a founder-influenced company, for inclusion in the Index, as one in which the founder or founders serve in a key executive role and/or on its board of directors.
As of October 7, 2019, the First Republic Founders Index included 329 companies.
Back-testing is presented for illustrative purposes only. Back-testing found that over the 15-year period from June 30, 2004 through June 28, 2019, the cumulative performance of the First Republic Founders IndexSM was approximately 448%, or 1.74X the Russell 3000 Index, which had a cumulative performance of approximately 258%, and 1.68X the S&P 500 Equal Weight Index, which had a cumulative performance of approximately 267%. Performance figures assume reinvestment of dividends in the Index, and assume data regarding founders’ status is available without a lag. Back-tested index performance does not reflect actual performance of any managed account and, as an index, does not take into consideration any expenses, or trading or latency costs, which reduce performance results.
The Index commenced on
This announcement is not an offering, solicitation or recommendation for any security nor does it constitute an offer to provide investment advisory or other services. Investing in securities involves the risk of loss. It is not possible to invest directly in an unmanaged index without fees or expenses.
Investment, insurance and advisory products and services, and foreign exchange transactions, are not
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not historical facts are hereby identified as “forward-looking statements” for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipates,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimates,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. Accordingly, these statements are only predictions and involve estimates, known and unknown risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed in them.
All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations, and, therefore, you are cautioned not to place undue reliance on such statements. Any forward looking statements are qualified in their entirety by reference to the factors discussed throughout our public filings under the Exchange Act. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.
Blue Marlin Partners