Alley Company is an independent, registered investment advisor.
Founded in 1998 by Steven J. Alley, we manage proprietary stock and bond portfolios and provide asset allocation advice for a limited number of select clients.
Our investment philosophy is to own high-quality companies with dominant market power and astute management teams. We are long-term investors, not traders.
We deliver a high level of client service and build portfolios that clients can understand and trust. We have been rewarded with a high client retention rate.
In 2021, Alley Company became a partner firm of Focus Financial Partners. Focus is a leading international partnership of independent, fiduciary wealth and asset management firms. Focus enhances Alley Company by providing operational support, access to leading technology, and continuity planning, while allowing us to maintain our entrepreneurial independence and boutique culture.
Letters & Commentaries
As a client service, Alley Company publishes quarterly letters featuring investment-market information and analysis. We also publish investment commentaries periodically to enhance clients’ understanding of our investment philosophy.
To view recent letters and commentaries, please click on the links.
Alley Company Updates
Quarterly LettersQ4 2022 – Word of the Year Q3 2022 – What's Priced In? Q2 2022 – More to the Question Q1 2022 – The Quarterly Letter Paradox Q4 2021 – Navigating Q3 2021 – Investing in Skill: The A, B, C, Ds Q2 2021 – Moderation Ahead Q1 2021 – Getting Back on Track Q4 2020 – It's About the Future Q3 2020 – Stand the Test of Time Q2 2020 – Silver Lining Q1 2020 – Time Horizon Q4 2019 – A New Decade Q3 2019 – When Less is More Q2 2019 – Two Percent Q1 2019 – Battleship Q4 2018 – Mr. Market Q3 2018 – Stocks, Bonds, and Interest Rates Q2 2018 – Take Me Out to the Ballgame Q1 2018 – The Return of Volatility Q4 2017 – Flashing Green Q3 2017 – Secret Sauce Q2 2017 – The Value of Growth Q1 2017 – Glass Half Full Q4 2016 – Stick To Your Knitting Q3 2016 – The Big Three Q2 2016 – Three Cheers for Dividends Q1 2016 – Water in the Desert Q4 2015 – FactCheck Q3 2015 – Investment Philosophy Q2 2015 – Deja Vu? Q1 2015 – Market Noise Q4 2014 – Blue Chips Q3 2014 – Shale Revolution
CommentariesQuality: In the Eye of the Beholder Managing Dividend Portfolios - More Art than Science Three Cheers for Dividends The Power of Dividend Growth The Case for Dividend Investing Dividend Investing Back to Basics The Case For Quality Risk Adjusted Returns Early Stage Bull Market Investing Investing for the Long Term The Value Of Growth Principles of Compounding Part 1 Principles of Compounding Part 2