Lederer & Associates Investment Counsel

Lederer & Associates provides discretionary investment supervisory services to individuals, trusts, estates, foundations, charitable organizations, corporations, and pension and profit-sharing plans, including self-directed 401(k)s and IRAs. The firm manages separately managed equity, fixed-income, and balanced portfolios and reports roughly $244 million in assets under management, all managed on a discretionary basis.

The firm offers two distinct equity styles — a Growth strategy grounded in a growth‑at‑a‑reasonable‑price (GARP) approach focused on mid‑to‑large‑cap companies and an Equity Income strategy emphasizing dividends, dividend growth, and total return — with a blended Growth & Income option available. Portfolios are typically concentrated (generally 15–50 holdings), subject to explicit sell disciplines tied to valuation and competitive advantage, and paired with short‑to‑intermediate‑term fixed‑income allocations that are actively positioned based on yield‑curve and spread relationships.

Noteworthy features include a long operating history (founded in 1986) and a compact advisory team that conducts continuous monitoring and monthly investment committee reviews while managing client assets on a discretionary basis. The firm reports no other financial industry affiliations, does not participate in soft‑dollar arrangements, and does not charge performance‑based fees, reflecting a relatively simple operating and compliance structure compared with some peers.