trusted since 1912
T r u s t e d Financial
Gu i danc e
Since 1912
t h e b u s i n e s s o f o u r day i s h e l p i n g to b u i ld your f u tu re F o u n d e d i n 1 9 1 2 , Brown Lisle Cummings
Our firm provides both traditional brokerage and
offers financial planning and investment management
investment advisory services. Accounts can be
services that are tailored to meet each client’s
managed on a commission basis or charged a fee
individual needs and objectives. Our more than 10 0
based on assets under management. As a full
year history gives us a unique perspective on growing
service firm, we are licensed to transact business in
wealth through a range of financial strategies.
most states and can buy and sell a wide range of
As Rhode Island’s oldest independently owned investment firm, Brown Lisle Cummings embodies the professionalism, continuity, steadfastness and strength that enable clients to thrive and prosper over time, regardless of market conditions. Whether a business owner, non-profit endowment fund, new parent or retiree, our clients have been, and continue to be, rewarded with our individualized attention, responsiveness and disciplined approach to investing. Predating World War I and the Great Depression, we set a high standard for customer service and continue to do so today. Our philosophy is simple — we offer sound, professional investment advice based on market experience, in-depth research and an appreciation of our client’s objectives.
securities including: • Common • U S
and preferred stock
Treasury, municipal and corporate bonds
• Mutual
funds
• Exchange
traded funds and other structured securities
We also have agency relationships with some of the world’s largest insurance carriers and can help clients who are considering fixed or variable annuities, long-term care and life insurance. Regardless of how unique a client’s situation, our advisors possess the knowledge, experience and resources to provide sound financial guidance.
98.1
7%
5341
0. 844
99.9
951%
2.60
1672
1.3
T RUS T ED F INANCIAL
63%
.074
1 2426
337%
1.56
7 05.4
26
935%
0.95
4 067.
G UIDANCE SINCE 1 9 1 2
12
1255
VA L U A B L E I N S I G H T S A N D I N F OR M E D A D V I C E
4%
6883
1. .19
67%
.815
0 4.11
548
06
.287
2 9.79
584
4 0.53 44 8 9 . 99 investment goals and, after these have been clearly 2.60 2 8 5 1 defined, we prepare our recommendation. 1. 896 Because we are independent, our advice will be 2 3 . 1 completely objective. We have no financial incentive .47 2108 to recommend a particular stock or mutual fund.
RESPONSIVENESS AND
circumstances. Ideally, we meet to discuss your
RESPONSIBILITY As an independent investment firm, we perform market analysis that is completely unbiased. By combining our long history of experience with in-depth research, we are able to identify promising
Instead we consider information gathered from many
investment opportunities. Equally important,
different sources including economists, investment
we continue to monitor those investments long after
research analysts and corporate management.
they have been made. By making intelligent and timely recommendations as well as maintaining
In addition to advisory services, we provide clients
ongoing supervision, we provide clients with respon-
with online account access, regular electronic transfer
siveness that is critical in an ever-changing market.
of dividends and interest to designated bank accounts, electronic delivery of activity confirmations and monthly statements. For income tax reporting, our clearing agent prepares both year-end capital gain and loss summaries and year-end income summaries. These reports will greatly ease
1912 1914
1916
1924
1919
your bookkeeping and tax recordkeeping responsibilities and costs.
1929
1928
1 93 2
74
1.26
5 98.1 We begin by thoroughly reviewing your present
1 93 7
1 941
1 950
1 94 2 1 94 5
1953
1968
1957 1961
706
58
948%
2.26
8.65
9
417%
63
0.
894 98.9
.
1
.19
2.78
9 79.9
1659
7%
96 0.81
.11
6483
786%
18 2.
.79
5449
2605
748%
4 547.
12
1.26 51% .608 2Customized 15Management . 8 Investment 9 417% 1492 0.53 463% for.Individuals and Institutions 7 4 0 84 1 99.9 426 751% 1.38 37%Advisory Services 2.60 3 Investment 6 5 1. 1432 .47 363% 2695 % 1.07 935and Financial Planning 5 6 Retirement 9 2 % . 4 0 1.72 7.4 7% 1108 5833 % . 4 1 3 8 Trust 1 and .68Estate Services605.47 6% 2 .19 4 5 2 1 7% 6 8 1 Insurance 0.8and Annuities 15167 48% .11 5483 206% 2.28 417% 8 7 . 5839 748% % 1.26 0781 C O N T8I.N1UOU S S U PERVISION 5 9 63% Our firm believes there is no such thing as an .097 average client, standard portfolio or retirement
5%
126
4%
83 1.68
.19
1765
84
77%
.11
2
06% .283
5
758%
5849
1.96
98
417%
W H AT D O E S I T M E A N T O B E I N D E P E N D E N T LY O W N E D ? Brown Lisle Cummings is independently owned and operated by its partners. We are not pressured or constrained by upper management, nor are we burdened with reporting to shareholders or satisfying a board of directors. Instead, our primary responsibility is to answer to our clients, whom we believe
income plan. Investment objectives and needs
are better served by the stability and long term
vary widely. The requirements of a young profes-
focus of our firm’s private ownership.
sional in his or her 20’s differ greatly from those of one who is about to retire. The financial needs
CONTINUITY
of an older widow are not the same as the financial goals and concerns of parents with children to
Since 1912, Brown Lisle Cummings has dealt
educate. Your financial situation and goals also
personally and confidentially with clients’ money
change over time because of promotions, retirement,
and their plans for the future. This commitment
real estate sales, inheritance, etc. Therefore,
demands the highest degree of ability, integrity and
what initially was an extremely attractive invest-
judgment. You will find these qualities throughout
ment or financial plan for you may no longer be
our organization — in our partners, our advisors,
appropriate. We monitor these variables through our
and our staff. As a firm, we have survived and
investment research and regular communications
prospered despite vast changes in the investment
with you. We continuously supervise your account
business and global economy because we have
and suggest changes when necessary.
helped our clients do the same — survive and prosper.
1 9 69
1971
1 980
1977 1 9 74
1979
1984
1989
1998 1990
1999
2012
2000
2001
56
0.81
11 474.
0.53
4 .984
1
1.26
5
78.1
834
1.69
19 253.
306%
5
99.1
798%
1206
2.68
79 849.
2
.29
6849
567%
0.81
1 84.1
815 0.
5984
34%
.688
1 5.19
83 1.95
2005
2009
THE FIRST STEP You are invited to come in and discuss your financial situation, needs and goals with us. Any information you provide during this initial meeting — or at any other time — will be kept in strictest confidence. If you are just beginning an investment program, we will make recommendations as to the investments most appropriate for you and help design a plan. If you are already an investor, we welcome the opportunity to analyze and evaluate your present holdings, making certain that they fit today’s conditions and your investment goals. If you are an executor or trustee of an estate, we can serve you by appraising estates for state and federal tax purposes and by guiding you relative to the proper timing and documentation necessary for settling estates. We can also recommend suitable investments, supervise investment portfolios and provide custodial services
Whether you are establishing an investment account for the first time, starting up an education fund for your child or grandchild, rolling over your 401(k) plan, or looking for a fresh approach to your current portfolio, let our firm help you accomplish your financial goals. Call us anytime to set up a free consultation. You will find a warm welcome at Brown Lisle Cummings.
Brown, Lisle /Cummings, Inc. One Turks Head Place - Suite 800 Providence, Rhode Island 02903 T 401-421-8900 / 800 -457-4293 F 401-521-2960
www.brownlc.com
Trusted Financial Guidance Since 1912
design : Malcolm Grear Designers
for estates and trusts.
Gu i danc e
Since 1912
t h e b u s i n e s s o f o u r day i s h e l p i n g to b u i ld your f u tu re F o u n d e d i n 1 9 1 2 , Brown Lisle Cummings
Our firm provides both traditional brokerage and
offers financial planning and investment management
investment advisory services. Accounts can be
services that are tailored to meet each client’s
managed on a commission basis or charged a fee
individual needs and objectives. Our more than 10 0
based on assets under management. As a full
year history gives us a unique perspective on growing
service firm, we are licensed to transact business in
wealth through a range of financial strategies.
most states and can buy and sell a wide range of
As Rhode Island’s oldest independently owned investment firm, Brown Lisle Cummings embodies the professionalism, continuity, steadfastness and strength that enable clients to thrive and prosper over time, regardless of market conditions. Whether a business owner, non-profit endowment fund, new parent or retiree, our clients have been, and continue to be, rewarded with our individualized attention, responsiveness and disciplined approach to investing. Predating World War I and the Great Depression, we set a high standard for customer service and continue to do so today. Our philosophy is simple — we offer sound, professional investment advice based on market experience, in-depth research and an appreciation of our client’s objectives.
securities including: • Common • U S
and preferred stock
Treasury, municipal and corporate bonds
• Mutual
funds
• Exchange
traded funds and other structured securities
We also have agency relationships with some of the world’s largest insurance carriers and can help clients who are considering fixed or variable annuities, long-term care and life insurance. Regardless of how unique a client’s situation, our advisors possess the knowledge, experience and resources to provide sound financial guidance.
98.1
7%
5341
0. 844
99.9
951%
2.60
1672
1.3
T RUS T ED F INANCIAL
63%
.074
1 2426
337%
1.56
7 05.4
26
935%
0.95
4 067.
G UIDANCE SINCE 1 9 1 2
12
1255
VA L U A B L E I N S I G H T S A N D I N F OR M E D A D V I C E
4%
6883
1. .19
67%
.815
0 4.11
548
06
.287
2 9.79
584
4 0.53 44 8 9 . 99 investment goals and, after these have been clearly 2.60 2 8 5 1 defined, we prepare our recommendation. 1. 896 Because we are independent, our advice will be 2 3 . 1 completely objective. We have no financial incentive .47 2108 to recommend a particular stock or mutual fund.
RESPONSIVENESS AND
circumstances. Ideally, we meet to discuss your
RESPONSIBILITY As an independent investment firm, we perform market analysis that is completely unbiased. By combining our long history of experience with in-depth research, we are able to identify promising
Instead we consider information gathered from many
investment opportunities. Equally important,
different sources including economists, investment
we continue to monitor those investments long after
research analysts and corporate management.
they have been made. By making intelligent and timely recommendations as well as maintaining
In addition to advisory services, we provide clients
ongoing supervision, we provide clients with respon-
with online account access, regular electronic transfer
siveness that is critical in an ever-changing market.
of dividends and interest to designated bank accounts, electronic delivery of activity confirmations and monthly statements. For income tax reporting, our clearing agent prepares both year-end capital gain and loss summaries and year-end income summaries. These reports will greatly ease
1912 1914
1916
1924
1919
your bookkeeping and tax recordkeeping responsibilities and costs.
1929
1928
1 93 2
74
1.26
5 98.1 We begin by thoroughly reviewing your present
1 93 7
1 941
1 950
1 94 2 1 94 5
1953
1968
1957 1961
706
58
948%
2.26
8.65
9
417%
63
0.
894 98.9
.
1
.19
2.78
9 79.9
1659
7%
96 0.81
.11
6483
786%
18 2.
.79
5449
2605
748%
4 547.
12
1.26 51% .608 2Customized 15Management . 8 Investment 9 417% 1492 0.53 463% for.Individuals and Institutions 7 4 0 84 1 99.9 426 751% 1.38 37%Advisory Services 2.60 3 Investment 6 5 1. 1432 .47 363% 2695 % 1.07 935and Financial Planning 5 6 Retirement 9 2 % . 4 0 1.72 7.4 7% 1108 5833 % . 4 1 3 8 Trust 1 and .68Estate Services605.47 6% 2 .19 4 5 2 1 7% 6 8 1 Insurance 0.8and Annuities 15167 48% .11 5483 206% 2.28 417% 8 7 . 5839 748% % 1.26 0781 C O N T8I.N1UOU S S U PERVISION 5 9 63% Our firm believes there is no such thing as an .097 average client, standard portfolio or retirement
5%
126
4%
83 1.68
.19
1765
84
77%
.11
2
06% .283
5
758%
5849
1.96
98
417%
W H AT D O E S I T M E A N T O B E I N D E P E N D E N T LY O W N E D ? Brown Lisle Cummings is independently owned and operated by its partners. We are not pressured or constrained by upper management, nor are we burdened with reporting to shareholders or satisfying a board of directors. Instead, our primary responsibility is to answer to our clients, whom we believe
income plan. Investment objectives and needs
are better served by the stability and long term
vary widely. The requirements of a young profes-
focus of our firm’s private ownership.
sional in his or her 20’s differ greatly from those of one who is about to retire. The financial needs
CONTINUITY
of an older widow are not the same as the financial goals and concerns of parents with children to
Since 1912, Brown Lisle Cummings has dealt
educate. Your financial situation and goals also
personally and confidentially with clients’ money
change over time because of promotions, retirement,
and their plans for the future. This commitment
real estate sales, inheritance, etc. Therefore,
demands the highest degree of ability, integrity and
what initially was an extremely attractive invest-
judgment. You will find these qualities throughout
ment or financial plan for you may no longer be
our organization — in our partners, our advisors,
appropriate. We monitor these variables through our
and our staff. As a firm, we have survived and
investment research and regular communications
prospered despite vast changes in the investment
with you. We continuously supervise your account
business and global economy because we have
and suggest changes when necessary.
helped our clients do the same — survive and prosper.
1 9 69
1971
1 980
1977 1 9 74
1979
1984
1989
1998 1990
1999
2012
2000
2001
56
0.81
11 474.
0.53
4 .984
1
1.26
5
78.1
834
1.69
19 253.
306%
5
99.1
798%
1206
2.68
79 849.
2
.29
6849
567%
0.81
1 84.1
815 0.
5984
34%
.688
1 5.19
83 1.95
2005
2009
THE FIRST STEP You are invited to come in and discuss your financial situation, needs and goals with us. Any information you provide during this initial meeting — or at any other time — will be kept in strictest confidence. If you are just beginning an investment program, we will make recommendations as to the investments most appropriate for you and help design a plan. If you are already an investor, we welcome the opportunity to analyze and evaluate your present holdings, making certain that they fit today’s conditions and your investment goals. If you are an executor or trustee of an estate, we can serve you by appraising estates for state and federal tax purposes and by guiding you relative to the proper timing and documentation necessary for settling estates. We can also recommend suitable investments, supervise investment portfolios and provide custodial services
Whether you are establishing an investment account for the first time, starting up an education fund for your child or grandchild, rolling over your 401(k) plan, or looking for a fresh approach to your current portfolio, let our firm help you accomplish your financial goals. Call us anytime to set up a free consultation. You will find a warm welcome at Brown Lisle Cummings.
Brown, Lisle /Cummings, Inc. One Turks Head Place - Suite 800 Providence, Rhode Island 02903 T 401-421-8900 / 800 -457-4293 F 401-521-2960
www.brownlc.com
Trusted Financial Guidance Since 1912
design : Malcolm Grear Designers
for estates and trusts.
