Beginning in 2013, Bolter & Company instituted several significant changes to its historic equity investment process. A more demanding and assertive performance goal was implemented, while overall equity importance and weightings were increased. Investment focus was directed to companies capable of providing continuing organic revenue growth. Companies showing faltering or slowing organic growth or deteriorating technical fundamentals were reduced or eliminated. Client performance for 2013 onward reflects these significant changes.

Client Returns

2013 2014 2015 2016 2017 2018


2020 Annualized
12/31/12 To
Bolter and Company 24.6 16.8 -2.3 3.4 17.5 6.7


-6.0 10.1
Comparable Balanced Index* 18.1 9.4 1.5 8.0 13.5 -2.0 21.3 14.3 10.3
Equities 34.2 22.2 -2.1 3.9 23.6 8.1 30.3 -8.0 13.1
S&P-500 Index 32.4 13.7 1.4 12.0 21.8 -4.4 31.5 18.4 15.2
Fixed Income -2.3 4.6 -0.6 2.7 2.5 -0.8 5.9 5.9 2.2
Barclays Int. G/C Index -0.9 3.1 1.1 2.1 2.1 0.9 6.8 6.4 2.7

*The Comparable Balanced Index consists of 60% of the S&P500 Index and 40% of the Barclays Intermediate U.S. Government/Credit Bond Index.  The Index is calculated by Bolter & Company and is used as a general measure of performance for balanced portfolios and is not included to imply that Bolter & Company managed accounts are comparable to the Index in composition or element of risk.

Bolter & Company primarily manages balanced portfolios of high quality U.S. stocks and bonds, and money market instruments.  The performance of Bolter & Company Clients represents a composite of the aggregate performance of all Bolter & Company clients, each of which is managed pursuant to its specific investment guidelines.  Performance reflects changes in market price, and the reinvestment of dividends and other income.   The performance of Bolter & Company Equities represents the equity asset class of its balanced portfolio.  The performance of Bolter & Company Fixed Income represents the fixed income asset class of its balanced portfolio.  Clients may not choose exposure to only equities or fixed income.  In particular, the relative weighting of equities and fixed income exposure in Bolter & Company managed accounts frequently changes.  Individual client performance may be better or worse than the numbers stated above.  Performance results are calculated on a time weighted, total return basis and presented after all payment of fees and expenses, and are based on unaudited figures.  Past performance is no guarantee of future results.  Clients may be subject to differing fees schedules. 

See Bolter & Company, LLC. Client Relationship Summary and Form ADV Part 2A for additional information