Our Practice

_{The Moran Asset Management Group is a fee-based money management practice working under the Wachovia Securities Private Investment Management program.¹  The Principals of The Moran Asset Management Group are investment advisor representatives under Wachovia Securities' investment advisory registration with the SEC.}

_{The Group was founded in March of 1990 by Thomas M. Moran, a Managing Director - Investments, and Earl Sistrunk, CFA, Financial Advisor, with Wachovia Securities.  From the beginning, the group has focused on quantitative analysis and fundamental research in building diversified equity portfolios for their clients.  The Group now consists of twenty three individuals, including five Principles, with a combined experience of over 100 years in the securities industry.  The Group has four Portfolio Managers and is headed by Financial Advisors Thomas Moran, Robert Edwards, Earl Sistrunk and Laura Jones, each of whom is responsible for several of the Group's model portfolios.}

_{The Group currently utilizes over 50 variables from 200 different research firms to arrive with its recommendations.  On three separate occasions, the Group has been named "Number One" by Nelson Information Services.²  The Group currently manages over 2 billion dollars in assets for over 1000 families and institutional clients utilizing 15 different investment models.}

_{Through our Group you will be investing with Wachovia Securities, one of the largest financial institutions in the world. Investors have been entrusting their money to Wachovia Securities for over 100 years, and today we manage the assets of both individual and institutional clients worldwide in personally managed accounts.}

_{We strive to add value to our clients’ portfolios by capitalizing on our investment experience and our strong institutional and retail presence on Wall Street. The Moran Asset Management Group can draw on a wide array of services and resources to help direct your investments. We can utilize information from our product and research specialists, as well as other forms of analysis from many different sources, to help enhance your investment progress.  As a result, you not only receive personalized investment attention, but you also get the backing of all our services through our parent company, Wachovia Securities.}

_{Wachovia Securities brings to its individual, corporate, and institutional clients a distinguished heritage of helping clients make the most of their financial resources. With regional roots that date back more than 100 years, Wachovia Securities, LLC is a Richmond, Virginia-based NYSE-member broker/dealer. Its parent corporation is owned 62% by Wachovia Corporation and 38% by Prudential Financial, Inc. The firm is the nation’s third-largest full service retail brokerage organization based on client assets of $800 billion as of September 30, 2007.}

1  Fees for the PIM program include advisory services, performance measurement, transaction costs, custody services and trading. Fees are based on the assets in the account and are assessed quarterly. Fee-based accounts are not designed for excessively traded or inactive accounts, and may not be suitable for all investors. During periods of lower trading activity, your costs might be lower if our compensation was based on commissions. A minimum annual fee may apply for this program. Please carefully review the Wachovia Securities advisory disclosure document for a description of our services and information on all fees and expenses.The minimum account size for this program is $50,000. 

2 Criteria was based on results compiled from 6,500 investment products or composites from over 1,500 investment management firms. Performance must be calculated "net" of all fees and brokerage commissions and must be calculated inclusive of all cash reserves. Also, performance results must be calculated in U.S. dollars. Performance results must be calculated on an asset base which is at least $10 million in size for traditional.