Delano Investment Advisory Information

Delano Investment Advisory, LLC invests money for clients in stocks and bonds using a margin of safety approach. We manage IRAs, Roth IRAs, Trusts, General Accounts and Business Retirement Plans. Derived from Benjamin Grahams The Intelligent Investor (1949) and Security Analysis (1934) our margin of safety approach aims to protect investors from inaccuracies in analysis and the effects of unpredictable future events on the investments we own. The approach should provide a careful strategy to make money in the long run through the ownership of stocks and bonds. As applied to bonds, the margin of safety is the number of times that earnings of the borrower (corporation, municipality, etc.) cover its interest payments and additional fixed charges. As applied to stocks, a margin of safety is created by purchasing stocks below assessed value. When we buy a stock for your account, we estimate what the stock is worth based on conservative assumptions of earnings and asset values and pay less than our estimate for shares of the stock. Typically we pay 1/3 or more below our estimate. The margin of safety created by paying below assessed value can provide protection against troublesome developments and errors in our analysis while offering the chance for positive returns if value increases or the price of the stock becomes more closely aligned with our original estimate of value. David serves as Portfolio Manager for Delano Investment Advisory, conducting investment research and focusing his skill sets around one strategy: investing prudently in stocks and bonds with a margin of safety approach derived from Benjamin Grahams The Intelligent Investor (1949) and Security Analysis (1934). David served as a Research Analyst at Front Street Capital Management from 2010 to 2014 and as Vice President & Treasurer of an SEC registered Mutual Fund from inception in 2011 through 2015. Front Street Capital Management is an SEC Registered Investment Adviser of which David is an employee and owner. In 2014 Delano Investment Advisory, ...