Who we are Curran & Lewis Investment Management, Inc. (referred to as “we,” “our,” “us,” or “Curran & Lewis”), has been registered as an investment advisor since September 1996. James P. Curran, President and Chief Compliance Officer, is the principal and sole owner of Curran & Lewis.
Services we offer The Curran & Lewis approach to the investment management relationship is built around a goals-based financial plan. This process starts with a review of your life goals such as your retirement income needs, your plans for educating your children, your travel plans, etc.; but also often includes the not-so-obvious topics like your health, your parent’s financial situation, and your grandchildren’s needs, just to name a few subjects that are often discussed. Our goal is to know enough about you and your family to enable us to take into consideration both your aspirations and your concerns. Through this process we often discover what keeps you up at night, and what gets you out of bed in the morning. Many clients have found this process to be enjoyable and enlightening. To our delight, we have found that this review often gives people a renewed sense of purpose and direction.
Only when we have a thorough understanding of your objectives, your worries, and your aspirations will we begin the process of recommending a portfolio. In addition, we often help you assemble a team of other professional advisors. We regularly recommend consultations with estate planning experts, tax professionals, long-term care specialists, etc.
With the complete unpredictability of future economies, markets, and taxes, our experience has taught us that the best result for clients is not a one-time plan, but an ongoing relationship. An ongoing relationship that helps you reach your goals, helps us achieve our primary objective of being a partner in your financial success.
At Curran & Lewis Investment Management, Inc., we practice a diversified investment strategy, which includes five primary asset classes: Cash, Bonds, Domestic Equities, International Equities, and Real Estate Equity (REITS). In addition, these main asset classes may also be broken down further by size and value components. Our goal is to capture the long-term returns of the various asset classes by employing lower costs institutional mutual funds and Exchange Traded Funds (ETF’s) whenever practical. This approach allows you to capture the return of the asset class while reducing the average costs of implementation.
Our core investment philosophy is built upon the following beliefs: 1. Market timing is not possible over the long run. There is no credible evidence that shows anyone who has been effective at timing the tops or bottoms of markets over several market cycles.
2. Attempting to pick the winners and losers in the stock market by active stock selection has been attempted by many but accomplished

by few. And unfortunately even when you do find the few winners, there is no evidence that past performance indicates future success.
3. Less trading equals lower costs both in terms of taxes and trading costs.
4. The future is not predictable. While this may seem obvious, investors are consistently bombarded by various groups (brokerage houses, magazines, investment newsletters, stock-picking and timing services, etc.) interested in selling their products. Each one attempts to convince the public they have a crystal ball. Yet no one has demonstrated, over extended periods of time, any consistent ability to predict the future.
5. Numerous unpredictable forces create risk for investors. These forces include inflation, deflation, interest rate changes, normal business risk, political risk and market risk. Different asset classes respond differently to these forces and therefore respond differently to the same economic stimuli.
6. Employing different asset classes is essential. Investors must attempt to find assets that are not highly correlated (i.e., they don’t now move up and down together or in the same proportion). In other words, investing in assets that move in the same direction, at the same time, cannot be considered diversification.
7. An investment strategy with lower volatility will produce better long-term returns than a portfolio that has the same average return, but with higher volatility. Thus a decline of a given amount (e.g. 50%) requires an even higher return (100%) just to get back to even. A detailed example of this is shown in Table 1.
Table 1:The Impact of Volatility on Total Returns Low VolatilityHigh Volatility Year% Return$100,000 grows to:% Return$100,000 grows to: 114%$114,00025%$125,000 25%$119,700-20%$100,000 316%$138,85231%$131,000 48%$149,960-9%$119,210 512%$167,95528%$152,589 Average Return:11%11% Compound Return:10.9%8.8% Standard Deviation:4.523.7 We begin with reviewing clients goals. We strongly believe that a client’s primary objective should be the achievement of their personal financial goals. These goals typically included retirement or financial independence, estate planning (how much would you like to leave to heirs) and children’s education.
Once these objectives have been established we will "stress test" these goals by employing both Monte Carlo analysis, and historic market returns and risk patterns to determine the probability of success.
Based upon the results of this analysis and additional conversations we will make recommendations to change the allocation of the portfolio, or to change their goals or both.
With consultation, clients may impose restrictions on certain securities or types of securities.
Assets under management As of December 31, 2023, we manage assets of $239.1 million on a discretionary basis and $0 on a non- discretionary basis.