Stephen M. Goddard, CFA founded The London Company in 1994 and serves as Chairman, Chief Investment Officer, and majority owner, bringing decades of investment experience with focus on value-oriented equity investing. Jonathan T. Moody joined as the second employee-owner in 2010 and serves as Principal/Portfolio Manager for the Income Equity strategy. Thaddeus (TJ) Carter, CFA, CPA was recently hired as Portfolio Manager, bringing nearly 20 years of equity investment experience. The firm operates as majority employee-owned with 16 of 45 employees holding equity ownership, supported by outside investor Lincoln Peak Capital since 2012. The investment team of 11 professionals averages over 17 years of experience, contributing to firm stability and long-term client relationships.

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The Income Equity strategy employs a disciplined value-oriented approach with three primary objectives in order of priority: capital preservation, income, and growth. The strategy seeks to generate meaningful excess returns versus the Russell 1000 Value benchmark while maintaining lower volatility over full market cycles. The investment philosophy centers on a business owner perspective, evaluating each investment as if purchasing the entire company to hold indefinitely. This long-term orientation drives focus on high-quality businesses with sustainable competitive advantages and strong balance sheets. The team utilizes proprietary screening based on Return on Tangible Capital, Free Cash Flow Yield, and Earnings Yield, combined with Balance Sheet Optimization approach to valuation. Only shares trading at 30-40% discount to intrinsic value are purchased. The strategy maintains concentrated portfolios of 25-35 large-cap equities with focus on dividend-paying securities providing yield premium relative to benchmark, avoiding leverage, derivatives, and short positions.

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