Celebrating Towneley’s 50th Year!

We have some exciting news to share with you. In June 2021, we celebrate Towneley's 50th anniversary! Over the past 50 years, Towneley has provided investment management, financial planning, and consulting for individuals and institutions through changing markets and challenging times.

To say that much has changed in the world this past half -century is an understatement. Besides anti-lock brakes and multiple airbags on every new car, we now have cars that drive themselves. ATMs and ("UPC") barcodes, first rolled out in the early 1980s, are now part of daily life, along with GPS and personal computers. We no longer have to drop camera film off to be developed; we can capture and print digital images ourselves in seconds. We can listen to any song we want at the touch of a button on our smartphones, and we can take calls on our phones wirelessly in our self-driving cars using Bluetooth technology. Gone are the days when kids would have to go to the library to use an encyclopedia to write a report for school – now they can just "Google" whatever they want to research on their iPad. Medical advances, such as MRIs, DNA sequencing, and non-invasive laser and robotic surgery, allow people to live much longer and more comfortably than they did 50 years ago. We can now literally see our loved ones living halfway across the world in an instant by Skyping them or using FaceTime to converse.

Through all of these changes and innovations, Towneley has thrived by staying true to our values, our investment and research capabilities, and most of all, true to you, our loyal clients. From the time that we first opened our New York office in June 1971, we have adapted to the changing world to meet the ever-evolving needs of our existing and future clients. In 1982, we expanded to open our Southern California office. Shortly after that, we introduced our flagship Multiple Mutual Fund strategy in 1987, and that same year, we launched the Eclipse no-load family of equity mutual funds. In 2003, we launched our Emerging Markets ETF strategy, and in 2005, we created our Global Balanced ETF strategy.

In 2013, we established an Employee Stock Ownership Plan for Towneley and transitioned to an employee owned corporation. This move served to further empower and align our team members with Towneley's long-term vision. We created our Fiduciary EDGE™ program for institutional clients in 2015 to assist and guide board and committee members to adopt and implement prudent practices consistent with their organization's mission and with their fiduciary duties.

As this year progresses, we will share more insights, commentary, and memories as we continue to honor our 50 years in business.