Applied Capital,

Who We Are We are dedicated to long-term dividend growth investing. We offer separately managed accounts to individuals and corporations, and sub-advisory services to institutional investors. Since starting our company in 2003, we have grown to hundreds of clients and tens of millions of assets under management. Our passion and our obsession is to make our clients wealthy and to enrich their lives. Our Philosophy For more than 12 years, we have built our business on the simplicity and elegance of our dividend growth approach, quality of our research and long-term investing. In life and in business we follow a few fundamental principles that always guide us: honesty, integrity, skill and honor. In investing our main tenets are as follows: