n Firm Formed in September 1998
n Individually Managed Accounts
n Equity and Balanced Portfolios
n Multi-Cap Value Style
n Assets Under Management- $250.9 million (12/31/17)
n Click here to view JAM's Top Holdings as of 12/31/17

Investment Philosophy

Jolley Asset Management, LLC ("JAM") is registered as an investment adviser with the Securities and Exchange Commission. The firm offers asset management services to both individual and institutional investors. JAM utilizes a "value" style of investing consistent with the classic value principles developed by Graham & Dodd in 1934. JAM analyzes the company's financial strength and considers the possibility of "downside risk" before evaluating a company's "upside potential."

JAM believes that categorizing investments according to market capitalization or the variability of earnings (growth versus cyclical) limits performance. JAM believes that values can occur in different types of companies and we focus our research on valuation parameters rather than hypothetical market capitalization categories. Portfolios will tend to be comprised of approximately 30-35 holdings, across various industries, sectors and market capitalization ranges. Under a value approach, portfolio companies will typically have low price/earnings, price/sales, or price/book value ratios.

JAM believes that buying common stocks is no different than buying a piece of a business, and the price paid for that security or business in an integral part of the investment decision making process. JAM seeks to buy companies that are priced at a significant discount to their intrinsic value, with the expectation that over a reasonable time period the discount will narrow or disappear. Investments are made with the concept of a "margin of safety," which we believe lessens the chance of loss of capital.

Frank G. Jolley, who serves as President and Chief Investment Officer, was formerly the Chief Investment Officer of Centura Bank's Investment Management Group. Mr. Jolley had direct oversight responsibility for approximately $1.2 billion in total assets.

210 Bryant Street, Suite A
Rocky Mount, North Carolina, 27804

Frank G. Jolley, CFA
President & Chief Investment Officer

William H. Collier, IV "Bill"
Principal & Senior Portfolio Manager


Terry Sapp, CFA
Vice President, Portfolio Manager & Controller

Jan P. Robillard
Vice President, Client Services


Terms & Conditions

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