Tradition seeks companies with strong sustainable businesses. These businesses will exhibit above average profitability and free cash generation and above average secular growth. Stock purchases made at discounts to our estimate of intrinsic value, or with margins of safety, help produce strong risk-adjusted returns. Our seasoned professionals combine experience, insight, discipline and research in our investment process. We strive for above average returns over the course of a full market cycle. Margin of safety, preservation of capital, and positive risk-adjusted returns drive our mandates. We believe in participating in the growth of quality companies purchased at reasonable prices.
Our experienced, knowledgeable and dedicated investment team is passionate about owning individual stocks of quality companies, and our investment results are the foundation of our efforts for clients. We also manage fixed income both as a stand-alone or part of a balanced portfolio. Tradition’s investment committee is comprised of highly-experienced and seasoned members, each demonstrating over a quarter century, on average, of professional investing experience. We are a research and process driven asset manager focused on long-term performance. Tradition works to build a portfolio of securities that meets our clients' varied needs through each of our given strategies. Tradition is an SEC Registered Investment Adviser with a fiduciary responsibility to always put our clients' interests first.
Tradition invests our clients' capital in quality securities selling at reasonable prices. We are not traders trying to outguess the market; rather, we are business and security analysts making an investment that, in our opinion, will provide a suitable risk-adjusted long-term return. Our own personal investments are focused on securities that we own for clients, thus aligning our personal interests with those of our clients. Our internal investing guidelines assure that our clients get our best investment ideas and that we, as a firm, are focused on the investments that impact clients.
We were founded in 2000 as a growth at a reasonable price investment firm and those principals of quality, profitability, growth and value continue today. Our founders worked together at Brundage, Story and Rose (BS&R) in New York City. We are still owned exclusively by our employees. Our Chief Investment Officer was a Partner and Director of Research at BS&R, which managed over four billion dollars, prior to the founding of Tradition in 2000. Tradition’s team currently includes a total of five former employees of Brundage, Story and Rose, but also includes additional talented investors that increase our skills and capabilities. Our team is experienced, knowledgeable and disciplined. We strive for insights and opportunities to help our clients grow their capital.