Sid Shupack and Matthew Redmond
FIRST STATE INVESTMENT ADVISORS First State Investment Advisors was founded in 1971 to provide Tulsans with a personalized, value-oriented approach to portfolio management. “Our firm has engaged in ‘The Gold Chip’ philosophy of investing since our beginning,” says Sidney Shupack, founder. “We believe in investing primarily in high-quality, large-cap stocks that can reduce worry for clients in the chaotic, up-and-down financial environment.” First State Financial is the holding company of First State Investment Advisors. An independent public accounting firm audits the company annually. As of June 30, 2016, the firm managed nearly $44 million for individuals, pension plans and retirement accounts. Shupack began developing the Gold Chip standard in 1958. A company must meet the following criteria: long-term industry growth, market leadership, widespread recognition, outstanding management, investment grade credit, large capitalization and a dividend payout ratio of at least
8801 S. Yale Ave., Suite 410 Tulsa, OK 74137 (918) 492-1466 firststate-ok.com
20 percent. The minimum target timeframe of investment in a Gold Chip stock is three to five years with a target annual rate of return of 8 percent. Investments are only made when potential reward is at least twice the potential risk. Shupack currently serves as First State’s president and chairman of the board. Paul Mitchell, who joined the company in 1979, is chief financial officer and board treasurer. Matthew Redmond, currently a CFA Level III candidate, is the investment analyst responsible for developing the company’s investment models and research. “We follow a set of strict guidelines in order to build a formidable portfolio,” says Shupack. “We use our proprietary analytic approach to understand how a company’s past and current performance may indicate their future potential.”