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| ASC Holding, LLC, is comprised of several different companies, all
with related missions and activities. Asset Services Company (ASC)
is an independent consulting firm whose main clients are foundations,
endowments, retirement plans and ultra high-net-worth individuals
and families. ASC consults on approximately $3 billion in client assets.
InvesTrust
is a special purpose national bank or in common terms, an independent
trust company. InvesTrust administers approximately $2.4 billion
in assets for individuals, foundations, endowments and retirement
plans.
Oklahom@ Data Services is a 401(k) plan administrator that provides
participant record-keeping for all of InvesTrust’s retirement plan
clients. The total number of participants among Oklahom@ Data Services’
various clients totals approximately 7,000.
The various entities of ASC Holding had a good year in 2005 as several
significant new clients were added. Profits continued to increase
with top-line revenue rising at a rate nearly twice that of expenses.
For 2006, our challenge will be to manage our growth, while maintaining
our personal touch with clients and our high-quality, independent
investment work. Additionally, we will introduce new services, build
upon our infrastructure for working with the bond management group
and consider acquisition possibilities.
More than anything else, what defines our work for our clients is
that we put their interests first. Because of our strong independent
nature, we work hard to never be in a conflict-of-interest situation.
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| American Fidelity Property Company (AFPC) has witnessed the ups
and downs of Oklahoma’s economy in the past 50 years, which
reinforces our belief in a conservative management approach. Our real
estate interests extend to office, multi-family and commercial development
in addition to supplying property management services. Through these
avenues, we are able to create desirable property values and a high
return on investment.
National
investors continued to view Oklahoma City as a strong market in
2005, which created upward pressure on real estate values. There
were no disappointments in terms of transactional activity and investor
interest. AFPC used 2005’s attractive interest rates to refinance
and reposition our portfolio to increase our return on investments
well into the future.
With AFPC’s strong liquidity and management experience, we
have been able to find some positive niche markets, allowing for
acquisitions in 2005 and the anticipation of additional opportunity
in 2006.
By concentrating our business on those areas of Oklahoma City that
promise the most growth, we offer a premium selection of real estate.
Through this discriminating selection of properties, we provide
quality products to our partners and investors.
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