Info

Lemley Yarling Management Co. was formed in 1986 to offer investment advice, and money management services. Lemley Yarling is not currently accepting new clients. Lemley Yarling Management Co., an SEC-registered investment advisor, provides investment advice to those clients who wish to have a complete financial relationship. Lemley, Yarling Management Co. provides individualized portfolio management services for investors who want professionals they know, to manage or share the management of their investments. Accounts are managed on a discretionary basis. The minimum initial size for accounts is $250,000. Lemley, Yarling Management Co. currently manages over $75 million. The normal management arrangement is an annual fee of 3% of the first $250,000 of assets under management for stock and balanced accounts, with lower fees above that amount; and 1% or less for accounts that are only invested in U.S. Government bonds. With the 3% fee only arrangement there is no commission charged on transactions. Lemley, Yarling & Co., a NASD-registered broker-dealer, acting solely as an agent to execute trades, provides no-cost execution services for Lemley Yarling Management Co. clients, who have chosen a fee only arrangement. LY & Co. also executes trades for those managed accounts who have chosen to pay a reduced management fee and commissions on each transaction at a maximum commission of 12.5 cents per share. Ralph Lemley (Bud) graduated from Georgetown University in 1965 with a degree in economics and began his business career that year in the operations department of Wayne Hummer & Co., a NYSE-member firm located in Chicago. After becoming a registered representative in 1967, he handled individuals' accounts and established the firm's bond department. In 1971, he interrupted his securities career to own and operate a small dairy farm in Wisconsin and publish a weekly newspaper. Upon returning to Wayne Hummer & Co., in 1977, he again handled individuals' accounts, while also reorganizing the firm's stock trading department and creating what is now a $1 billion plus management company/ mutual fund complex. He became a partner of the firm in 1981. In April, 1983, he resigned his partnership to join The Chicago Corporation, as a Senior Vice-President and began formal publication of the Lemley Letter. In 1984, Bud, Kathy, and Don started Ralph J. Lemley Management Co., and in October, 1986, they left Chicago Corp. and established Ralph J. Lemley & Co. In April, 1988, the name of the companies were changed to Lemley Yarling Management Co., and Lemley, Yarling & Co. Kathleen Pinto (Kathy) began her securities career in April 1974. She has worked in all phases of the retail brokerage business. Kathy is a director of Lemley Yarling Management Co., and manages the day to day operations of the firm. Sharon Minetti has been associated with Lemley Yarling Management Co.for 20 years. She joined the Group from Wayne Hummer & Co back in the mid 1980s and has worked for them and other investment firms since that time. Sharon is now a homemaker but spends one day a week in the office assisting Kathy. Donald Yarling (Don) was a founding owner of Lemley Yarling & Co. and an integral part of the firm from 1986 until his death from AIDS in April 1994. Don attended the University of Missouri until 1972 and graduated from the University of Illinois in 1974. He began his securities career at the Chicago firm of Blunt Ellis & Simmons Inc. the following year. After joining Wayne Hummer & Co. in 1977, he worked in the operations department until 1981, when he joined Bud to create the Wayne Hummer Money Fund. As portfolio manager, he was responsible for credit analysis and trading strategy. Under their management, the fund received an AAA rating from the Standard & Poor's Corp. In 1983, Don became manager of Wayne Hummer's bond department. He joined The Chicago Corp. as Vice-President in May, 1984, and established a private investors' fixed income unit. Don joined Bud and Kathy in founding Lemley Yarling & Co. in 1986. Kathryn Lemley (Katie) graduated from Georgetown University in 1966 and earned a MSN from Loyola University in 1983, and a Ph.D. in Nursing Science from the University of Illinois at Chicago in 1999. She is a consultant for Lemley Yarling Management Co.