It is with an immense amount of pride that we write to you on the 40th Anniversary of McRae Capital Management. 1981 was a special year for McRae Capital Management. It was the year that Rod McRae founded the company. After building a successful partnership in New York City, Rod decided to start his own firm in New Jersey. With a dozen clients and a two-room office in Morristown, he started a firm that would challenge the direction the investment business was heading. Rather than work for a large firm where money was made by selling products, he would build a firm where the clients would have a relationship with the individuals directly responsible for managing their assets. McRae Capital Management would provide the same advice to its clients that Rod would give to his own family.
From that two-room office, McRae Capital Management has grown into the firm it is today, now serving over 200 clients with assets approaching $600 million. And we have done this by remaining true to our investment philosophy as well as our unwavering commitment to our clients. This approach to our business and clients will not change in the future.
We have also had the luxury of dedicated employees that provide the personalized service that has become the hallmark of McRae Capital Management. We take pride that of our employees that have retired over the years, they did so with over 25 years of service to the firm. This long tenure is a testament to the respect they have for our clients and the mission of our firm. Rod is the first to admit that he could not have built the firm to what it is today without the hard work of each of our great employees over the years.
As we look to the future, we could not be more excited about what lies ahead for our company. We can only hope the next 40 years can match the accomplishments we have achieved so far.
And finally, we would like to thank all our clients who have made McRae Capital Management what it is today. No company can survive without the support and trust of its clients, many of whom have been with us since the beginning. The depth and quality of these relationships have let us work with many families across two and in some cases, even three generations. Having these long-lasting relationships allows us to do our best for our clients and gives us the pleasure of seeing the long-term benefits of having a consistent philosophy. Thank you for including us in your family, as part of your financial life, and we look forward to continuing our work with you in the years ahead.
