Welcome to FAF Advisors and First American Funds. I am proud to introduce you to our organization.
Throughout my tenure as CEO, I have overseen the growth and development of a collaborative, principled, and competitive asset management firm. From my perspective, the ultimate goal has always been to deliver superior, long-term results with integrity. I believe that we have built an investment organization that thrives on those aspirations.
The key to superior performance in investing is sound investment process coupled with talented people and a collaborative environment. We have aligned our processes, teams, and incentives to encourage debate and drive the best ideas forward. Thanks to our open dialogue, I believe we've been able to navigate the complex and changing landscape of asset management today. The people at our firm have deeply held convictions about their area of expertise, are confident enough to put their ideas to the test, welcome intellectual discussion, and understand the difference between collaboration and compromise.
In addition, we must protect our clients by being both fiercely competitive and committed to doing our business the right way. In all areas of FAF Advisors, from our investment group to sales and support, you'll find employees who share a commitment to superior performance and principled action. First American Funds also has one of the first and only completely independent Board of Directors in the industry, and I have welcomed their insight and governance in the last decade.
Finally, FAF Advisors has a balanced business model rare among bank-owned asset managers. We maintain a strong relationship with our parent company, U.S. Bank, believing that this solid foundation for our firm has been a great asset, particularly in recent volatile times. We also benefit from the vision of U.S. Bank's management and their willingness to let us have requisite independence, allowing us to keep pace with our fast-moving industry.
I believe that you will find FAF Advisors and First American Funds to be the specialists you need in our financial marketplace. Please contact our teams for more information about how we aim to provide superior, long-term results with integrity. We look forward to hearing from you.
Sincerely,
Tom Schreier
CEO, FAF Advisors
President, First American Funds
