Flaherty & Crumrine Incorporated specializes in the management of preferred and related securities. We have focused on preferred securities portfolios for institutional clients and investment funds since our inception in 1983. We are an independent investment adviser with a dedicated credit research team that performs comprehensive analysis of the risks faced by preferred securities holders. Specializing in preferred securities helps in capitalizing on the relative inefficiencies in this market. With only a relatively small number of institutional portfolios and five public funds, we are able to offer each client its own customized portfolio strategy. Additional information on these investment strategies can be found in the Investment Philosophy section of the website. If you are interested in learning more, we encourage you to e-mail or call so we may discuss potential strategies to match your needs. (See Contact Us section).