Whats the history behind the Sound Mind Investing Funds?
The Upgrading strategy has been advocated for many years by the Sound Mind Investing newsletter and has been followed by thousands of newsletter subscribers to implement an upgrading portfolio on their own. However, prior to the launch of the SMI Funds, no vehicle existed for investors who wanted to follow the newsletter’s upgrading recommendations, but didn’t want the responsibility of implementing the strategy on their own. In early 2004, the newsletter’s publisher (Austin Pryor) and executive editor (Mark Biller) began to seriously consider starting an upgrading mutual fund, but ultimately concluded the time demands would be too significant to do so without a partner. In early 2005, a financial management firm named Omnium Capital contacted the newsletter about starting a fund based on the Upgrading investing strategy. After much deliberation, the decision was made to go forward, and Austin, Mark and the Omnium principals formed SMI Advisory Services, LLC, a registered investment ad
