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CT&A Qualifications and Business Practices, Form ADV

Form ADV is the uniform form used by investment advisers to register with both the Securities and Exchange Commission (SEC) and state securities authorities.

Client Privacy Statement

The relationship between Chesley, Taft & Associates, LLC and our clients is the most important asset of our firm. We strive to maintain your trust and confidence in our firm, an essential aspect of which is our commitment to protect your personal information to the best of our ability.

Proxy Voting Policies and Procedures

Chesley, Taft & Associates, LLC has developed these policies and procedures to govern the voting of proxies on behalf of our clients. 


Each client determines whether he or she will delegate proxy voting authority to CTA. When we accept proxy voting authority, we acknowledge that we have a fiduciary duty to vote proxies in the best interest of our clients.


Generally, we purchase securities based on the belief that management will maximize shareholder value. When we no longer believe management is meeting this goal, we typically sell the security. Therefore, as to most questions coming before shareholders, we vote in accordance with management’s recommendations. There will be circumstances when we neither believe disposing of the security nor voting in accordance with management’s recommendation will be in the best interest of our clients. In those cases, we will vote against management’s recommendation. Each proxy is voted on a case by case basis. There may even be cases where we determine that the best course of action is to refrain from voting a proxy.


It is possible that a conflict of interest could arise regarding the voting of a particular proxy. In that case, we remove the conflicted portfolio manager from the decision-making process. We will make a written record of such instances.


Clients can direct our vote in a particular situation. We will vote their shares according to their direction as long as they notify us in writing with sufficient time for us to coordinate with the respective custodian to adjust the necessary records.


Clients may obtain information on how their proxies were voted by contacting us.  We will maintain these records for the time periods designated by applicable SEC regulations.

This web-site is in no way a solicitation or offer to sell securities or investment advisory services except, where applicable, in jurisdictions where we are registered or where an exemption or exclusion from such registration exists. Chesley, Taft & Associates, LLC reserves the right to require proof of residence from any user accessing this site and requesting information. Information concerning our licensure status or regulatory history may be available from certain state or federal securities administrators. Information throughout this site, whether stock quotes, charts, articles, or any other statement or statements regarding market or other financial information, is obtained from sources which we, and our suppliers believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. Nothing on this website should be interpreted to state or imply that past results are an indication of future performance. Neither we nor our information providers shall be liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness of, or for any delay or interruption in the transmission thereof to the user. THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION POSTED ON THIS OR ANY ‘LINKED’ WEBSITE.

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