SumGrowth StrategiesTM Background

Who We Are And Why We Are Doing This


We Believe:
• High performance investment software should be for everyone — not just big Wall Street firms.
• Diversification is not a justifiable reason to own poorly performing funds — they hurt your portfolio.
• Great investment advice isn't a stock sorting tool — it's automatically selecting this month's best stock


Company Mission:
The mission of SumGrowth StrategiesTM, LLC is to provide a fully automated, subscription-based, Web-delivered, mutual fund and ETF investment advisory service for the mass market that delivers returns substantially higher than the S&P 500 with meaningfully lower market volatility risk to enable our customers to achieve an earlier retirement and/or higher standard of retirement living without the burdensome time, discipline, and training required of market analysts and day traders.

Large corporations, hedge funds, and other professional financial managers have long held a distinct advantage over the average citizen by utilizing proprietary complex financial analysis algorithms coupled with main frame computers and streaming market data to achieve investment results far superior to the "diversify and rebalance" strategies they sell to the public. We at SumGrowth Strategies say: Its not just for the big boys anymore, our computers will do the hard work for you while you go have a life. We intend to level the playing field by making our SectorSurfer online delivered service available to everyone without the need to interrupt their life pursuits to become an analyst, and without the need to pay an arm and a leg for the service. In fact, portions of our service are offered free of charge to anyone, without any limitation in time, to make sure that no-one need feel they are left out in the cold because they don't have the typical $100,000 minimum account value required to get the attention of a professional financial advisor. 



 

Scott Juds - aka Chief SectorSurfer

Scott Juds, President and CEO
Scott has over 30 years' experience in both hands-on and executive-level positions. Scott is the Founder and President of piTech Engineering, a Seattle electronics and software engineering consulting engineering firm. He was a Founder and Vice President of Engineering for IDX Incorporated, an El Dorado, Arkansas, company which develops and markets optically encoded security tokens, coin acceptors and RFID cashless payment systems. He was a Founder and Vice President of Business Development for MobilServ Technologies Corp., a San Diego, California, company which developed wireless mobile-commerce systems. He was also formerly the Vice President of Advanced Engineering at EATON Corporation, Opcon Division, Everett, Washington, which develops advanced industrial photoelectric sensors and controls.  

Scott is the named inventor on over 40 U.S. and foreign patents and is a published author of Photoelectric Sensors and Controls: Selection & Application (Marcel Dekker, New York, 1988). He holds a BSEE from the University of Wisconsin - Madison and an MSEE from Stanford University and is a Registered Professional Engineer in the state of Washington.  

Scott is an avid snow skier, water skier, and windsurfer... and as Chief SectorSurfer does "surf his sector of the lake."  He also finds great joy in baking Grandma Juds' World Famous Blackberry Crisp for his friends using the delicious blackberries picked along the shoreline of Lake Washington where he resides.



 

Jim Gamache - aka Doctor SectorSurfer

Jim Gamache, Chief Technology Officer
Jim has over 30 years' in both hands-on and executive-level positions. Jim was a Founder and Vice President of Observational Systems, formed in 1977 to develop and market portable data collection systems for researchers in the behavioral sciences. The company was later re-named GageTalker when it moved into the field of, and set new standards for how industrial statistical process control was done. The company was again later re-named as Cimworks and eventually sold in 2000 to GE Fanuc. Jim was also a Founder and CTO of Zorch Software in the field of life science project management. Jim holds a BSEE from the University of Washington.

Jim is an avid snow skier, water skier, and windsurfer. He has climbed Mt. Rainier multiple times, and has seen the curvature of the earth from atop Mt. Kilimanjaro. Jim is well calibrated in the operation of his outdoor grill, pours a mean martini, and loves to bake in the Lake Chelan sun with his wife Laura. 



 

Mimi Berger - aka Madame SectorSurfer

Mimi Berger, Administrative Manager and Media Director
Mimi has over 20 years' experience in administrative management positions, including legal assistant for Attorney David W. Gossard in Seattle, WA, executive assistant to the president at Helly Hansen, a Norwegian sportswear company, and executive assistant to the Chairman of The Rockey Company, a Seattle, WA public relations firm. Her administrative and marketing execution skills will primarily be focused on managing the mission of our external marketing professionals as we take SectorSurfer to market. Mimi attended Bellevue Community College and St. Martin's College.   

Mimi enjoys everything the Pacific Northwest offers, from the unlimited outdoor adventure opportunities to the bounty of Puget Sound and her garden, all happily shared with her husband Jim and her sons and their families.  Her ideal morning begins with the sunrise, a river, and a fly rod.



 

Erin Condit-Juds - SectorSurfer Marketing & Communications

Erin Condit, Head of Marketing Communications
Erin Condit is an an award-winning author, writer, editor and journalist with more than 20 years of bilingual print and broadcast editorial, marketing and Fortune 100 executive management experience at the local, state, national and international level. A former foreign correspondent, anchor and network affiliate news director, Condit covered economics, finance and politics in Central and Eastern Europe from 1989-1996 before becoming a vice president at Merrill Lynch & Co. on Wall Street and in Tokyo, where she was part of the team that built ML Japan Securities and 33 branch offices from scratch. Condit is a winner of the prestigious John J. McCloy and Robert Bosch Foundation fellowships in journalism, the author of a biography on Haitian presidents Jean Claude and Francois Duvalier [Chelsea House, 1989], the winner of a silver medal at the 1992 New York International Film & Television Festivals for her documentary "Ireland at the Crossroads," an editor of "Born to Steal: When the Mafia Hit Wall Street" [Warner Books 2004] and other books. Erin is a graduate of the Columbia University Graduate School of Journalism.



 

Jan Hendrickson - SectorSurfer Advisor

Jan Hendrickson, Advisor, Member
Jan Hendrickson is the Regional Managing Director for Ascent Private Capital Management of U.S. Bank in Seattle, offering wealth management and wealth impact services to ultra high net worth families and individuals throughout the Pacific Northwest. She was named a “Woman of Influence” by the Puget Sound Business Journal. Jan was the Managing Partner and Founder at Denny Hill Capital, an early-stage high-growth venture capital firm with a consumer-focus investment approach. She drove portfolio companies’ success through roles as board director, interim executive, strategist and investor. Current and prior directorships include chairman and found board member of investor of global beauty brand butter LONDON, director of the Commerce Bank of Washington, and chairman of Tully's Coffee.  

A native Seattleite, Jan holds graduate and undergraduate degrees from the University of Washington. Community leadership is a passion for Jan, and she is current chair of the Community Development Roundtable, and is a current board member for Forterra and the Virginia Mason Foundation. She is past chairman of the Woodland Park Zoo, current trustee and past president of the Frye Art Museum, past chairman of Wellsprings Family Services, and a graduate of Leadership Tomorrow.



 

Company History:
SumGrowth StrategiesTM, LLC was formed in Seattle, WA on February 17, 2009 by Scott Juds, Jim Gamache, and Mimi Berger  for the purpose outlined in the Company Mission above with the primary objective of converting technology developed by Scott, in the form of a desktop software application for mutual fund investment analysis entitled ProfiTaker, into an online delivered service to be shared with everyone. ProfiTaker was developed in Scott's "spare time" during evenings and weekends over many years, and was re-named as SectorSurfer just prior to formation of the company. Finally, on December 7th, 2010 we formally launched our online service. The development chronology and lessons learned follow below.

During Scott's first eight years of investing for retirement, he invested his hard-earned IRA account money in mutual funds according to the advice of numerous subscription newsletters and financial news publications. At the eight year mark in 1991, much to his dismay, he found that he had achieved essentially flat and sub-market performance results even though it was the so-called "Go-Go 80's." How could such poor performance occur after diligently reading and following such expert advice?

To resolve this problem, Scott decided to accumulate newsletters from as many sources as possible, lay them out, and compare what each was saying about the future of the economy, oil prices, technology, healthcare, and  our financial system. Some months later when this was done, Scott found there really was very little consensus among them on any of the topics, buy yet each made a compelling argument as to why his projection was correct. Interestingly this suggested that one of the quotes on his favorite coffee cup was really true: If the nation's economists were laid end to end they would point in all directions. In fact, it turns out to be an intrinsic truth of a free market system. If there is not a balance between buyers and sellers, the price will adjust until there is a balance... and they will again point in all directions. 

Scott concluded that it would be impossible to know which of the plausible arguments being made by various newsletters, advisors, or talking heads was really the right one. As the consummate engineer he thought perhaps one could extract some clues from the market data itself to help improve one's investment decision batting average. Scott acquired access to a mutual fund database and applied the tools of his engineering specialty, digging electronic signals out of noise. With a few spreadsheet experiments Scott determined that in fact market prices are not a random walk through time and that one could indeed extract clues from past market data to improve the batting average of future investment decisions.

In 1992 Scott started writing his DOS based ProfiTaker software (remember DOS?) and put to work his mathematical and engineering skills of digging signals out of noise on the analysis of market data. After the first working graphical user interface platform became operational, numerous popular stock trading indicators were tested  --  most of which were quickly discarded as unreliable over long periods of time, and a set of proprietary indicator algorithms were selected. Interestingly the indicator algorithms selected for ProfiTaker also had roots of acceptance in the disciplines of communication receiver and seismic detector design, while the rejected indicator algorithms apparently have also been rejected by those disciplines as well.

Scott's study of market data further showed that there was a distinct difference in the character of funds that invest in companies producing tangible products for consumers as compared to funds that invest in commodities that literally blow in the wind with the weather or the hot air expelled by powerful rogue politicians. Additionally, funds that allow their character to change according to the whims of its fund manager have yet another character. Discovering the character of a fund is critical to its proper treatment by the indicator algorithm used by the strategy to direct an investment toward or away from that fund.

In the latter portion of the 00's decade Scott began directing the evolution of the software toward taking it to market, and that meant it would have to be seriously re-designed to be intelligible and useful for the average person. How information was displayed, how strategies were built, and many other things had to change. Scott knew that his own mother would never use his desktop ProfiTaker application  --  she does not want to be an analyst, complex charts make her eyes glaze over, and she already has over-filled days with things to do.

To make the transition to an online marketable product, Scott enlisted the help of two long term friends who had become SectorSurfer believers: Jim Gamache, and Mimi Berger. Jim's superb development background with databases and modern .NET enterprise level software was a perfect match for migrating the desktop application to an online server-based application. Mimi's extensive background in administrative positions and marketing organizations are the primary reason the document quality looks much better than what one would expect from a couple of tech-nerds. After formally launching our online service in late 2010, Mimi swung into action using her prior marketing experience and contact list of  external professionals to begin our promotional campaigns... there are no shortage of people that SectorSurfer could help. What SectorSurfer has become today is the result of nearly two years of dedicated work by my dear partners, advice and feedback from many friends, and of course Mom (who in fact does manage her funds with SectorSurfer). We hope you will find it as useful as she does.