Wallace Investments — Financial Performance Report 2025
Audited and verified by Crescent Accounting Services Inc. · 27-10 Hoyt Avenue, Astoria NY 11102
K. Michael Wallace has been working as an investment advisor for the last 39 years, operating under the name of Wallace Investments. Crescent Accounting Services Inc. has audited his books, prepared financial reports, and filed his taxes.
Based on audited records, we confirm that Wallace Investments in 2025 has paid its investors an annual return of 24.67% on their investments and 48.43% when including the stock hedge program — compared to the Dow Jones return of 12.97% and Barclays Hedge Fund return of 12.49%. This demonstrates that Wallace Investments has consistently protected and grown its investors’ capital even in times of market adversity.
11-Year Audited Performance vs. Major Benchmarks (2015–2025)
| Year | Wallace Investments | Hedge Program | Wallace Total | Dow Jones Industrial | Barclays Hedge Fund |
|---|---|---|---|---|---|
| 2015 | 12.25% | — | — | -2.23% | 0.28% |
| 2016 | 19.06% | — | — | 13.41% | 6.15% |
| 2017 | 36.35% | — | — | 25.08% | 10.94% |
| 2018 | 1.68% | — | — | -3.48% | -5.15% |
| 2019 | 40.22% | — | — | 25.34% | 10.71% |
| 2020 | 48.05% | — | — | 6.07% | 11.16% |
| 2021 | 22.13% | — | — | 18.65% | 10.20% |
| 2022 | -6.27% | — | — | -8.78% | -8.22% |
| 2023 | 40.07% | 26.13% | 66.20% | 13.70% | 9.22% |
| 2024 | 32.11% | 19.63% | 51.74% | 14.99% | 7.99% |
| 2025 | 24.67% | 23.76% | 48.43% | 12.97% | 12.49% |
2025 Performance Highlights
48.43%
Wallace Total Return (Investments + Hedge Program)
12.97%
Dow Jones Industrial Average 2025
12.49%
Barclays Hedge Fund Index 2025
This report has been prepared by Crescent Accounting Services Inc., 27-10 Hoyt Avenue, Astoria NY 11102 · Tel: 718-777-5563 · Fax: 718-278-7108. Past performance is not a guarantee of future results. Wallace Investments is an SEC-Registered Investment Advisor.