The American Institute for Economic Research is a not-for-profit that educates Americans on the value of personal freedom, free enterprise, property rights, limited government and sound money. The institute owns various assets and one is a fully owned subsidiary, American Investment Services, Inc. (AIS). AIS is an S.E.C. Registered Investment Adviser founded in 1978 and is governed by a Board of Directors appointed by AIER. AIS provides low-cost independent Asset Management Services to individuals (including IRAs), estates, trusts, retirement plans and charitable organizations.
AIS's investment approach is consistent with AIER's scientific research findings, as described in the popular book How to Invest Wisely. Based on the institute's research, AIS developed a discretionary investment management service designed to replicate the returns of a domestic large cap value model portfolio, the "High Yield Dow" strategy. AIS also uses funds provided by Dimensional Fund Advisors, Vanguard, and other low-cost providers. AIS publishes a monthly newsletter, the Investment Guide.