Thomas Jefferson and His Estate, Monticello
April 13, 1743 – July 4, 1826
Born in Shadwell, Virginia, Thomas Jefferson is well known for authoring the U.S. Declaration of Independence. In addition, he served as the nation’s first secretary of state (1789-93), as its second vice president (1797-1801), and as its third president (1801-09).
Thomas Jefferson spent his childhood roaming the woods and studying his books on a remote plantation in the Virginia Piedmont. Thanks to the prosperity of his father, Jefferson had an excellent education. After years in boarding school, where he excelled in classical languages, Jefferson enrolled in the College of William and Mary, taking classes in science, mathematics, rhetoric, philosophy, and literature.
Jefferson served as secretary of state under Washington, but quarrels with Secretary of Treasury Alexander Hamilton over his vision of a centralized national bank caused Jefferson to resign his post in 1793. In the election of 1796, Jefferson was the favorite of Democratic-Republican opponents of the Washington administration. He came in second to Federalist John Adams in Electoral College votes and became Adams’ vice president.
In the 1800 race, the political tide turned against the Federalist Party of Adams and Hamilton, and after a bitterly contested election, a tie vote in the Electoral College, and a protracted deadlock in the House of Representatives, Jefferson emerged as the winner. In his inaugural address, Jefferson pled for national unity in an attempt to heal the wounds of a vicious campaign and to gain support from the Federalist-controlled Congress. Due to a relatively placid first term, prosperity, lower taxes, and a reduction of the national debt, Jefferson won a landslide victory in 1804.
Post Presidential Years
On March 4, 1809, after watching the inauguration of his close friend and successor James Madison, Jefferson returned to Virginia to live out the rest of his days as “The Sage of Monticello.” Jefferson’s primary pastime was rebuilding, remodeling, and improving his beloved home and estate. He was working on the fourth iteration of the estate at the time of his death. Jefferson died in bed at Monticello on July 4, 1826 at the age of 83.
Monticello Associates was named by its founder and president, Grady Durham. The name reflects Durham’s admiration of Thomas Jefferson and his famous Virginia estate as well as their shared values of self-reliance, intelligence, honesty, and hard work.
Combining these values with Durham’s belief that the firm must be positioned to adjust to the ever-changing markets, Monticello Associates has been providing world-class asset management consulting services for nearly 25 years.
“Determine never to be idle. No person will have occasion to complain of the want of time, who never loses any. It is wonderful how much may be done, if we are always doing.”