Sponsor Spotlight on Henry H. Armstrong Associates, Inc.
3/12/2010
Henry H. Armstrong Associates, Inc. is a registered investment advisor with offices in Pittsburgh, San Francisco, and New York. We have been in business since 1983, and as of December 31, 2009, the firm had more than $380 million under management.
Building and Preserving Wealth Across Generations: For more than 25 years, Henry Armstrong has guided affluent families and institutions by listening to and addressing their investment and wealth planning needs. Our relationships span generations, which promotes trust, continuity, and long-term growth.
Investment Performance History: The firm’s equity composite has outperformed the S&P 500 Stock Index, cumulatively, by 67% for the 20-year period ending on December 31, 2009. $1 million invested with us on January 1, 1989 would be worth $8.0 million on December 31, 2009, net of fees, which is $3.2 million more than an investment in the S&P 500 Stock Index during the same period1.
Armstrong Discipline: We have achieved our long-term record by sticking to our disciplined approach of investing only in high-quality companies with low debt, high returns on capital, and transparent financial statements. In recent years our approach led us to avoid highly leveraged and widely held companies, such as banks, home builders, and automakers, which protected our clients’ capital in the market downturn of 2008. Today we own some of the strongest companies in the world – global companies that can withstand the current economic tumult and that can prosper in the future. The stocks in our portfolio are attractively valued, which makes us optimistic about the potential returns we can deliver to investors.
Independence and Objectivity: Henry Armstrong is compensated only for its asset management by an annual fee. Our only incentive is to protect and increase the value of each client’s portfolio. Further, all members of the firm invest alongside our clients; we believe it is important that we “eat our own cooking.”
Client Service: Henry Armstrong delivers comprehensive and attentive service to our Clients. Our low employee turnover rate provides a stable team of experienced investment professionals who are familiar to our clients.
Tax and Cost Efficiency: Henry Armstrong manages tax-aware portfolios, having an average annual turnover below 10%, compared to the U.S. average turnover of greater than 85% per year2. Thus, clients of the average manager are paying the highest short-term tax rates on their gains; whereas, Henry Armstrong clients defer taxes for an average of 5-8 years, and their gains are then taxed at the lower long-term rate.
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1Source: Morningstar
2Past performance does not guarantee future results. Performance shown is for the stated time period only. Each account’s performance may be different. Performance results are total return, i.e. include the reinvestment of all income.
Please visit www.henryarmstrong.com for the complete Equity Composite Annual Disclosure Presentation.
Phone: 412.471.1551
www.henryarmstrong.com