Henry H. Armstrong Associates, Inc. is a large advisory firm based in Pittsburgh. It manages $710.79 million of regulatory assets for 136 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Maine, and 4 other states.
Henry H. Armstrong Associates provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Henry H. Armstrong Associates, Inc. is $710.79 million. The firm's AUM has grown by 100% since the beginning of its operation, and $5.7 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Henry H. Armstrong Associates, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of James Mckay Armstrong is high net worth individuals with 99 clients and $605.01 million of assets under management. Among the 9 most similar advisory firms, Henry H. Armstrong Associates has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $710.79 million for 136 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Henry H. Armstrong Associates also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $100,000.
The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
James Mckay Armstrong has been acting as President since 1 Jan 1998. Peter D Eberhart joined the executive team most recently as the Managing Director / Chief Compliance Officer.
The principal office where Henry H. Armstrong Associates, Inc. performs its advisory services is located at One Gateway Center, Pittsburgh, PA 15222, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 412-471-1551 or by fax 412-471-7828. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at henryarmstrong.com.