At Armbruster Capital Management (ACM), we believe investing should be grounded in integrity, discipline, and transparency. Founded in 2009, our firm has grown to manage over $1 billion in assets, serving individuals, institutions, and corporations nationwide.
Our story is rooted in independence. From the start, ACM chose to operate as a fee-only, SEC-registered investment advisor, free from commissions or outside affiliations. That decision wasn’t just about business; it was about building trust. We want clients to know that every recommendation we make is guided by their goals and not by incentives.
That’s why the Wall Street Journal featured ACM in a 2025 story about fiduciary advisors—underscoring our commitment to acting in your best interest, not ours.
We also believe financial advice should extend beyond investments. Whether it’s estate planning, tax considerations, or retirement strategies, we act as a sounding board, helping clients navigate life’s complexities without the pressure of hourly fees.
Today, ACM stands as a firm that has grown in size but stayed true to its roots: personal service, disciplined investing, and unwavering independence. Our story is about more than managing money; it’s about building lasting relationships and guiding generations toward financial peace of mind and uncompromising integrity.
Most Recent Awards & Recognitions
2025 5-Star Wealth Management Team
2025 Elevating Women Award
2025 Invest in Others Awards Honorable Mention
2025 Power List for Banking and Finance
2025 Wall Street Journal article
The SEC requires the following disclosures: ACM did not provide compensation, directly or indirectly, to any advisor or organization in connection with receiving any of the listed awards or third‑party ratings.
5‑Star Wealth Management Team Award: Award winners are selected by the InvestmentNews editorial team based on SEC‑reported data and submitted nominations over a 12‑month period. The editorial staff conducts the full review, scoring, and final selection — not sponsors, advertisers, or external judges. The award period runs from May 2025 through May 2026.
Elevating Women Award: Honorees were evaluated on documented hiring and promotion of women, the leadership positions held by women, and other established criteria. Winners were selected by the Rochester Business Journal’s leadership team. ACM paid a $35 entry fee to be considered for this award. The award period runs from October 2025 through October 2026.
Invest in Others Award: A diverse panel of leaders in the financial services industry conducted a blind review to determine the winners. Eligibility requirements for this award can be found here. The award period runs from September 2025 through September 2026.
Power List for Banking and Finance: Recipients of the Power List are selected by the Rochester Business Journal’s editorial team and include individuals who dedicate their careers to helping members of the Rochester community navigate evolving financial circumstances. The RBJ typically publishes this list each October.
2025 Wall Street Journal article: ACM was highlighted for our fiduciary approach, exemplifying our client-first philosophy.
Our History
As an SEC Registered Investment Advisor, Armbruster Capital assumes a fiduciary role. This means it’s our responsibility to act in your best interests at all times – and as such, we commit to being straight shooters in all our dealings.
Foundations of the Firm
Our story begins in 2008, when our CEO, Mark Armbruster, launched an independent investment practice within Fulreader & Komma Management, Inc. Even in those early days, he relied on the proprietary investment strategies that would go on to shape our disciplined, research driven approach.
Armbruster Capital Management Was Founded
Armbruster Capital Management, Inc. was formally established in 2009. Clients transitioned from Fulreader & Komma to our newly created firm, with operations initially run using little more than a laptop and a cell phone. As Fulreader’s principals retired, we acquired the firm and welcomed their clients into our growing organization.
Acquisition of Fulreader & Komma Finalized
We completed the full acquisition of Fulreader & Komma in 2010, strengthening our client base and expanding our operational foundation.
Leadership Expansion
In 2013, we expanded our leadership team by adding Chris Cebula to a senior role. His experience broadened our capabilities and supported our expanding roster of client relationships.
Launch of Business Retirement Plan Services
We broadened our retirement plan offerings in 2015 with the introduction of our business 401(k) and 403(b) services, enabling us to serve both individuals and businesses with a more comprehensive suite of solutions.
Strategic Merger
In 2022, we completed our second acquisition, which added over $80 million in client assets and brought our total assets under management to more than $725 million.
Sub Advisory Expansion & Rapid Growth
We formally launched our dedicated sub‑advisory services in 2024, surpassing $80 million in sub‑advised assets within the first year. Our team grew by 30%, and total assets under management increased from $742 million to $900 million by year‑end.
Billion Dollar Milestone
In October 2025, we crossed a significant threshold, surpassing $1 billion in assets under management. This achievement placed us among the top 3% of registered investment advisors in the United States and marked a major milestone in our continued growth.