Firm News – Q3 2018 Newsletter

October 1st was our ten-year anniversary. It is true that Armbruster Capital was incorporated a little over nine years ago. However, Mark started working at our predecessor firm, and building what would become Armbruster Capital, a decade ago.

It didn’t seem possible at the time, but over the years we have grown to become a firm with seven team members and around $425 million in client assets. We hope to continue building the firm in the future, and we have invested heavily to do so. We have written previously about the industry-leading software we implemented a couple years ago. We also have a full-time technology specialist on staff to help ensure the integrity and security of our data. That is unusual with firms our size, but having a robust infrastructure upon which to grow is essential.

Our team continues to grow as well. We recently added Colby Feane, CFA to help with business development and client service. Colby worked most recently at Manning & Napier, a very large, local investment firm. He also previously worked for ten years in New York City at JP Morgan’s investment bank.

Carlton Chin, CFA is our new Chief Investment Officer. This was a difficult hire for Mark, as he has been Chief Investment Officer at every firm he has been involved with for the past 18 years. However, it became clear that we needed additional resources on our investment team, and Carlton certainly brings a new skill set. He has extremely strong quantitative skills that he learned as both an undergraduate and graduate student at MIT. He then worked as an actuary, but found his way into investing while working at a firm that was ultimately acquired by Price Waterhouse Coopers. Carlton subsequently became the head of research for a firm focused on commodity futures trading, and worked in the commodity markets in different capacities for many years. He has also taught math at the college level.

We believe our firm has the most intellectual horsepower per employee of any investment firm in the region. We have three employees with CFA designations, one CPA, and one with the CRISC IT security designation. We have an important mission watching over our clients’ assets, and we try to hire the best to make sure we live up to that standard. Stop in sometime to meet Colby and Carlton.

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