Avenir Corporation

Avenir Corporation is an investment management firm established in July 1980 and registered with the SEC in July 1988. Majority-owned by Chairman Charles G. Mackall, Jr. and active portfolio manager James H. Rooney, Avenir offers discretionary investment management services focusing on capital preservation and real rates of return. The firm's core value strategy involves a concentrated portfolio of superior investments purchased at a discount to intrinsic value. Avenir serves a diverse client base, including individuals, trusts, pension accounts, and foundations, with a minimum investment requirement of $1 million, which may be waived at the firm's discretion. Avenir charges a standard 1% quarterly fee based on assets under management, with a minimum fee of $2,500 per quarter. The firm does not charge performance-based fees and manages approximately $1,003,294,000 in discretionary assets as of March 28, 2025. Clients have the option to impose restrictions on investments, and Avenir provides investment management services to clients in wrap fee programs. Avenir's investment strategy involves risks, including exposure to systemic and unique security risks. The firm operates as a fiduciary, acting in the best interests of clients, and provides investment advisory services on a discretionary basis. Clients have the authority to set restrictions on Avenir's discretionary activities. Avenir's brokerage practices include considerations such as commission rates, research services, and trade allocations. The firm does not compensate for client referrals and maintains high ethical standards in its operations. James H. Rooney, a CFA charterholder, serves as an integral part of Avenir's team, bringing extensive experience and expertise to the firm's investment management services.