Henry H. Armstrong Associates, Inc.

Henry H. Armstrong Associates, Inc. is a Pittsburgh-based firm established in 1983, specializing in providing investment supervisory services to individuals, families, and endowments. The principal owner is James McKay Armstrong. The firm offers continuous investment advisory services, including managing NYSE, NYSE Amex, and NASDAQ equity securities, municipal and corporate debt securities, ETFs, mutual fund shares, and government securities. They also provide wealth advisory services for financial planning and wealth transfer considerations. Armstrong does not offer services for futures and options or legal and accounting matters. Clients are not obligated to roll over retirement plan assets to Armstrong-managed accounts. The firm tailors services to individual client needs, allowing reasonable restrictions on investing in certain securities. As of December 31, 2022, Armstrong managed $902,996,113 in assets on a discretionary basis. The fee schedule is percentage-based on assets under management, with fees calculated quarterly and deducted directly from client accounts. Armstrong does not charge performance-based fees and requires a minimum account size of $2 million, though lower-value accounts may be accepted at the firm's discretion. The firm's investment strategy focuses on meticulous fundamental analysis to select securities, primarily investing in U.S. equity securities with a growth-oriented approach. Armstrong emphasizes quality, clarity, and safety in selecting companies for investment. Clients are regularly provided with written investment reviews and quarterly reports. Armstrong does not engage in principal transactions, agency cross transactions, or soft dollar arrangements. The firm has not been involved in any legal or disciplinary events and does not receive compensation for client referrals. Armstrong has custody of client funds only for fee deduction purposes and does not accept authority to vote client securities. The firm maintains financial stability and does not solicit fees in advance or have any financial conditions that would impair its ability to meet client commitments.