Practical analysis for investment professionals

Mark Armbruster, CFA

4 Posts

Biography

Mark Armbruster, CFA, is president of Armbruster Capital Management, Inc. (ACM), a boutique wealth management firm serving high-net-worth individual and institutional clients. ACM uses index funds, exchange-traded funds (ETFs), and other investment vehicles to build portfolios designed to reduce investment-related costs and taxes in order to maximize net returns. Previously, he worked in equity research on Wall Street, following the aerospace and defense industries at Smith Barney. Armbruster also worked in the equity strategy group for Salomon Smith Barney’s Chief Equity Strategist. He also started an investment advisory firm, where he served as chief investment officer. Armbruster has served on numerous nonprofit and for-profit corporate boards. He also consults on and provides expert testimony for investment-related legal disputes. Armbruster has been quoted on investment matters in several investment publications, including the Wall Street Journal and Investor’s Business Daily. He frequently gives talks on investment matters to professional investor groups. Armbruster has served as president of CFA Society Rochester. He holds a degree from the University of Rochester.

Author's Posts
What Happens to the Market if America Goes to War?

Mark Armbruster, CFA, reviews historical capital markets performance during times of war.

What I Believe, But Cannot Prove: True Alpha Does Not Exist for Individual Investors

Mark Armbruster, CFA, discusses why he thinks that there are too many conflicts of interest and “frictions” in the system for an individual investor to enjoy market-beating results.

The Core Elements of Investing

The investment management industry is based on the premise that smart, hard-working managers with cutting-edge technology can outperform “the market.” Although it seems intuitive that this approach would produce positive results, the evidence indicates differently.

Portfolio Strategy: In Praise of Inaction

Doing nothing in the face of changing markets may seem counter-intuitive to most people. Nevertheless, when it comes to investing, inaction is often the best course of action.



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